Description

HOW SCHOOLS CAN LEVERAGE BANKPLUS FOR FINANCIAL MANAGEMENT

Value Proposition

BankPlus offers schools a seamless, digital solution for managing finances, simplifying fee collection, and providing flexible payment options for parents.

With built-in security features like AES-256 encryption and fraud detection, BankPlus ensures safe transactions while integrating with Student Information Systems for consistency between financial and student data. This scalable solution supports schools in managing Finance, and partnerships with financial institutions.

Our offer:

• Efficiency: Reduces manual processing and improves financial management.
• Transparency: Enhances visibility over funds and transactions.
• Security: Ensures financial data protection and fraud prevention.
• Low Transaction fee.
• Access to Loan for but student and institution

Company Overview

Mehtic Technology is a forward-thinking fintech company based in Nigeria. It specializes in providing digital banking and payment solutions to microfinance Banks (MFB), MFIs, and other financial service providers and schools.

Established to transform the financial services landscape through technology, Mehtic Technology empowers institutions to deliver seamless, customer-centric digital experiences.

Our Vision:

To become the leading provider of innovative fintech solutions that enhance financial inclusion, simplify banking processes, and accelerate digital transformation across Africa.

Proven Experience:

Mehtic Technology has successfully partnered with leading Banks (Providus Bank, Globus Bank and Jaiz Bank) we are currently serving micro- finance banks, and micro-finance institutions helping these institutions digitize their operations, improve customer experience.

Key Products and Solutions:

MehticPay:

A cutting-edge Web3 payment platform offering secure, real-time payments in local currencies and cryptocurrencies, designed for both businesses and individuals.

BankPlus:

A comprehensive digital banking solution used by over 3MFB and 10 MFIs in Nigeria, offering features like mobile and USSD banking, agency banking, Al-driven credit solutions, a robust debit card system for better financial management

Objective

BankPlus enables schools to streamline their financial processes by automating fee collection, expense management, and financial reporting, reducing administrative workload and ensuring timely payments.

Key Benefits of BankPlus for Schools

Digital Payment Solutions

• Automate fee collections and payments.
• Allow parents and students to pay online via multiple digital channels.

Automated Fee Collection

• Send automated notifications for due payments.
• Simplifies reconciliation and reduces late payments.

Improved Financial Reporting & Reconciliation

Real-Time Reporting:

• Access transactions and generate reports instantly.
• Helps in preparing for audits, internal reviews, and financial planning.

Seamless Reconciliation:

• Simplifies financial reconciliation by tracking every transaction automatically.

Payment Scheduling

Making and receiving payments has not been this easy as Bankplus provides tools like direct bank debit and Standing-order, which help facilitate payment.

Flexible Payment Plans:

• Allow parents to schedule payments in installments.
• Eases financial pressure and ensures timely payments.

Automatic Payments:

• Parents can automate fee payments, reducing late fees and administrative follow- ups.

Expense Management

Effective expense management helps to control operational costs, allocate resources efficiently, and ensure that the budget is adhered to, ultimately contributing to financial stability and sustainability. With features like automated payments, tracking tools, and integrated reporting, schools can manage their expenses more efficiently while maintaining financial transparency.

Manage Operating Expenses:

• Automate payments for salaries, maintenance, and procurement.
• Efficiently track and control operating costs to ensure budget adherence.

Vendor Payments:

• Simplified and secure payment processing for suppliers and service providers.

Collaborations with Banks

Offer Financial Services:

• Partner with banks to provide parents with loan services for tuition fees.
• Facilitates education affordability and increases student enrollment.