BOSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) — Flywire Company (Flywire) (Nasdaq: FLYW), a worldwide funds enablement and software program firm, has introduced a strategic partnership with Blackbaud (NASDAQ: BLKB), the main supplier of software program for powering social influence. Flywire will develop into a most popular fee technique for worldwide college students who pay their tuition and different associated bills to Blackbaud’s Okay-12 college prospects in america. Incorporating Flywire into Blackbaud’s Tuition Administration platform allows a seamless fee expertise for college kids and helps non-public and impartial colleges streamline incoming funds, together with tuition and enrollment charges, from college students worldwide.
To spice up worldwide pupil enrollment, Okay-12 boarding colleges and impartial colleges are enhancing their recruitment and retention methods, from adopting digital outreach instruments, to growing help providers for college kids, to diversifying their recruitment efforts. Faculties are additionally trying to improve their fee processes to scale back any boundaries to enrollment. A seamless funds expertise that simplifies foreign money conversion and cross-border transactions is especially engaging to worldwide households paying high-cost Okay-12 colleges. Moreover, colleges that supply versatile fee plans and safe fee strategies could make themselves extra accessible to a wider viewers, which can improve enrollment charges, notably amongst worldwide and non-local college students.
A number one software program supplier for the Okay-12 market, Blackbaud acknowledges the significance of streamlining the fee course of for worldwide college students and colleges. Tuition funds can vary from $4,200 to larger than $29,000 yearly for secondary colleges in america, and college students and households would historically must depend on worldwide wires and bank cards, which might include complexity, lack of visibility into funds made, and excessive charges. With Flywire built-in into the Blackbaud Tuition Administration platform, colleges can present real-time, safe and on-line fee processing performance for households, whereas sustaining the present dependable reconciliation course of colleges use with Blackbaud at present.
Faculties that use Blackbaud may also profit from Flywire’s out-of-the-box integration and around-the-clock multilingual help. This turnkey integration ensures tightly linked fee processing inside the Blackbaud system. Each front-end and back-end customers will profit from simply accessing up-to-date stability and fee standing in actual time.
“As a trusted associate to Okay-12 impartial colleges, we’re at all times listening to our shoppers and discovering methods to innovate to make their colleges run extra successfully and effectively,” mentioned Mark Davis, vice chairman, training merchandise, Blackbaud. “Our Flywire integration will assist simplify worldwide funds from worldwide households, which ought to enhance worldwide pupil enrollment for our prospects.”
“As Flywire continues to serve the Okay-12 training market, we’re thrilled to associate with Blackbaud who brings significant relationships and a big footprint within the Okay-12 training sector within the U.S,” mentioned Sharon Butler, EVP and GM of International Training, Flywire. “By means of our highly effective, seamless integration, we’re capable of ship distinctive fee experiences for college kids and colleges alike – and we’re dedicated to constructing on this basis because the partnership continues.”
About Flywire
Flywire is a worldwide funds enablement and software program firm. We mix our proprietary world funds community, next-gen funds platform and vertical-specific software program to ship a very powerful and sophisticated funds for our shoppers and their prospects.
Flywire leverages its vertical-specific software program and funds expertise to deeply embed inside the present A/R workflows for its shoppers throughout the training, healthcare and journey vertical markets, in addition to in key B2B industries. Flywire additionally integrates with main ERP methods, resembling NetSuite, so organizations can optimize the fee expertise for his or her prospects whereas eliminating operational challenges.
Flywire helps greater than 4,000* shoppers with various fee strategies in additional than 140 currencies throughout 240 nations and territories around the globe. Flywire is headquartered in Boston, MA, USA with world places of work. For extra info, go to www.flywire.com. Comply with Flywire on X (previously often called Twitter), LinkedIn and Fb.
*Excludes shoppers from Flywire’s Invoiced acquisition
Secure Harbor Assertion
This launch accommodates forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995, together with, however not restricted to, statements concerning Flywire’s future working outcomes and monetary place, Flywire’s enterprise technique and plans, market development, and Flywire’s aims for future operations. Flywire intends such forward-looking statements to be coated by the protected harbor provisions for forward-looking statements contained in Part 21E of the Securities Alternate Act of 1934 and the Non-public Securities Litigation Reform Act of 1995. In some instances, you possibly can determine forward-looking statements by phrases resembling, however not restricted to, “consider,” “could,” “will,” “doubtlessly,” “estimate,” “proceed,” “anticipate,” “intend,” “may,” “would,” “challenge,” “goal,” “plan,” “anticipate,” or the unfavorable of those phrases, and related expressions meant to determine forward-looking statements. Such forward-looking statements are based mostly upon present expectations that contain dangers, adjustments in circumstances, assumptions, and uncertainties. Vital components that would trigger precise outcomes to vary materially from these mirrored in Flywire’s forward-looking statements embody, amongst others, the components which can be described within the “Danger Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” sections of Flywire’s Annual Report on Type 10-Okay for the 12 months ended December 31, 2023, and Quarterly Report on Type 10-Q for the quarter ended September 30, 2024, that are on file with the Securities and Alternate Fee (SEC) and accessible on the SEC’s web site at https://www.sec.gov/. The data on this launch is offered solely as of the date of this launch, and Flywire undertakes no obligation to replace any forward-looking statements contained on this launch on account of latest info, future occasions, or in any other case, besides as required by regulation.
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