Case Study: Alfa College speeds up student payments with Payt

Alfa College speeds up 13,000 invoices with Payt

The customer, Alfa College, faced an inefficient accounts receivable process involving the manual handling of over 13,000 invoices annually, which was time-consuming and prone to error. The challenge also included poor payment behavior from students and the costs associated with using an external collection agency. To address this, the vocational college turned to the vendor, Payt, for its accounts receivable management software.

Payt implemented a solution that automated the entire chain from invoicing to reminders, including an online portal for students. This portal provided real-time invoice status and enabled payments via iDEAL and self-service payment plans. As a result, Alfa College eliminated the need for the collection agency, achieving significant cost savings. Payt also helped improve student payment behavior, leading to faster payments and a more professional, reliable process.

Alfa College