SchoolFunds-Online
By kev group
SchoolFunds-Online is a comprehensive school financial management software solution developed by KEV Group. It is designed to meet the unique financial needs of K-12 public schools, offering integrated online payments, fee management, lunch payments, school-level accounting, and digital forms management.
Founded: KEV Group was established in 1996 by Kim Vivian-Downs and Evelyn Eagle, who were school bookkeepers seeking to automate and streamline school financial processes.
Growth: The company has experienced significant growth over the years:
By 2018, KEV Group was serving over 8,500 schools across North America.
In 2018, KEV Group acquired TRA Inc., expanding its reach to over 16,500 schools.
In September 2018, KEV Group received a minority investment from Serent Capital, a San Francisco-based private equity firm.
The company is part of a market with an estimated addressable value of $1.4 billion in the legal vertical alone.
SchoolFunds-Online offers a range of features designed for K-12 school financial management:
Online Payments: Secure system for parents to pay school fees, activities, and lunches.
Fee Management: Comprehensive management of school fees.
Lunch Payments: Integrated system for managing lunch payments.
School-Level Accounting: Tools for tracking and managing cash at the school level.
Digital Forms: Capability to create and manage digital forms.
Reporting: Robust reporting tools for financial oversight and audit trails.
November 2018: Acquired TRA Inc., expanding its U.S. presence and customer base.
TimeSolvPay: A payment solution to automate receivables and increase collection rates.
Enhanced data migration capabilities.
Improved integration with accounting software like Xero.
Addition of task to-do lists and split billing features.
Expanded tracking and reporting capabilities for district-level users.
Customer-centric approach: Focusing on meeting the unique needs of K-12 schools.
Innovation: Continuously evolving products to benefit customers.
Integrity: Commitment to ethical business practices and data security.
User Base: Over 22,000 schools across North America.
Community Engagement:
Provides resources such as success stories, blogs, and press releases.
Offers comprehensive support, including a knowledge base, instructional articles, and videos.
