Revolutionizing Education Through Collective Engagement
Honor envisions a world in which all people, regardless of their circumstance, have access to a learning environment that fosters creative and critical thinking, community, and citizenry.
Honor Education is a teaching and learning platform with a suite of tools that delivers transformational education for colleges, universities, and corporations.
Navigating Complex Remittance Landscapes
Their business model entails collecting payments from educational institutions and remitting a per course fee to course publishers, presenting a complex remittance challenge.
Opting for Tabs Over Native QuickBooks Solutions
While QuickBooks Online served as a solid general ledger for Honor Education, it fell short in supporting their complexB2B billing needs. Tabs addressed these challenges with its:
- Contract Ingestion: Automatically capturing key contract terms, ensuring no details were overlooked.
- Invoice Scheduling: Automating invoice schedules from contract terms, reducing manual effort and ensuring timely invoicing.
- Dynamic Billing: Aligning invoice amounts with usage data, invaluable for Honor Education’s per course fee model.
- Specialized Reconciliation: Tailored for B2B complex contract billing, making remittance to course publishers seamless. Efficiency Boost: Eliminating manual invoice creation, streamlining workflow.
- Faster Collections: Ensuring accurate and timely invoicing for quicker payments.
- Enhanced Flexibility: Adapting to Honor Education’s evolving needs without major overhauls, supporting their growth seamlessly.
tabs not only automated Honor Education’s contract-to-cash workflow but also provided a solution well-suited to handle the intricacies of their B2B billing and remittance needs.