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Flywire and iSAMS integrate to simplify reconciliation for schools

Source: Flywire

Flywire, a provider of vertical payment and receivables solutions for businesses and institutions, today announced a new integration partnership with iSAMS, a 100% web-based school management and integrated accounting solution. Flywire will integrate its comprehensive payment and receivables platform for Education with the iSAMS iFinance solution, streamlining international payments for K-12 students and their families while simplifying reconciliation for schools.

iSAMS is a web-based management information system that serves school staff, students and student families. Its iFinance solution brings academic, well-being, admissions, administrative and fee billing capabilities together with a cloud-based accounting system, helping schools eliminate unnecessary duplication of work and reduce costly mistakes. Flywire’s platform is the industry standard for international education payments and receivables, offering students and families a transparent, convenient and secure payment experience - customized by business, country, and currency - while accelerating funds flow and streamlining operational processes for school finance and bursar offices.

The Flywire/iFinance integration offers iSAMS schools and student families a number of important advantages including:
• Seamless international payment options with local currency preferences in over 240 countries;
• Automated matching and posting of inbound bank transfers and payments;
• Elimination of surprise fees and under- and over-payments;
• 24/7 multilingual customer support and service around the world via chat, email and phone; and
• Robust fraud protection for both schools and students.

The integration solution is available in EMEA.

“We are very excited to extend our partnership with Flywire. As a globally recognised and trusted payment solutions provider, they’re renowned for solving complex payment challenges with their robust, fast and secure solution. Through this recent integration with them, we will enable our schools to confidently and seamlessly receive payments from international student families - all through an all-in-one, full integrated MIS and accounting solution.” said Rae Percy Jackson, Integrations Manager at iSAMS.

“iSAMS is a very well-respected solution within our client base and really the backbone for management and administration at many K-12 schools in the UK and across Europe,” said Sharon Butler, Executive Vice President, Global Education, at Flywire. “With our integration, users can leverage the full capabilities of both solutions to enable a seamless, end-to-end payment experience while streamlining the reconciliation process on the receiving end.”

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