3 Important Financial Features for Sports Organizations
One of the most stressful aspects of managing a sports organization is the financial side. Payments, fees, processes, installments, refunds, and more. The more organized these processes are, the easier it can be to manage. We’ve put together a few financial features we think all sports organizations should have in their technology.
Your organization’s needs are unique, so a system with heavy flexibility is key. With that flexibility you’ll be able to customize important things such as different fees for different events, or different payment methods.
Demosphere’s flexible system also includes helpful financial features such as unlimited discount codes and accounting codes, which can be tied to fees and programs – making reporting easier.
We know reliable and accurate reporting can be hard to come by, which is why our report building tool is also highly customizable. With numerous filtering options, access reports that will give you useful, actionable data for the various members of your team.
Automatic Installment Plans
The more automated your financial tools are, the easier it is to manage payments. Your system should have several key ways to set up payment plans for registrations: custom dates, auto-reminder messaging, and auto-notifications for failed payments to name a few. With this kind of automation, players, parents, and coaches will have the ability to self-manage payments and orders.
Being able to customize installment plans for individual families is also important. As situations may change, it’s helpful to be able to edit dates, adjust the amounts due, and create automated notifications.
Financial Aid Tools
One of the most important features your financial system should have is the ability to create financial aid programs. These tools not only make registration more accessible for your community, but help bring down barriers to sports.
Demosphere’s tools allow for customizing financial aid options by program, to include custom messaging, payment plans, auto notifications, secure data and document collection, and tracking financial information.
We’re ready to make managing your next season a breeze with financial features you need for your sports organization.
Upcoming Live Demo:
Tools for Reporting
July 14 3pm EST