plus no fee collection headache
Advance fees on 1st of every month | Tension free collection | Fee Insurance
Advance fees on 1st of every month
Tension free collection
Are you not getting the fee payments on time?
NuShala solves this through an advance transfer of your monthly fees on the 1st of every month, all year round.
We do end-to-end collection of fees from parents.
School's support is only required when the parents have not been paying for more than 2 months. (Less than 5-7% cases)
The technology led processes helps school owners avoid accounting fraud.
This way, school owners can focus on what they do best - GROWTH.
You get best in class technology partner
We have strong partners backing us
We are growing
We started NuShala to fill the gap in finances of private schools.
Today we are covering more than 20,000 students across schools to helps school owners run their school smoothly and drive growth through focussed execution
In the past 12 months, we have created a seamless product for schools in partnership with the leading financial institutions in India to solve the working capital and collection issues of schools for good.
1. Data Transition
To start with, we transfer the data of school from their register/ERP to the NuShala platform.
This can take between 3 to 15 days depending on data management standard.
2. Report Generation
A detailed report is created for the school owner to understand the state of their schools.
This helps is taking a decision whether NuShala fits for the school or not.
4. NuShala awareness
School is required to make parents aware about the NuShala app and help us make the transition smoother.
We provide branding support in this regard.
3. Documentation & KYC
A detailed document is required to move ahead in the journey and finalise the agreements.
This can take upto 3 days.
5. Fee Transfer
School starts receiving a monthly payout in their account every month on an agreed upon date to manage their expenses and growth.
need to know
NuShala has partnership with mutiple NBFC’s who fund the school against the receivables i.e., school fees every month.
We have a strong collection process where we persuade the parent to pay fees on time which includes:
- Timely reminders
- Follow up on calls
- Counsellor visits
The service fee includes charges for both advance fee and collection.
Please get in touch with NuShala team to understand the charges.
NuShala handles fee collection for school. We assign an account manager for proper management and our counsellors work on the cases where there is high delay.