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 influence. Flywire will change into a most popular cost technique for worldwide college students who pay their tuition and different associated bills to Blackbaud’s Ok-12 faculty clients in the US. Incorporating Flywire into Blackbaud’s Tuition Administration platform permits a seamless cost expertise for college students and helps personal and unbiased colleges streamline incoming funds, together with tuition and enrollment charges, from college students worldwide.
To spice up worldwide scholar enrollment, Ok-12 boarding colleges and unbiased colleges are enhancing their recruitment and retention methods, from adopting digital outreach instruments, to rising help providers for college students, to diversifying their recruitment efforts. Colleges are additionally seeking to improve their cost processes to scale back any obstacles to enrollment. A seamless funds expertise that simplifies forex conversion and cross-border transactions is especially engaging to worldwide households paying high-cost Ok-12 colleges. Moreover, colleges that provide versatile cost plans and safe cost strategies could make themselves extra accessible to a wider viewers, which can enhance enrollment charges, significantly amongst worldwide and non-local college students.
A number one software program supplier for the Ok-12 market, Blackbaud acknowledges the significance of streamlining the cost course of for worldwide college students and colleges. Tuition funds can vary from $4,200 to larger than $29,000 yearly for secondary colleges in the US, and college students and households would historically have to 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, colleges can present real-time, safe and on-line cost processing performance for households, whereas sustaining the present dependable reconciliation course of colleges use with Blackbaud right this moment.
Colleges that use Blackbaud can 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 associate to Ok-12 unbiased colleges, we’re all the time listening to our purchasers and discovering methods to innovate to make their colleges run extra successfully and effectively,” stated Mark Davis, vice chairman, 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 Ok-12 schooling market, we’re thrilled to associate with Blackbaud who brings significant relationships and a big footprint within the Ok-12 schooling sector within the U.S,” stated Sharon Butler, EVP and GM of International Schooling, Flywire. “By means of our highly effective, seamless integration, we’re capable of ship distinctive cost experiences for college students and colleges 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 crucial and complicated funds for our purchasers and their clients.
Flywire leverages its vertical-specific software program and funds expertise to deeply embed throughout the present A/R workflows for its purchasers throughout the schooling, healthcare and journey vertical markets, in addition to in key B2B industries. Flywire additionally integrates with main ERP techniques, equivalent to NetSuite, so organizations can optimize the cost expertise for his or her clients whereas eliminating operational challenges.
Flywire helps greater than 4,000* purchasers with numerous cost strategies in additional than 140 currencies throughout 240 nations and territories around the globe. Flywire is headquartered in Boston, MA, USA with international workplaces. For extra info, go to www.flywire.com. Observe Flywire on X (previously often known as Twitter), LinkedIn and Fb.
*Excludes purchasers from Flywire’s Invoiced acquisition
Secure Harbor Assertion
This launch comprises forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995, together with, however not restricted to, statements concerning Flywire’s future working outcomes and monetary place, Flywire’s enterprise technique and plans, market progress, and Flywire’s aims for future operations. Flywire intends such forward-looking statements to be lined by the protected harbor provisions for forward-looking statements contained in Part 21E of the Securities Trade Act of 1934 and the Personal Securities Litigation Reform Act of 1995. In some instances, you possibly can establish forward-looking statements by phrases equivalent to, however not restricted to, “imagine,” “might,” “will,” “doubtlessly,” “estimate,” “proceed,” “anticipate,” “intend,” “might,” “would,” “undertaking,” “goal,” “plan,” “anticipate,” or the unfavourable of those phrases, and comparable expressions meant to establish forward-looking statements. Such forward-looking statements are based mostly upon present expectations that contain dangers, modifications in circumstances, assumptions, and uncertainties. Essential elements that might trigger precise outcomes to vary materially from these mirrored in Flywire’s forward-looking statements embody, amongst others, the elements which are described within the “Threat Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” sections of Flywire’s Annual Report on Type 10-Ok 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 Trade Fee (SEC) and out there on the SEC’s web site at https://www.sec.gov/. The knowledge on this launch is supplied 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 recent info, future occasions, or in any other case, besides as required by legislation.
eSchool Media employees cowl schooling expertise in all its elements–from laws and litigation, to finest practices, to classes realized and new merchandise. First revealed in March of 1998 as a month-to-month print and digital newspaper, eSchool Media offers the information and knowledge vital to assist Ok-20 decision-makers efficiently use expertise and innovation to remodel colleges and faculties and obtain their academic targets.