For more than 20 years, FACTS has provided tuition management services, financial-needs assessment, and information management for K-12 private and faith-based schools. We've pioneered the use of automatic budgeted payment plans and Web-based information technology that not only alleviates paperwork and labor for administrators; it also enhances the security of your patrons' information. Electronic transmission of data allows your customers to arrange for payment plans and other services without the use of paper forms containing private personal and financial information and voided checks -- all of which can fall into the wrong hands.
Our secure, online payment plan enrollment helps students and their families pay tuition and fees and establish payment plans electronically. It gives your payers a quicker, more secure and accurate form of submitting tuition payment agreement information. The system also allows payers to enroll in a budgeted tuition payment plan instantly, at any hour, from any computer connected to the Internet. By clicking a link on your institution's Web site, payers connect to a convenient, user-friendly Web site, which allows them to submit the necessary payment plan information directly to FACTS. Our online payment plan enrollment system features user edit checks to prevent users from entering invalid information. Simply stated, the online enrollment system is safer and more secure than paper enrollment forms. To find out more, visit https://nbs.webex.com. Look for a session named "K12 e-Cashier Overview." Click on the session name and register for the session. To view additional future sessions, click on the Upcoming Tab.
One way of getting further reassurance that your organization's information is treated appropriately is to ask for a copy of an auditing report from an independent, qualified firm attesting to the fact that your service providers have the proper internal controls in place to handle your business and information properly. FACTS has proven itself as just such a trustworthy partner to educational institutions. We've undergone rigorous service-organization audits, referred to as SAS 70 audits, and have repeatedly received unqualified positive opinions from the auditors.
The SAS 70 report means that a service organization has been through an in-depth audit of its control activities, including those relative to security and information technology. Also, your institution is ultimately responsible for your service organizations' information security under privacy laws such as the Gramm-Leach-Bliley Act. You have objective assurance that FACTS has reasonable controls in place to prevent security breaches and that controls have been tested.
FACTS can help your school lock down the sensitive data you collect. Keep an eye out for future announcements about even more advanced new tools we will be unveiling to help your school collect and maintain information safely and securely.