Digital Fee Collection for Schools: Jamnabai Narsee Group’s Success with Phi Commerce

₹100 Cr+

Settled in T+1

<1 Hr

Reconciliation Time

Complex fee configurations with varying schedules and discounts made tracking and collection inconsistent
Multiple payment methods (online & offline) needed custom integrations, increasing effort and delays
Manual reconciliation created operational bottlenecks and required follow-up with parents for UTR numbers
Slow invoice generation – prone to errors
No incentive for early payments, resulting in delayed collections
Limited communication- Parents lacked real-time updates and clarity on fee status

The institution sought a partner who could modernize its entire fee management process, not just offer a payment gateway.

Virtual accounts assigned to each student for real-time visibility and simplified reconciliation — no UTR follow-ups
Split settlements to automate payouts across departments and vendors
Bulk upload & automation of fee configurations and student data
Invoice engine to generate and update fee invoices in real time
Parent portal to provide 24/7 access to invoices, payment history, and secure payment options
Configurable early payment discounts to encourage timely collections

Digital Fee Collections
₹100Cr+ settled in T+1
Reconciliation Time
<1 Hr
Improvement in Advance Collections
Enabled through early payment discounts
Reduction in Admin Load
Freed up staff for core academic functions
Parent Experience
Increased convenience and satisfaction