Think of public funds as a strong river – powerful and purposeful, but requiring careful navigation to reach its destination. At ClassWallet, we’ve created not just a platform, but a sophisticated system of locks and channels that ensures this vital resource flows exactly where it needs to go.
Here’s how our digital wallet solution transforms fund administration across four critical dimensions:
Efficiency That Breaks Down Barriers
Sometimes it can feel that managing public funds feels burdensome and inefficient due to mounds of paperwork, and manual processes. Our platform shatters this paradigm, replacing cumbersome paperwork with digital pathways that increase efficiency. You and your beneficiaries glide through the process with ease, supported by an outstanding (award-winning, even) support team that acts as a steady guide through any challenges that arise.
Outcomes That Matter
We understand that the true measure of any public program lies in its impact. That’s why our platform combines spending flexibility with strategic guidance, empowering you to make informed decisions about funds. Through our digital wallet – and the guardrails you put in place – customers can easily access approved vendors and services while receiving helpful information to help them make the best purchase decisions for their specific needs.
In fact, a majority of the ESA programs in the United States use ClassWallet for their digital wallet platform, including Arizona, the largest ESA program in the country. Even more impressive – 72.5 percent of students receiving ESA benefits in 2023 accessed them through ClassWallet.
Integrity That is Unshakable
In the world of public funds, trust is your foundation and transparency is your cornerstone. Our state-of-the-art security architecture and compliance tools ensure every dollar is tracked, verified, and used according to program guidelines. Think of it as having a virtual vault with glass walls – completely secure, yet crystal clear to all stakeholders watching their public resources at work.
At ClassWallet, we take security seriously. In fact, we are compliant with all of the industry-leading data security standards, like SOC 1 Type 1, SOC 1 Type 2, NIST, and StateRAMP, which means the public funds you’ve been entrusted with are in safe hands.
Data Insights That Paint the Complete Picture
Successful program administration requires more than intuition – it demands insights. Our comprehensive analytics dashboard provides real-time visibility into fund utilization, enabling you to make data-driven decisions that optimize program outcomes. These insights help you improve current programs and strengthen your position when seeking continued funding and support.
For example, data insights from the digital wallet dashboard can show you demographics of where your funds are being used, what they’re purchasing, and the impact your program is having.
By combining these four pillars of impact, ClassWallet helps public agencies unlock the full potential of every dollar while ensuring satisfaction across all stakeholders – from policymakers to program beneficiaries and the public.
If you’re a public administrator responsible for distributing public funds and looking for a digital wallet solution to support you, request a demo today.