Payment/Fees Collection And Processing
Institutions and organizations that collect, collate, record and classify payments for large number of students and customers have always found it difficult to process such payments and collections swiftly and accurately. Even with the deployment of technology in banking and the financial sector generally, processing payment is still very ‘manually’ handled.
Citigrade Technologies Ltd has developed an end-to-end fees and payments collection system in order to ease the process of payment collection and processing. No matter the point of and the mode of payment of fees, the system is capable of efficiently process collections real-time with little or no human intervention. This eliminates the problems and delays associated with bank reconciliation and departmental collation of payments and fees.