The revenue model of a
sports club is entirely dependent on continual stream of player subscriptions
which may sound plain and simple to begin with, but has its set of challenges.
When a player joins in, they occupy a place at the beginning of the season, but
if they drop out for whatever reason, there’s a void and defaulted payment.
Then there’s chasing after fee payments and the dilemma of student scholarships
etc.
InstaTeam’s payments
feature makes a coach’s and admin’s life easier by automating the process. It
send out automatic reminders for due fees, accepts payments and maintains
records of payments. Here are some billing best practices that can inspire you
to create a seamless billing experience for your clients.
· InstaTeam app. allows users to make digital payments. Yet there
will be some parents who would not be able to pay digitally for some reason. In
such a case, admin may have to make manual entry to keep the records for each
player updated.
·
One-to-one interaction for cash payments can have communication
issues. Make sure you record the payment and receipt in writing. A good way to
make a record of such transaction is my writing acknowledgement via email,
confirmation via email etc. Just to be on the safer side, avoid text messages
regarding cash payments, and communicate via email. With cheque, card and net
banking payments, email is not really a requirement.
·
InstaTeam is technologically advanced to be able to deliver
customized billing experience to each clients’ unique needs in a fast-paced. This
feature can be used to create additional opportunities of engaging customers
and boosting loyalty.
Remember
communication is the key. For any payments related issue, or questions, please
feel free to mail us your concern, and we will get in touch with you. You can
write to us on info@instateam.net and we’ll be in
touch.
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