Hint: It’s not purchase orders, requisition forms and receipts. Millennials are the largest generation in the US labor force today. That means 1 in 3 workers are now millennials and those entering school systems are not being supported in a way that is useful to their skills and needs.
... Continue ReadingThe current National Average for new teachers leaving the profession within 5 years is at 40%. Almost half of those that go into teaching leave after just 5 years in the profession. Red tape and bureaucracy, having to spend out of pocket dollars for teaching supplies, a lack of trust and not feeling empowered are common reasons for teacher frustration.
... Continue ReadingUnsupported. Burnt Out. Frustrated. Disillusioned. Teachers in Education Today. We recently sat down with expert teachers from elementary, middle, and high school, building and program administrators, and district administrators for a Florida Association of School Administrators Focus Group on Teacher Recruitment, Retention, and Absenteeism.
... Continue ReadingProviding teachers more control over classroom decisions is far more financially effective and efficient than trying to find ways to boost teacher salaries. If a teacher is choosing employment between two districts and District A gave each teacher a classroom budgeting tool that contained some funds for supplies, easy access to crowdfunding tools, additional funding that may originate from federal or local grants or PTA, and District B did not, what district do you think the teacher will choose to work for?
... Continue ReadingFraud and audit violations often happen with organizations that use Procurement-cards (P-Cards). One reason is that P-Card fraud and misuse can be difficult to recognize until it ends up in the news. Internal controls are meant to decrease fraud and abuse, however, P-Card purchasing data is limited. This is one reason the misuse of funds occurs as frequently as it does. Reconciliation reviews and monthly reports can identify suspicious activity, but don’t stop the fraud from occurring.
... Continue ReadingI have been working with teachers across our country for 20 years. In 1998, I started AdoptAClassroom.org, funding classrooms in 30% of school markets, and in 2014 I launched ClassWallet, a spend management software. In 2018, I have never seen teacher discontent as high as it is now. Teachers are striking across the nation; teacher absenteeism is now a chronic problem; approximately 50% of teachers leave the profession after just 5 years.
... Continue ReadingThe following is an excerpt from Ester Wojcicki’s Teacher Empowerment post on Medium: Teachers are striking across the country. Fifty percent of teachers leave the profession after just five years. Teacher absenteeism is a national problem. Teachers are mad, frustrated and fed up. Salary is a focal point but their ire is rooted in more than that.
... Continue ReadingHow Cloud-Based Software That Provides Accounts Payable Automation Can Improve Your ERP System. The decision to implement an Enterprise Resource Planning (ERP) system is a cost-based decision designed to improve departmental productivity while enhancing efficiency across workflows. But, the importance of maximizing the value of an ERP system can be an expensive task. New cloud-based accounts payable automation is a solution to improve ERP processes.
... Continue ReadingClassWallet reached a new milestone reconciling over 10,000 transactions in one week. The 10,536 transactions totaled $1,012,841.59, with an average of $96.13 per transaction. Included in this number are 3,669 reimbursement transactions. For all purchases, customers did not have to collect a single piece of paper, reconcile an invoice or cut a check. Our team estimates the man-hour cost savings to customers at over $1 million.
... Continue ReadingAs a financial technology company focused on saving time and money for the school business office, we are excited to be featured as a pioneer in financial technology in a recent Heritage Foundation Education Report. In the report, Jonathan Butcher, Senior Policy Analyst for the Center for Education Policy, showcases trends in mobile money and digital wallets and explains how school districts can benefit from these new innovations.
... Continue ReadingClassWallet is saving time for the school business office and streamlining the procurement workflow for districts throughout the United States. 63,000 teachers and principals in 2,000 schools use ClassWallet to automate processes for transactions, empowering business offices to reallocate precious resources from tracking and reconciling small dollar transactions to more impactful work.
... Continue ReadingThis week ClassWallet had the opportunity to be featured on the EduTechGuys podcast. The EduTechGuys are the combined force of Jeff Madlock and David Henderson whose Twitter bio succinctly breaks down what they are about: Over 40 years of combined educational technology experience set loose on the world of podcasting.
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