ClassWallet Is Now An Accredited SOC 2 Type II Compliant Service Provider

What does this mean, and how does it affect you? SOC stands for “System and Organization Controls.” It is a series of standards designed to measure how well a given service organization conducts and regulates clients’ data regarding services, operations, and compliance. The AICPA (American Institute of CPAs) defines and manages the standards that comprise … Continue reading “ClassWallet Is Now An Accredited SOC 2 Type II Compliant Service Provider”

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.