PEX for Educational Organizations

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Download the PEX Educational Spend Management Guide

Learn more about PEX as a financial operations solution for educational organizations.

Thank You

Click below to download the PEX Educational Expense Management Guide
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Now it’s easier and less time consuming to distribute funds and track spending.

From student clubs and events to books and classroom supplies, PEX helps keep every program on budget, and delivers the paperwork to prove it. Universities, charter schools and multi-site facilities—all use PEX to support a wide range of spending needs.

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More convenient than cash and checks

With PEX, you deposit a pool of money into an account where your funds are FDIC-insured through The Bancorp Bank; Member FDIC, and use the underlying PEX technology to:

  • Directly fund and defund cards, or automate the process
  • Receive instant alerts every time a card is used or declined
  • Spare teachers, students and others from waiting for reimbursement
Better control over how money is spent

PEX can help you ensure that every penny in your budget is spent the way it’s supposed to be. With PEX, you can:

  • Limit card usage to specific merchant categories and budgets
  • Create separate rules for individual cards or groups of cards
  • Override rules or authorize single purchases, through a mobile app
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Simplifies allocations and reconciliations

PEX works with your General Ledger codes and integrates with most accounting software. The system automatically:

  • Captures receipts through camera on cardholder’s smartphone
  • Allocates transactions to programs, departments, grants, etc.
  • Updates approved transactions to your accounting software

See how PEX improves the way educational institutions enable and track spending.

< Back

Download the PEX Educational Spend Management Guide

Learn more about PEX as a financial operations solution for educational organizations.

Thank You

Click below to download the PEX Educational Expense Management Guide

< Back

Contact a Rep

Send us a short message with your needs and we’ll get back to you in 1-2 business days.

Please select the best date and time for a call back

Thank You

We received your message and we'll contact you soon.

Customer Story

Education

A university campus replaced checks and petty cash with PEX to balance oversight and independence for more than 60 student clubs and organizations.
Challenges

Students couldn’t purchase online with checks and many offline vendors would not accept them.

Students had to return leftover funds and they often lost receipts.

It could take students two weeks to get a single purchase approved

Solutions

PEX Cards work where Visa debit cards are accepted; admins can transfer funds without writing and distributing checks.

Administrators can remove unspent funds from cards and cardholders submit receipts through the PEX mobile app.

Card restrictions help ensure that every purchase falls into an authorized category, minimizing the need for individual approvals.

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No two schools are alike.
What can we do for yours?

Send us a short message and we’ll get back to you in 1-2 business days.

Thank You

We received your message and we'll contact you soon.