Prodigy Finance Suite

Sep 07 2021 | 5 minutes read

A finance tool to collect payments, prevent fraud, and keep your financial records up to date.

Prodigy Finance Suite brings together administrative, invoicing, payment, and fee billing within an online system that helps schools eliminate unnecessary duplication of work, reduce costly mistakes and have total control over financial administration within the school. Our solution enables fund management and budgetary control helping schools stay in control of their expenditures. It also provides a detailed and insightful report which can be exported to excel, printed, or saved as a PDF.

Key features

• Fee Management
• Expense and Budget Management
• Payroll Management
• Income Management
• Role-based Access
• Invoice Management

Fee management

The fee management solution offers schools an easy and flexible way to manage fee payment from collection to reconciliation both offline and online.

Key features

• Multi-currency support
• Recurring billing
• Part and prepayment fee payment option
• Bill generation (Class and individual student)
• Online fee payment
• Payment register and detailed fee report
• Automated payment acknowledgment notification via SMS and email

Expense and Budget Management

The expense management solution offers schools an easy and flexible way to track spending and audit school-related expenses. This solution gives an overview of the overall expenses, identifies cost-saving opportunities, and helps schools control spending. The budget management solution helps schools confidently prepare for the future with intelligent financial forecasting and budgeting.

Key features

• Dashboard with full visibility of expenditures
• Detailed expense report which can be exported to excel, printed, or saved as PDF.
• Group and organize expenses using tags and categories.

Income Management

The income management solution offers schools an easy and flexible way to manage other forms of income excluding fees. This solution helps schools gain insight into other sources of income by classifying them into groups. e.g Donation and funding, admission form, etc.

Key features

• Dashboard with full visibility of income (others + Fees)
• Income statement with detailed income report which can be exported to excel, printed, or saved as PDF.
• Group and organize income by category.

Payroll Management

The payroll management solution offers schools an easy, flexible, and automated way to manage staff pay and track payment. This solution streamlines and automates manual processes like payslips generation, tax calculations, and computation of employee salary. It computes all types of payroll calculations with ease: salary, bonuses, prorated payments, raises, deductions.

Key features

• Automated calculation and sorting of payroll component
• Automated and fast payslip generation
• Easy and fast payroll approval
• Detailed payroll report
• Sending of payslip via SMS and email

Invoice Management

Prodigy invoice lets schools automate, speed up, and manage invoicing processes, for additional services, and fees that do not follow the termly fee structure.

Key Features

• Recurring Invoicing
• Bulk Invoicing
• Payment Tracking
• Automated tax calculation
• Sending invoice via email
• Payment history
• Multi-currency support

Prodigy Finance is an all-in-one solution to transform schools' finance functions. With innovative accounting and automation tools to help complete tasks with ease and deliver accurate insights right in real-time.

Find out how Prodigy Finance Suite can help streamline your school financial process, wherever you are. Contact Prodigy School Suite to get a personalized one-on-one demo.