Tuition Billing & Payments
Billing & Payments Solution
Paperless Invoices | Secure Online Payments | Recurring Auto-Pay
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Montessori Compass is very excited to announce a new partnership with TUIO, a provider of billing and payments services for schools across North America. As a Montessori Compass customer, you are now eligible to receive exclusive discount pricing on this powerful, yet flexible solution designed to help you save time, reduce paperwork, and collect payments faster!
The all new MC Billing & Payments solution enables administrators to create custom payment plans for tuition, extended care, meals, field trips, and anything else you would like to bill. Automatically send paperless invoices, paperless tax receipts, invoice reminders directly to parents and accept secure online payments (credit card or bank account with PAD built-in). Parents get set up for recurring automated payments on tuition and other recurring programs, a feature that ensures both you and the parents know exactly when the next payment will be made successfully with the least amount of intervention. With the TUIO Dashboard you can access and track your payment statuses on demand at any time in one centralized system, helping to ensure that your school billing is always up-to-date.
Low transaction fee and funds can be distributed to your account without delay, in as little as 24 hours!
Key features & benefits:
- Bank Accounts ACH/EFT/DD (with online PAD agreement) + credit card (with option to pass fees to parents)
- Get set up in 2-3 days and launch to parents!
- Recurring payments provide cash flow certainty
- Customize payment plans and discount scenarios as needed to boost enrollment
- In addition to tuition, manage ancillary billing items and incidentals like aftercare, meal plans, field trips, etc.
- Automated Tax receipt feature
- Automated transaction reconciliation and bank account reconciliation for bookkeeping
- Reporting capabilities for all users with TUIOs smart invoice export feature
- No sensitive financial information is ever stored across the platform
- Payments processed securely by regulated banks directly from parents to you and without ever holding your funds
- Paperless and green!