Edvance

What's the percentage of parents who delay their school fee payments? 5%? 10%? 40%? After speaking to school principals all over Malaysia, the number is closer to >40%. And that's stressful for your school's cash flow. One way to get parents pay on time? (or even early?) Bribe them. I'm serious. Give them an incentive like vouchers for school meals, book purchases, or school trip discounts. It might cost you a little extra. But it will cut down late payments by a ton. PS. Here are 5 other ways to make parents pay on time, in this little guide. Get it here (it's free): https://lnkd.in/gJWWpVPj

A Proud Moment for Edvance! Our CEO, Edward, recently shared an exciting milestone for Edvance – we’ve been recognized as one of HolonIQ's Top 50 EdTech companies in Southeast Asia! 🎖 In Edward’s words: “This recognition is a testament to the incredible work our team has done to innovate solutions for schools and deliver value to parents and students. It highlights the impact we’re creating together and places us alongside the most promising EdTech players in the region. Let’s take a moment to celebrate this achievement and keep the momentum going as we work toward transforming education financing across Southeast Asia. Onwards and upwards!” 🚀 This recognition wouldn’t have been possible without the hard work, dedication, and passion of every member of our team. Here’s to creating even greater impact together! Read more about the recognition here. https://lnkd.in/gavK3Y44 #EdTech #SoutheastAsia #EducationInnovation #ProudMoment

"My mum's a teacher and she spends more time doing useless shits other than actually teaching and keeping up with the syllabus." – Reddit user Sadly, this is more common than you think. Apart from teaching, teachers have to... Take attendance. Attend department meetings. Chase students for overdue fees. Write class reports for the ministry. Enter student data into the school system. Necessary evil, you might say. Teachers drowning in admin tasks is like the hawker stall keep washing dishes instead of frying my char koay teow. Not productive. (And I'm still craving my plate of char koay teow...) What if you can automate or eliminate these tasks using technology? And finally have teachers focus on their core mission – teaching. Worth considering.

School Principals – What if you get "pre-paid" school fees in advance? Would you... 1. Hire 5-star teachers from another school? 2. Offer scholarships to students who need it? 3. Buy higher-resolution projectors for your classrooms? 4. Put the extra fund into a fixed deposit account for rainy days? 5. Spend more on marketing roadshows by attending more education fairs? 6. Change your accounting from a paper process to an automated software system? Which one would you pick first? Comment below. PS. : Struggling with cash flow for your school? Here's a short guide that might help you – 5 Ways To Get Parents Pay Your School Fees On Time Get it here: https://lnkd.in/gVGtFP54

Imagine this: You work. And your spouse works. You have 2 kids. Here's the list of bills to pay every month: House mortgage, car loan, TNB bills, grocery bills, insurance... So when schools ask you to pay a large chunk of semester fees, it's really stretching you budget. Especially when the aircon breaks down or when you need to replace a flat tire. You know the stress if you're a parent. Schools principals: Please let parents split up the school fees into monthly payments. PS: I know running a school ain't easy, especially when it comes to cash flow. So here's guide on how to get parents to pay your school fees on time. Link in comments.

This idea may offend you: Bribe parents to pay school fees early. Give them incentives. Like vouchers, points to redeem meals or free T-shirts. If you bought a ton of stuff during the 11:11 sale, you've taken the "bribe" from other merchants. No reason it wouldn't work for parents.

Some international schools in Malaysia still lose money despite charging between RM20k-100k annual fees. "You don’t get into the education business purely for the profits." Said one industry player. But profits sure pay teachers' salaries. Running a school is hard. So here's a free guide to get parents to pay your school fees on time. Get it here: https://lnkd.in/g6-gzf-d

The most under-discussed way to get parents to pay school fees early: Incentives. Think about it. If you're a parent, why would you want to pay your kid's school fees EARLY? That's right – you gotta know – "What's in it for me?" So what incentives do you give parents? *School trip discounts *Meal redemption vouchers *Points to exchange stationery Your imagination is the limit. Think coming up with incentive ideas is too hard and wonder if there's an easy way? DM me for a chat. PS. Here are 5 more ways to get parents to pay school fees early: https://lnkd.in/gJWWpVPj

Good morning school principals: What's the No. 1 worry you have about your school's finances?

Things that kill a school's cash flow: * Parents must pay at the counter. * Manual invoicing using WhatsApp. * No automated payment follow-up system. * No instalment option for cash-strapped parents. * Chasing parents to pay when they're busy at work. * No incentive for parents to pay early or pay on time. Avoid as many of these as possible. PS. Want to know how to get parents to pay your school fees on time? Get this free guide: https://lnkd.in/gdgemQxU