GIVING FINANCE A VOICE

THE IMPORTANCE OF A PAYMENT ACCEPTANCE STRATEGY

Universities, because of their complexity and size, can often have a piecemeal and inconsistent approach to taking payments.

A Payment Acceptance Strategy can be an effective way to define and communicate the institution’s aims and plans around accepting payments, and ensure the right resources are made available to implement, measure and continually improve this vital part of the business.

This paper aims to guide an institution through the development plan, helping to define:

• Why you need a Payment Acceptance Strategy
• How you go about developing a Payment Acceptance Strategy
• What success looks like