ClassWallet has been awarded a five-year contract from the Utah State Board of Education (USBE) to implement its innovative spending management platform for local teachers and their school districts.
The ClassWallet financial technology platform enables USBE to provide teachers in all/select school districts with small discretionary budgets, on average $200 each, to purchase classroom supplies while maintaining accountability of expenditures and processing reimbursements with minimal paperwork and bureaucracy. The system will be up and running in time for the 2020-2021 school year.
The contract award followed a rigorous RFP evaluation process and the completion of a ClassWallet pilot program during the 2019 – 2020 school year in which ClassWallet served several school districts and a charter district. Previously, the company had served about a third of Utah’s schools by contracting with them on an individual basis.
“We had the opportunity to evaluate the performance and efficiency of the ClassWallet platform based on a recently completed pilot program and formal evaluation period,” said Utah State Board of Education’s Deputy Superintendent of Operations Scott Jones. “We’re confident that ClassWallet’s platform will reduce the time and effort teachers and Local Education Agency personnel spend on the administration of finances so they can concentrate on classroom instruction.”
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