BOSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) — Flywire Company (Flywire) (Nasdaq: FLYW), a worldwide funds enablement and software program firm, has introduced a strategic partnership with Blackbaud (NASDAQ: BLKB), the main supplier of software program for powering social impression. Flywire will grow to be a most popular cost technique for worldwide college students who pay their tuition and different associated bills to Blackbaud’s Ok-12 college prospects in the USA. Incorporating Flywire into Blackbaud’s Tuition Administration platform permits a seamless cost expertise for college kids and helps non-public and impartial faculties streamline incoming funds, together with tuition and enrollment charges, from college students worldwide.
To spice up worldwide pupil enrollment, Ok-12 boarding faculties and impartial faculties are enhancing their recruitment and retention methods, from adopting digital outreach instruments, to growing help companies for college kids, to diversifying their recruitment efforts. Faculties are additionally seeking to improve their cost processes to cut back any obstacles to enrollment. A seamless funds expertise that simplifies foreign money conversion and cross-border transactions is especially engaging to worldwide households paying high-cost Ok-12 faculties. Moreover, faculties 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 faculties. Tuition funds can vary from $4,200 to better than $29,000 yearly for secondary faculties in the USA, 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, faculties can present real-time, safe and on-line cost processing performance for households, whereas sustaining the prevailing dependable reconciliation course of faculties use with Blackbaud in the present day.
Faculties that use Blackbaud will 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 impartial faculties, we’re at all times listening to our purchasers and discovering methods to innovate to make their faculties run extra successfully and effectively,” stated Mark Davis, vp, schooling merchandise, Blackbaud. “Our Flywire integration will assist simplify worldwide funds from worldwide households, which ought to enhance worldwide pupil enrollment for our prospects.”
“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 Training, Flywire. “By way of our highly effective, seamless integration, we’re capable of ship distinctive cost experiences for college kids and faculties alike – and we’re dedicated to constructing on this basis because the partnership continues.”
About Flywire
Flywire is a worldwide funds enablement and software program firm. We mix our proprietary world funds community, next-gen funds platform and vertical-specific software program to ship an important and sophisticated funds for our purchasers and their prospects.
Flywire leverages its vertical-specific software program and funds know-how 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 prospects whereas eliminating operational challenges.
Flywire helps greater than 4,000* purchasers with various cost strategies in additional than 140 currencies throughout 240 nations and territories around the globe. Flywire is headquartered in Boston, MA, USA with world workplaces. For extra info, go to www.flywire.com. Observe Flywire on X (previously referred to as Twitter), LinkedIn and Fb.
*Excludes purchasers from Flywire’s Invoiced acquisition
Secure Harbor Assertion
This launch incorporates 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 development, 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 Alternate Act of 1934 and the Personal Securities Litigation Reform Act of 1995. In some circumstances, you’ll be able to determine forward-looking statements by phrases equivalent to, however not restricted to, “consider,” “might,” “will,” “doubtlessly,” “estimate,” “proceed,” “anticipate,” “intend,” “might,” “would,” “challenge,” “goal,” “plan,” “anticipate,” or the unfavourable of those phrases, and related expressions supposed to determine forward-looking statements. Such forward-looking statements are based mostly upon present expectations that contain dangers, adjustments in circumstances, assumptions, and uncertainties. Vital 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 Components” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” sections of Flywire’s Annual Report on Kind 10-Ok for the yr ended December 31, 2023, and Quarterly Report on Kind 10-Q for the quarter ended September 30, 2024, that are on file with the Securities and Alternate Fee (SEC) and obtainable on the SEC’s web site at https://www.sec.gov/. The knowledge on this launch is offered 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 regulation.
eSchool Media workers cowl schooling know-how in all its elements–from laws and litigation, to finest practices, to classes discovered and new merchandise. First revealed in March of 1998 as a month-to-month print and digital newspaper, eSchool Media offers the information and data needed to assist Ok-20 decision-makers efficiently use know-how and innovation to remodel faculties and schools and obtain their instructional targets.
