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HomeEDUCATIONFlywire and Blackbaud Accomplice to Streamline Tuition Cost Expertise for Worldwide Okay-12...

Flywire and Blackbaud Accomplice to Streamline Tuition Cost Expertise for Worldwide Okay-12 College students within the U.S.


BOSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) —  Flywire Company (Flywire) (Nasdaq: FLYW), a world funds enablement and software program firm, has introduced a strategic partnership with Blackbaud (NASDAQ: BLKB), the main supplier of software program for powering social impression. Flywire will change into a most popular cost methodology for worldwide college students who pay their tuition and different associated bills to Blackbaud’s Okay-12 college clients in the USA. Incorporating Flywire into Blackbaud’s Tuition Administration platform allows a seamless cost expertise for college kids and helps personal and impartial faculties streamline incoming funds, together with tuition and enrollment charges, from college students worldwide.

To spice up worldwide scholar enrollment, Okay-12 boarding faculties and impartial faculties are enhancing their recruitment and retention methods, from adopting digital outreach instruments, to rising help providers for college kids, to diversifying their recruitment efforts. Colleges are additionally seeking to improve their cost processes to cut back any limitations to enrollment. A seamless funds expertise that simplifies forex conversion and cross-border transactions is especially engaging to worldwide households paying high-cost Okay-12 faculties. Moreover, faculties that supply versatile cost plans and safe cost strategies could make themselves extra accessible to a wider viewers, which can improve enrollment charges, significantly amongst worldwide and non-local college students​.

A number one software program supplier for the Okay-12 market, Blackbaud acknowledges the significance of streamlining the cost course of for worldwide college students and faculties. Tuition funds can vary from $4,200 to better than $29,000 yearly for secondary faculties in the USA, and college students and households would historically must depend on worldwide wires and bank cards, which might include complexity, lack of visibility into funds made, and excessive charges. With Flywire built-in into the Blackbaud Tuition Administration platform, faculties can present real-time, safe and on-line cost processing performance for households, whereas sustaining the prevailing dependable reconciliation course of faculties use with Blackbaud at present.

Colleges that use Blackbaud may even profit from Flywire’s out-of-the-box integration and around-the-clock multilingual help. This turnkey integration ensures tightly linked cost processing throughout the Blackbaud system. Each front-end and back-end customers will profit from simply accessing up-to-date stability and cost standing in actual time.

“As a trusted companion to Okay-12 impartial faculties, we’re at all times listening to our shoppers and discovering methods to innovate to make their faculties run extra successfully and effectively,” mentioned Mark Davis, vp, schooling merchandise, Blackbaud. “Our Flywire integration will assist simplify worldwide funds from worldwide households, which ought to enhance worldwide scholar enrollment for our clients.”

“As Flywire continues to serve the Okay-12 schooling market, we’re thrilled to companion with Blackbaud who brings significant relationships and a big footprint within the Okay-12 schooling sector within the U.S,” mentioned Sharon Butler, EVP and GM of World Schooling, Flywire. “By way of our highly effective, seamless integration, we’re in a position to ship distinctive cost experiences for college kids and faculties alike – and we’re dedicated to constructing on this basis because the partnership continues.”

About Flywire

Flywire is a world funds enablement and software program firm. We mix our proprietary international funds community, next-gen funds platform and vertical-specific software program to ship a very powerful and sophisticated funds for our shoppers and their clients.

Flywire leverages its vertical-specific software program and funds know-how to deeply embed throughout the present A/R workflows for its shoppers throughout the schooling, healthcare and journey vertical markets, in addition to in key B2B industries. Flywire additionally integrates with main ERP techniques, resembling NetSuite, so organizations can optimize the cost expertise for his or her clients whereas eliminating operational challenges.

Flywire helps greater than 4,000* shoppers with numerous cost strategies in additional than 140 currencies throughout 240 international locations and territories all over the world. Flywire is headquartered in Boston, MA, USA with international places of work. For extra info, go to  www.flywire.com. Observe Flywire on  X (previously generally known as Twitter),  LinkedIn and  Fb.

*Excludes shoppers from Flywire’s Invoiced acquisition

Secure Harbor Assertion

This launch incorporates forward-looking statements throughout the which means of the Non-public Securities Litigation Reform Act of 1995, together with, however not restricted to, statements relating to Flywire’s future working outcomes and monetary place, Flywire’s enterprise technique and plans, market development, and Flywire’s aims for future operations. Flywire intends such forward-looking statements to be lined by the secure harbor provisions for forward-looking statements contained in Part 21E of the Securities Alternate Act of 1934 and the Non-public Securities Litigation Reform Act of 1995. In some instances, you may determine forward-looking statements by phrases resembling, however not restricted to, “imagine,” “might,” “will,” “doubtlessly,” “estimate,” “proceed,” “anticipate,” “intend,” “may,” “would,” “challenge,” “goal,” “plan,” “anticipate,” or the unfavorable of those phrases, and related expressions supposed to determine forward-looking statements. Such forward-looking statements are based mostly upon present expectations that contain dangers, modifications in circumstances, assumptions, and uncertainties. Vital elements that might trigger precise outcomes to vary materially from these mirrored in Flywire’s forward-looking statements embrace, amongst others, the elements which are described within the “Threat Components” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” sections of Flywire’s Annual Report on Type 10-Okay for the 12 months ended December 31, 2023, and Quarterly Report on Type 10-Q for the quarter ended September 30, 2024, that are on file with the Securities and Alternate Fee (SEC) and obtainable on the SEC’s web site at  https://www.sec.gov/. The data on this launch is offered solely as of the date of this launch, and Flywire undertakes no obligation to replace any forward-looking statements contained on this launch on account of latest info, future occasions, or in any other case, besides as required by regulation.

eSchool News Staff
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