Broward Education Foundation Signs with ClassWallet

From the CEO

Greetings,

We are very excited about the positive responses we are getting from our customers and the prospects we are talking to. As more and more users are managing dollars through our platform, we are learning about the cost savings of ClassWallet compared to doing it “the old way.” The checks, reimbursements, purchase orders, receipts, re-keying of data, fraud, etc…the process costs add up to an estimated $100 per transaction! Our team is energized by the productivity and cost savings we are providing to our customers.

Exciting News

Broward Education Foundation Signs with ClassWallet

Broward Education Foundation, serving the Broward County School District which is the country’s 6th largest, distributed its first cohort of grants through ClassWallet! Before, Broward Education Foundation Program Director Coco Burns issued checks to teachers. The teachers deposited the checks into their personal bank accounts and used credit cards to make the purchases. They saved the receipts and ultimately returned them, and sometimes unused money, back to the foundation. Burns would have the inglorious task of chasing down teachers, reminding them about remitting the receipts and then manually extracting and inputting purchasing data. Burns shared, When ClassWallet approached us, we were able to look at the current process with a fresh perspective and realized how inefficient it was. Literally, ClassWallet took an entire box of paperwork from my desk and made it go away.

Harrington Park School District Turns on ClassWallet

Harrington Park began onboarding teachers and parent teacher organizations to ClassWallet. Harrington Park is looking to reduce the amount of cash and paperwork involved in managing student activity dollars and supplemental monies from parents. According to Superintendent Adam Fried, Historically the student activities and philanthropy dollars - even when put together - are relatively a small account compared to my overall budget. However, it’s the one that creates the most pain in our budgetary process. Getting accurate accounting from all of the cash and receipts that come through the business office is time as a school leader I would like to use moving the agenda forward. ClassWallet has created a solution to a problem that we thought could never be resolved. It is giving me the ability to lead my district rather than manage a problem.

Upcoming Events

ClassWallet addresses the pain of managing checks, reimbursements, paper receipts, and the paperwork associated with tracking expenditures for school systems. The platform makes the accounting and audit trail very easy and helps reduce administrative costs.