Business Fintech News

ClassWallet Expands its Financial Spending Management Platform into School Maintenance and Custodial Market with MaintenanceWallet

ClassWallet Expands its Financial Spending Management Platform into School Maintenance and Custodial Market with MaintenanceWallet

Enables K-12 Maintenance Crews and Custodians to Purchase Supplies While Providing School Operations Managers with Complete Oversight via a Streamlined and Paperless Tool

Financial technology platform provider ClassWallet has expanded its popular classroom spending management platform to support the needs of K-12 school maintenance and custodial staff.

Read More: 2021 Ushers In One Of The Biggest Innovations For The Payroll Industry: DailyPay’s Off-Cycle Payroll Solution

Called MaintenanceWallet, the new financial solution enables school maintenance crews and custodial staff to purchase supplies needed to close work orders, while providing facilities managers with complete oversight and eliminating paperwork.

MaintenanceWallet supports school employees responsible for making the day-to-day transactions for facilities management, including but not limited to plumbing, electrical, structural, fleet and cleaning needs.

“We’re making it easier for school employees charged with maintaining school facilities to obtain the supplies they need while automating the reconciliation of their day-to-day spending in a completely paperless manner,” said Jamie Rosenberg, CEO and co-founder, ClassWallet. “It is the only solution on the market designed specifically for K-12 maintenance payment management and bridges an important gap between the facilities and business departments.

Read More: Ask Kodiak and Vertafore Announce Partnership

“MaintenanceWallet is an outgrowth of our TeacherWallet solution which helps teachers to acquire the classroom supplies they need without having to lay out cash, obtain a purchase card or deal with the hassle of paperwork. School districts around the country asked us to provide a similar efficient solution for their maintenance employees.”

How It Works

MaintenanceWallet works like an open purchase order but eliminates the manual reconciliation and payment processing on the backend. It allows employees to charge a purchase to work orders, cost centers and expense categories. Maintenance and custodial crews remit receipts with work order and data from their mobile devices and administrators get fully automated tracking and backup documentation of every transaction in real time.

Other capabilities include an integrated ecommerce feature that includes popular stores for facilities management such as Amazon, Home Depot and Lowes. MaintenanceWallet automates the pre-approval workflow, reconciliation and settlement for ecommerce transactions as well.

Read More: HiddenLevers Introduces Model Improvement Workflow, a Breakthrough for Asset Manager Tech

Related posts

CoverGo helps American Insurance Firms Go Digital With Its No-Code Technology

Fintech News Desk

LendingTree Adds Funding Circle to Its Marketplace Network of SMB Lenders And Products

Business Wire

Pay by Bank Account? Worldpay from FIS Enables Instant Payments from Your Bank Account through Open Banking Hub

Fintech News Desk
1