Automated Discounting & Prorating is an amazing feature that can produce amazing results.
If you’re into speed and accuracy, this is a feature for you!
Busy managers and administrators find it crucial to maximizing their work day because it saves so much time in accurately doing one of the most important processes in the organization: collecting tuition.
The Discounting & Prorating process is a big part of tuition collection – but with Jackrabbit’s feature it doesn’t have to be the most time-consuming part. Reduce your task time tremendously and give yourself time back – as much as 50 to 75% of what you typically spend on applying prorated fees and discounts.
If you’d like to build smart pricing strategies to inspire customer loyalty, get started with Automated Discounting & Prorating now!
You will be in your groove for the busy times ahead.
It’s no secret that rewarding your customers for enrolling in multiple classes and or enrolling multiple students promotes goodwill and increases retention, which grows your business.
You likely have a unique blend of billing methods, discounts, and prorating offers that form your sales incentives. Done manually, this is likely to take quite a chunk of time. Automated
Discounting & Prorating allows you to bring that mix into Jackrabbit and automate it for speed and accuracy.
Discounting & Prorating is an enabler for owners and managers! While you want to maintain control over critical financial processes, you want them to operate as efficiently as possible so you have time to really be the person you need to be in your organization. In addition to daily, weekly and monthly tasks that run the business, there are also critical activities that are annual, seasonal or periodic like reviewing policies, procedures, curriculum and staff so that you know when to hit the reset button and make changes. You also need time to evaluate new equipment and software so you can add new tools that keep you up with the times.
Fast Processing
It takes Little Otter Swim School’s Finance Manager, Sherri Buzard 4 hours less than before the automation enhancements were added. It’s a huge bonus for her.
“It was so exciting the first time I ran billing with the enhanced version of discounting and prorating. I just watched all of the calculations populate the accounts. I didn’t even have to change future enrollments or drops.”
Accurate Results
And as far as accuracy is concerned, here is what Sherri has to say:
“The accuracy of billing for our parents has gotten their attention. It’s as close to error-free as the complexities of billing more than 2400 parents could be!”
You might also be interested in:
New Post Tuition Fees Laid the Foundation for Discounting and Prorating
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