Newsletters

Happy spring! We hope you had a productive and engaging month. Here at ClassWallet, we spent the spring traveling throughout the country, meeting with customers and recording their experiences with ClassWallet. The feedback we received has been helpful and we are pleased to be able to share some of it with you. Take a look … Continue reading “ClassWallet: Perfect Compliment to our ERP”

When we talk about the man-hour cost of the purchase order process from requisition to reconciliation to payment, $97 is a number most agree on. So when in one week ClassWallet reconciled and settled 10,536 transactions in a completely automated, paperless and cashless manner for our customers, we estimated a cost savings of $1,021,992. Not … Continue reading “ClassWallet Enters Ohio, Expands Florida”

We hope your 2018 has been off to a strong start! Here at ClassWallet, it gets us excited when we see our customers sign up for one use of our product and then start using it in other ways. We wanted to share with you the diversity of applications for ClassWallet so you can see … Continue reading “ClassWallet Noted as Pioneer in Financial Technology”

This fall, our customers distributed millions of dollars to tens of thousands of educators, more than triple the activity of last year. We are seeing a great deal of diversity in use of funds and types of dollars we are managing. Districts have expanded their use of ClassWallet to manage federal Title I dollars, state … Continue reading “ClassWallet News November 2017: Staples Joins ClassWallet Marketplace, Presenting to The Council for the Great City Schools Conference, and More”

I hope you had a great summer. September was a WOW month for ClassWallet. New Mexico Public Education Department adopted ClassWallet for each of the state’s 23,000 classrooms. More districts in Florida and Alabama signed last month,and now approximately 15% of all classrooms in both states are using ClassWallet. Over 1,750 schools, 63,000 classrooms, across … Continue reading “ClassWallet News October 2017: New Mexico Becomes First to Use ClassWallet Statewide”

The school year is weeks away and we have been gearing up for our busiest year to date. Already ClassWallet is poised to be in 1,200 schools across 14 states. There are many more school districts – and states – we are in negotiation with, so we expect that number to grow even more. We … Continue reading “Miami-Dade County Public Schools Signs with ClassWallet”

Hard to believe the new school year is only weeks away. Summer goes by far too fast. This summer, ClassWallet has continued its quest to meet the demands of our growing customer base. We are excited to announce two powerful strategic partnerships with GoFundMe and Education Brands to solve school districts’ crowdfunding and integration challenges. … Continue reading “ClassWallet Wins PayBefore Award”

This is a busy time of year at ClassWallet as the school year winds down. We’re helping teachers get the resources they need before end of year deadlines while assisting administrators get detailed year end spending reports for their accounting and audits. We also have been on the road presenting how ClassWallet solves the problem … Continue reading “EduTech Guys Podcast Features ClassWallet”

Not all school procurement is the same. For the large purchases, purchase order and ERP systems can make a lot of sense. For the purchases funded by the school budget, these systems can be overkill, and cost more in man hours than the purchases themselves. We enjoy working with administrators that embrace innovation like ours … Continue reading “An Auditor Shares Insights to ClassWallet and District CFOs”

In the course of servicing our clients and managing distributions for classroom purchases, Title I funds, grants and other school business transactions, we have consistently heard about problems schools have related to cash collection. ClassWallet has an innovative partnership with InComm, a leader in payment solutions, and will be announcing a new solution that will … Continue reading “The Cost of Cash in K-12 Education”

ClassWallet ended 2016 on a high note. We closed a minority investment from Brentwood Associates, signed enterprise client accounts in Texas and California and launched several new features on our platform. In 2017, users will get credit back on purchases from a majority of our vendor partners, and will have tens of thousands of new … Continue reading “Brentwood Associates Makes Minority Investment in ClassWallet”

I recently met a Superintendent that informed me that she spends 45 minutes a day reviewing purchase orders! Since these POs had to work their way up to her, she could only guess that several administrators spent the same time, if not more, each day. I met with a prospective customer, an education granting organization, … Continue reading “White Paper on The Hidden Costs of School Based Budgeting”