When a participant attends a group activity or social group, they sometimes have to make a contribution to the costs or for event tickets or entry fees.
These fees can be difficult to coordinate, keep a track of and then bill to the client. This leads to lots of small invoices that accounts receivable teams need to chase up and reconcile. Sometimes the provider ends up not being able to get the money back from the client.
In SpendAble you can now create a 'Service' wallet for a participant. In this wallet, the participant and their guardians will pre-fund a balance for their activity costs.
After the participant attends an activity, your team will put in a group expense in SpendAble and the money will be deducted from their service wallet and credited to your group wallet. This way you are never out of pocket for activity costs again.
This gives providers confidence to pre-buy tickets, run events and pay for things like art supplies and other centre costs knowing the money is available.