Collexo is a fee-management platform that is purpose-built for educational institutions. By offering a centralized platform, Collexo eliminates manual tasks and simplifies complex administrative tasks associated with fee management. Its intuitive and user-friendly interface makes it easy for administrators, finance users, and applicants to navigate the system effortlessly.
With its high level of customization, Collexo accommodates a wide range of use cases efficiently.
It simplifies and enhances the way institutions handle payments as it offers the following features:
For your Institute
- Customizability in Defining Fees:
You can easily set up fees for students/applicants using a variety of payment channels provided and supported by Collexo which solves various use cases for a wide spectrum of institutes:
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- Collexo makes fee assignment easy by automating the process, thereby eliminating manual intervention and reducing errors.
- Collexo also allows you to assign different fee amounts to different students for the same fees, giving you unparalleled flexibility.
- If your institute currently uses an ERP, it is possible to seamlessly integrate Collexo with your ERP system to synchronize fee-related data. This integration ensures data consistency across platforms.
- Collexo provides the convenience of collecting miscellaneous payments instantly through payment links, allowing you to promptly collect fees whenever needed.
- If your institute uses Meritto, you can use Collexo's platform for managing enrolment fees. It's integrated with Meritto's Enrolment Cloud, so students/applicants can pay fees directly from their Enrolment Portal.
- Collexo can also be utilized with Meritto's Education CRM to receive payments from leads at an earlier stage of the enrolment process.
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Collexo also offers a range of features that have been built to solve problems related to fee collection for educational institutes, which are as follows:
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- Partial Payments: Allow students/applicants to make partial payments, accommodating varying financial situations and improving fee collection rates. This feature enhances accessibility and affordability for users.
- Scholarships and Discount Codes: You can define as well as assign scholarships easily using Collexo. Additionally, you can leverage the use of discount codes for a variety of use cases like incentivizing timely fee payments.
- Surcharge Handling: Collexo's surcharge handling functionalities empower institutes to manage additional charges associated with fee transactions like GST effectively.
- Late Fees: Collexo lets you charge late fees for overdue payments, motivating students/applicants to pay their fees on time.
- Instant Receipt Generation: Collexo comes with the added functionality of generating receipts tailored for your institute instantly upon payments.
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- Effortless Fee Collection:
Collexo's support for over 10 currencies and 9 payment gateways enables institutes to accept international payments, thereby providing them with unparalleled flexibility and allowing them to extend their fee collection capabilities beyond borders.
- Streamlined Communications:
Collexo enables institutes to communicate with students effortlessly by sending reminders as well as payment acknowledgments via various channels like email, SMS, and WhatsApp.
- Robust Reports for Real-Time Insights:
Institutes can access real-time payment dashboards, transaction reports, and settlement reports, empowering them with comprehensive and immediate financial visibility as well as eliminating the complexities associated with manual reconciliation and suspense transactions.
- Prioritizing Security for Peace of Mind:
Security stands at the forefront of Collexo's features, ensuring 100% secure payment processing. With enterprise-grade security measures like encryption, masking, and role-based access control, Collexo guarantees the protection of financial transactions and data. Regular security audits and penetration testing are conducted to maintain the platform's security. These features along with Multi-Factor Authentication assure data protection and compliance with regulations and standards for all financial transactions.
For the Applicants
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- Diverse Payment Options:
Collexo ensures flexibility in fee collection by providing multiple payment modes, including online options like Credit/Debit Card, UPI, Wallets, and Netbanking along with support for EMIs, and offline options like DD, Cash, Bank Transfers, and POS catering to the convenience of students/applicants.
- Diverse Payment Options:
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- Advanced Payment Portal:
Collexo’s payment portal for students/applicants helps them view all of the fees assigned to them across institutes in a single view. Students/applicants can easily check their payment history on the Collexo portal for convenience. They can also download payment receipts either immediately after making a payment or from their payment history directly from the portal itself. - Automated Payment Reminders:
With Collexo's auto-reminder feature, students/applicants can stay on top of their fee payments without the hassle of remembering deadlines. Institutes can effortlessly send payment reminders through various channels like email, SMS, and WhatsApp. These reminders can be tailored to be sent a specified number of days before or after the start, due, or end date of fees, ensuring timely payments and reducing the risk of missed deadlines.
- Advanced Payment Portal: