Value
Most studios can purchase and implement Cheer Finance for less than two dollars per student. This money will come right back to you in financial savings introduced when you implement.
Here's what some clients have said:
"I was running my studio on paper and doing a bad job of it. I often would forget to bill a student and I never knew which students were current or who was past due."
Cheer Finance resolves this via automatic billing and excellent reports!
"Last year I had $10,000 in competition entry fees due. It was Spring Break, the studio was closed for a week and I realized I had only collected $3,000 in entry fees. I had to pay out of my own pocket and then wait for the students to return from Spring Break to get reimbursed."
With Cheer Finance's Competition Suite, you can escrow all of the entry fees to ensure the competition fees are paid in advance of your deadline. You can run reports to identify the students who miss an escrow payment and react to bad debt quickly.
"I had so much manual data to key on my old system that I hired part-time help to key in the data. Thanks to Cheer Finance, my keying time has gone from 10 hours to 1 hour and I have no need to hire a staff to do my data entry."
The time you save on keying can now be spent earning money by teaching more classes, working with your team, etc. Cheer Finance will give you the time you need to become more productive!