Commitment
The EFC Agreement is a two-way commitment. You commit yourself to train the student to the best of your ability and the student agrees to attend every lesson for the duration of the agreement.
This ensures you have a healthy accounts receivable, steadies your cash flow and makes your monthly income predictable, and raises the professional profile of your business.
Our task is to help you focus on developing your business by relieving you of the complexities of collecting student fees. Becoming partners with the Educational Funding Company (EFC) enables you to receive expert guidance and help in dealing with monthly collections, promotional campaigns, client retention, staff training and most of all, generating a substantial contract amount.
Effective billing and collections are an extremely important part of the big picture. The EFC believes billing and constructive consulting go hand-in-hand. Attention to the needs of clients, designing staff training curriculum, scheduling, developing and implementing marketing and management strategies are areas that require all of the business owners’ attention. Leaving the tuition management to EFC guarantees maximum effectiveness by our daily monitoring of all client accounts and the joy of getting a substantial payment transfer each month by virtue of having us as your partner.
The Educational Funding Company relieves you of the time-consuming and awkward task of collecting payment from clients. We consider ourselves experts in this field. The EFC payments management technology is state of the art and we are Direct Debit originators using AUDDIS technology, which is a status only awarded to the most financially sound and well capitalised companies.
For your security we process all collections ourselves. We do not use a third party agent. We use AUDDIS technology which enables us to electronically establish and control Direct Debit Mandates, completely removing time consuming postal services.
EFC is the best in the world at following up on electronic payments, rejections and declines. Your monthly collection is automatically deposited into your account. You will receive a monthly management report which includes valuable statistics and graphics to help you manage your business effectively. You can also check your figures online 24/7, 365 days a year.
Questions to Ask when considering a Billing Company:
Q. Are they a successful business with a long history of expertise in this industry?
A. EFC has been working with Martial Arts academies, dance schools, gymnasiums e.t.c since 1967.
Q. What systems and structures do they have in place to protect my money?
A. EFC is backed by an international structure with off-shore reserves and bank-guaranteed funds for your protection. Our technology uses the latest secure industry platforms to provide you with the security and peace of mind that you expect.
Q. Will I be treated like a number by a clerk who doesn’t understand my business?
A. The EFC Team are highly trained and they understand the challenges you face day to day. Ongoing coaching, suggestions and formal training seminars for business growth form part of the formula for success, which has seen schools around the world grow and prosper even in these tough economic times.
Q. How can I make sure my non-paying students have their debts recovered?
A. Unlike some companies who simply remove your student from their accounts list once they have been unsuccessfully debited twice, EFC pursues your money in a friendly, professional manner, always with your school’s interest at heart. Delinquent students are monitored and contacted dilligently in order to collect payments due.
Q. I want more than someone to manage my accounts – how can I grow my business?
A. We have easily the biggest network of the most successful Martial Arts School owners in the world, all willing and eager to network with you.
We have access to the best legal advice and experience in the Tuition Management industry.
We offer business coaching as part of our service at no extra cost and draw on the best, most current information in Martial Arts from across the globe.
Q. How much will it cost me to have my tuition billed?
A. EFC offers all of the above benefits with very competitive rates from as little as 3% for collections over £15,000 per month.
EFC has been working hard for it’s clients for over forty years and will continue to do so. Our business is built on Rock Solid Integrity, Dependability and Trustworthiness.
