Nomysem helps you manage your financial transactions seamlessly, eliminating the margin for error.
You can collect payments using credit card, bank transfer, and cash options, and with the credit card blocking method, you can complete the collection once the planned term is opened.
In case of insufficient demand or if a participant withdraws before the term starts, you can easily process refunds to the credit card, and for future participant cancellations, you can issue partial refunds.
At the end of collection and refund processes, you can calculate the funds collected on a term basis for SEM, coordinators, instructors, and other expenses. Additionally, you can set different hourly rates for lessons based on title and whether they are within or outside of working hours on a term basis.
You can calculate the monthly payment amounts for each instructor based on the criteria set in term accounting, after their monthly lesson completion statements are approved by the instructor, coordinator, and SEM personnel.
With invoice integration, you can complete invoicing for participant payments with a single click, eliminating potential errors and disruptions in the invoicing process.
With financial reporting options, you can obtain detailed reports on various topics such as collections made on a term basis, monthly instructor payments, and SEM revenues, allowing you to track your process end-to-end.