Business Challenges
Incomplete information integration and separately administered financial and educational systems
The financial management of online education involves the finance of remote branches. The fee collection and deduction approaches of students’ educational information resources need to be digitally integrated with finance to construct a complete and unified platform. Only the combination of a complete Internet financial platform and centralised information processing can keep up with the update frequency of the existing business framework.
Major changes in expense support, challenging management and lack of regulation
The online education industry has always been a “cash-burning” project. Its daily expenses mainly include major business costs, periodic expenses and income taxes. The major business costs are mainly teacher's compensation and the content production costs. Periodic expenses include management expenses, sales expenses, research and development expenses, etc. Online institutions with newer product models usually maintain a relatively high proportion of R&D investment.
Numerous remote branches and restricted collaboration
As 5G networks become more popular, the online education industry is being scaled up, companies are expanding rapidly, and remote branches are mushrooming. Without real extranet IPs, the interworking and interconnection between headquarters and each branch tend to rely on third-party software. Deployment and maintenance have also become problems.
Online education is developing rapidly, and the internal management pressure of enterprises is high
With influxes of capital, companies continue to increase investment in and construction of online education platforms and utilise artificial intelligence and other technologies to bring about model evolution, triggering a fierce battle for core education resources and end users across the entire online education industry. The market structure is constantly changing.
Digitalisation solutions for online education
Minimising customer acquisition costs by building a unified online education information platform is the core mission. After the integration of sales and finance, unified data can bring about rapid and accurate determination of customers’ real education resource needs and changes across different regions and age groups. Online education companies can resort to big data to fine-tune their core businesses, improve cost structures, optimise financial models, and explore new technology-based business models.
Expense management + the handheld reimbursement solution
Through mobile reimbursement, companies can manage both reimbursements and the business transaction process. Employees can submit business trip applications, flight ticket orders and hotel orders. Upon approval, the system can automatically place orders and make payments. You can review comprehensive information for deeply integrated businesses, such as the consumption process, business reasons and expense types.
Centralised accounting system for online education
Build a centralised accounting platform, implement and enforce a unified accounting system, standardise basic data, and achieve centralised accounting.
Online education capital management solution
Establish a capital management platform based on capital balance to manage the capital plan, settle sales management, conduct financial accounting, and unify risk supervision and decision analysis for online education enterprises.
Unified data management centre
Helps companies to centralise their management of capital, account books and assets through sharing such basic accounting information as accounts, the unification of voucher templates, the management of internal accounts, and asset management across corporations and organisations.
Advantages
Reasonable planning of costs and a flexible and convenient reimbursement platform for conglomerates
Supports online education companies in establishing a multi-dimensional expenditure control system according to customers, departments and training projects in response to budget standards and various quota and limit standards. This solution also supports companies in establishing diverse control mechanisms, including rigid or flexible control, shared or overall control, phased or cumulative control, etc.
Multi-mode financial management for automated receipt and payment processes
The backbone of this online education financial system adopts a multi-mode design to implement multi-mode complex charging processes, including cash, checks, collection, online banking, withholding and transfer. With mobile payment, it is relatively simple and easy for online education enterprises to flexibly collect fees from students and more convenient for students to pay tuition.
Business collaboration and resource sharing
Invite customers to choose account upgrade along with video or live broadcast payment. Whether it is video or live broadcast, you can directly make payment in simple steps. The analysis on changes to system funds can help customers find their own profit model more quickly.
Related Soluitons