ClassWallet saves Business Administrator Todd Hauber, Park City School District (UT) and his administrators save over a hundred hours of time reviewing receipts and researching fund balances. That time gets … Continue reading “ClassWallet Saves Over a Hundred Hours of Bookkeeping Time”
ClassWallet’s digital wallet technology is easy to implement and easier to use. Interview with Diane Allison, Business Services Director, Ascension Parish School Board.
ClassWallet reduces dependency on purchase cards in school districts K-12. Interview with Diane Allison, Business Services Director, Ascension Parish School Board. ClassWallet’s digital wallet technology eliminates paper and extra labor.
Interview with Lisa Loop, Senior Director of Fiscal Services, Mountain View School District. ClassWallet provides more control with less paper. How to track many sources of funding on ClassWallet. Why … Continue reading “More Control with Less Paper”
Have you heard about ClassWallet? School districts throughout the U.S. use ClassWallet so they never have to collect a piece of paper, cut a check, or manually enter data or … Continue reading “What is ClassWallet?”
This video shows how to use your ClassWallet debit card.
If you’re not failing, you’re failing: Stretching yourself beyond your comfort zone gets you where you need to be. Asa part of our series about business leaders who are shaking … Continue reading “Meet The Disruptors: Jamie Rosenberg Of ClassWallet On The Three Things You Need To Shake Up Your Industry”
What does this mean, and how does it affect you? SOC stands for “System and Organization Controls.” It is a series of standards designed to measure how well a given … Continue reading “ClassWallet Is Now An Accredited SOC 2 Type II Compliant Service Provider”
Miami-based FinTech ClassWallet has grown its classroom expense management offering to help with the requirements of custodial and maintenance workers in primary and secondary schools, according to a Monday (Jan. … Continue reading “ClassWallet Unveils Expense Tool For School Maintenance”
ClassWallet is being used to help provide oversight of how parents spend money in their ESA accounts in real time, and could reduce the administrative burden of auditing ESA expenses. … Continue reading “ClassWallet as a Solution to Most, if Not All, Misspending”
At ClassWallet we’re always joking that no company sells less efficiency and increased costs. Most technology companies position themselves as a solution that saves time and money, but what that means to people differs considerably. We’ve been told by clients they save, on average, 5 hours a week in school bookkeeping time managing teacher orders and receipt reimbursement on our platform. We wondered what impact this really has in the daily lives of these administrators. So we asked districts of all sizes across the country what the effects would be from freeing up 5 hours each week for their bookkeepers, and here’s what they had to say.
... Continue ReadingAt ClassWallet we’re always joking that no company sells less efficiency and increased costs. Most technology companies position themselves as a solution that saves time and money, but what that means to people differs considerably. We’ve been told by clients they save, on average, 5 hours a week in school bookkeeping time managing teacher orders and receipt reimbursement on our platform.
... Continue ReadingNo stranger to education technology, Jamie Rosenberg has launched two successful technology companies in the space. His journey from mergers and acquisitions lawyer to social entrepreneur is a living example of how one person can change the world.
... Continue ReadingFraud and audit violations often happen with organizations that use Procurement-cards (P-Cards). One reason is that P-Card fraud and misuse can be difficult to recognize until it ends up in the news. Internal controls are meant to decrease fraud and abuse, however, P-Card purchasing data is limited. This is one reason the misuse of funds occurs as frequently as it does. Reconciliation reviews and monthly reports can identify suspicious activity, but don’t stop the fraud from occurring.
... Continue ReadingHow Cloud-Based Software That Provides Accounts Payable Automation Can Improve Your ERP System. The decision to implement an Enterprise Resource Planning (ERP) system is a cost-based decision designed to improve departmental productivity while enhancing efficiency across workflows. But, the importance of maximizing the value of an ERP system can be an expensive task. New cloud-based accounts payable automation is a solution to improve ERP processes.
... Continue ReadingClassWallet reached a new milestone reconciling over 10,000 transactions in one week. The 10,536 transactions totaled $1,012,841.59, with an average of $96.13 per transaction. Included in this number are 3,669 reimbursement transactions. For all purchases, customers did not have to collect a single piece of paper, reconcile an invoice or cut a check. Our team estimates the man-hour cost savings to customers at over $1 million.
... Continue ReadingAs a financial technology company focused on saving time and money for the school business office, we are excited to be featured as a pioneer in financial technology in a recent Heritage Foundation Education Report. In the report, Jonathan Butcher, Senior Policy Analyst for the Center for Education Policy, showcases trends in mobile money and digital wallets and explains how school districts can benefit from these new innovations.
... Continue ReadingThis week ClassWallet had the opportunity to be featured on the EduTechGuys podcast. The EduTechGuys are the combined force of Jeff Madlock and David Henderson whose Twitter bio succinctly breaks down what they are about: Over 40 years of combined educational technology experience set loose on the world of podcasting.
... Continue ReadingThere are some office facing solutions that are lights out that I love. The first group that I would talk about is ClassWallet. ClassWallet is a great business office solution and you say, “Wow that is so simple!” ClassWallet talks about student funds and accounts, field trips, things like that, and you go, ‘Oh my God that’s such a low hanging fruit.’ But everyone of us brings that brown envelope down to the office. It’s a nightmare. But ClassWallet digitizes it.
... Continue ReadingClassWallet, a market-leading platform that streamlines the tracking of education funds, has closed a minority investment from Brentwood Associates (“Brentwood”). Brentwood is a leading consumer-focused private equity investment firm that has made several investments in the education space. ClassWallet represents the fifth education-related investment for Brentwood. Several existing ClassWallet investors also participated in the funding round.
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