The Value of Time and Technology in the Business Office

At ClassWallet we’re always joking that no company sells less efficiency and increased costs. Most technology companies position themselves as a solution that saves time and money, but what that means to people differs considerably. We’ve been told by clients they save, on average, 5 hours a week in school bookkeeping time managing teacher orders and receipt reimbursement on our platform.

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EdTech Digest Feature of ClassWallet CEO

No stranger to education technology, Jamie Rosenberg has launched two successful technology companies in the space. His journey from mergers and acquisitions lawyer to social entrepreneur is a living example of how one person can change the world.

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How To Keep & Retain The Millennial Teacher

We sat down with international education consultant Jennifer Abrams to discuss what is needed for schools to keep and retain the millennial teacher and help this generation thrive.  Millennials make up the largest percentage of teachers, yet only 6% of superintendents think their district understands the needs of millennial teachers

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Do You Know What Motivates Millennial Teachers?

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.

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How the Finance Office Can Alleviate Teacher Shortage Problems

Providing 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?

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Preventing P-Card Abuse & Fraud in Your District

Fraud 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. 

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Empowering Teachers with Classroom Budgets

I 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.

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Education Leader Esther Wojcicki, The Case For Teacher Empowerment

The 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.

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Accounts Payable Automation – A Cost Effective Alternative Way to Maximize Your ERP

How 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.

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ClassWallet’s $1 Million Week: 10,536 Purchases Reconciled & Paid

ClassWallet 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.

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