Understand the background of Top 3 Enhanced Features in Fedena

3 enhanced features in Fedena

We released Fedena 3.8(Prometheus) in the first week of December 2019 and it came with a lot of improvements in your favorite school ERP. Along with the all-new inquiry module and revamped SMS functionality, there were some small but mighty improvements that our users have been waiting for a long time and welcomed happily with the new release.

Let us have a look at these three feature enhancements in detail:

1. Advance Fee Payment

This feature works similarly to a virtual wallet for students to handle the fee payment. Some of the parents in many schools pay all the fees for one or two years in advance to avoid the troubles with fee payment schedule management. This helps them in avoiding the last minute struggles with fee payment before due dates.

With the new improvement in fee management, the parents can pay all the fees in advance and the amount will be kept in a virtual wallet kind of configuration for individual students as advance fees. Later for the accounting of fee payment during the usual fee collection dates, the fee can be deducted from the advance fee. This is applicable for all kinds of fees including academic fees, transport fees, etc. This feature is mostly requested by schools operating similarly to residential schools. We have seen the feature request coming from normal schools also.

2. Payment Gateway with Split Accounts

This is a very interesting feature and mostly requested by schools and the group of institutions in India. With this feature, the different categories in a single fee transaction can be routed to multiple banks as selected by the school. This is preferred by the schools because it helps in accounting the different fee categories like academic fees, hostel fees, transport fees, etc. according to the accounting standards preferred by the school. Without this auto split of payment through payment gateway, each of the fee categories would have to be paid separately and these separate payments will carry transaction fee for each transaction and further complicates the fee management system data. So with the introduction of this enhancement, all these processes will be automated. This is now available as integration with Razorpay. 

3. Pay all Fees in a Single Transaction from Fedena Mobile App

With the widespread adoption of Fedena mobile app, parents started paying fees from the mobile app and observed that the fee payments involving multiple fee categories required multiple transactions through the online payment gateway. This was an inconvenience for many parents. And with the new feature release, the mobile app now allows the parents to make all fee payments in a single transaction with the payment gateway. Along with improving the convenience, it avoids any multiple transaction fees connected with payment gateway.

Do you think these features can be enhanced further? Let us know at info@fedena.com

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