New AI-powered platform gives colleges and universities full control over expenses and institutional spend-seamlessly integrated into leading ERP systems for end-to-end automation and visibility.
TORONTO, ONTARIO / ACCESS Newswire / April 29, 2025 / PayMyTuition, a leading provider of next-generation payment solutions for educational institutions, is proud to announce the official launch of its Expense and Spend Management Software, now fully integrated with Ellucian Banner, Ellucian Colleague, PeopleSoft, and Workday ERP systems.
This groundbreaking software delivers a modern, AI-driven approach to expense and spend management, empowering colleges and universities to streamline operations, enforce policy compliance, and gain real-time visibility into spending-while delivering a seamless experience for faculty and staff.
Redefining Expense and Spend Management for the Education Sector
PayMyTuition's latest solution is purpose-built for higher education, providing institutions with flexible, configurable tools that adapt to their specific policies and workflows-now with unbeatable ERP connectivity for a fully unified finance ecosystem.
Key Features of the Expense Management Software:
Future-Ready Functionality
Automate and simplify the entire expense lifecycle, from receipt capture to reimbursement, all while ensuring policy compliance and financial visibility.Adaptable Expense Operations
Easily configure multi-level approval workflows tailored to your institution's spending rules and operating structures.Instant Receipt Scanning with OCR
Automatically extract critical data from digital or paper receipts using advanced optical character recognition (OCR) technology.Robust Analytics & Reporting
Drill down into spend data with intuitive dashboards and real-time reports to uncover savings, identify trends, and improve decision-making.Effortless ERP Integration
Fully integrated with leading systems like Ellucian, PeopleSoft, and Workday for seamless data synchronization across finance, accounting, and reimbursement platforms.Fast, Secure Reimbursements
Ensure timely and compliant employee reimbursements through automated and secure payment workflows.Expert Support & Consultation
Gain access to solution specialists who offer continuous support, custom configuration, and optimization strategies.
Complete Spend Management - From Requisition to Reimbursement
PayMyTuition's Spend Management Software complements its expense solution with full-cycle capabilities that simplify spend approvals, and ensure operating and approvals alignment-helping institutions achieve up to 20% savings on spend programs.
Spend Platform Highlights:
Requisition Approvals
Enforce requisitions with approval workflows that align with department-level goals and spend limits.Advanced Expense Controls
Map dynamic rules to your organization's spend policies with customizable auto-approval logic and compliance checkpoints.Unified Spend Visibility
Gain a holistic view of all institutional spend-payables, expenses, and receipts - in one centralized dashboard.
A Future-Ready, Connected T&E Ecosystem
"Our new Expense and Spend Management Software brings much-needed automation, control, and intelligence to higher education institutions," said Arif Harji, Chief Market Strategist at PayMyTuition. "By integrating directly into the ERPs that colleges and universities already use, we're delivering a truly connected and future-ready solution that simplifies compliance, reduces spend, and improves operational efficiency."
With this launch, PayMyTuition continues to lead the transformation of financial workflows in higher education - equipping institutions with smart tools to streamline back-office processes and drive long-term value.
About PayMyTuition
PayMyTuition is a leading provider of global payment and financial technology solutions tailored for educational institutions. With cutting-edge solutions for tuition payments, accounts payable, expense management, and spend automation, PayMyTuition helps colleges and universities operate with efficiency, security, and transparency.
Media Contact:
Media Relations, PayMyTuition
media@paymytuition.com
www.paymytuition.com
Contact Information
PayMyTuition Media Relations
media@paymytuition.com
SOURCE: PayMyTuition
