Educating for the Future with Financial Stability

Industry: Education

Headline: "Increased Enrollment by 25% and Optimized Finances"

Title: Educating for the Future with Financial Stability

Short Description: Bright Minds Academy needed better financial management. FYNANCE’s tools and services boosted enrollment and stability.

Detailed Description:

SME Intro: Bright Minds Academy, a 10-year-old school in Lusaka with 20 staff, educates from kindergarten to grade 12, but financial issues threatened growth, common in education SMEs.

Problem: Late tuition payments and manual expense tracking caused cash flow issues. Unclear financials made reporting to parents and regulators difficult.

Solution: FYNANCE’s digital collections eased tuition payments via QR codes. Accounting automation provided clear reports. Tax services ensured compliance.

• Digital collections reduced late payments.
• Accounting automation improved financial visibility.
• Tax services maintained regulatory compliance.

Outcome: Enrollment increased by 25% with convenient payments. Improved cash flow for facility upgrades, saved $2,000 yearly on accounting.

• Enrollment up 25%, cash flow improved.
• Saved $2,000 yearly, facility upgrades planned.

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