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

Digital Fee Collection for Schools

₹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