Lincoln, Neb. (PRWEB) February 12, 2013
FACTS Management Company, a division of Nelnet, Inc., of Lincoln, Neb., and the nation’s leading provider of financial services to nearly 6,500 private and faith-based schools, has become a charter member of the newly formed Corporate Circle of the National Business Officers Association.
NBOA, a professional organization for the business officers of the nation’s independent and private schools, has more than 975 member schools with a combined enrollment of more than a quarter-million students. The Corporate Circle, now the highest level of NBOA sponsorship, is being kicked off with seven charter corporate members, including FACTS.
“The work that NBOA does to serve business officers and the independent school community would not be possible without the support of Business Partner members like FACTS and others. They have committed at an outstanding level of support this year,” said NBOA Executive Director Jeff Shields, FASAE, CAE. “We thank them for assisting us with the launch of the Corporate Circle by stepping up and helping us advance our mission through our programs and services. FACTS is not just supporting NBOA through their actions—they are supporting world-class business operations at independent schools nationwide.”
“FACTS is excited about entering this higher level of support and commitment to NBOA,” said Jim Owens, FACTS National Sales Manager. “Only a few business partners qualified for this recognition. We are honored that NBOA recognizes our position as a technology leader in the independent school industry.”
A Technology Leader
FACTS Management Company provides tuition management, payment processing, financial aid assessment and online donor management to private schools. FACTS’ industry-leading technology empowers schools to do business the right way.
A top concern of school business officers is keeping up with the technologies available to manage their schools. NBOA, in pursuing its motto of “advancing business excellence in independent schools,” focuses especially on financial and operational solutions.
That makes NBOA and FACTS a perfect fit. FACTS is the industry leader in technology solutions for private and faith-based schools. Several things draw schools to FACTS Management, including the testimonials of so many schools that have saved money, reduced paperwork and minimized administrative headaches by using FACTS’ products and services.
Business Officers Want Safe, Secure Processes
FACTS has been an NBOA sponsor since the association’s founding in 1998. Corporate Circle membership is now the premier level of NBOA sponsorship.
In an age of free-flowing data, credit card fraud and identity theft, one of the chief concerns of business officers of private schools is that their service providers deliver the utmost accuracy, integrity and security. One reason FACTS is the leader in providing financial services to private schools is that it has met the stringent certifications and compliances governing the industry.
FACTS is SSAE 16 Audited, which means all of its financial reporting systems are audited annually according to the exacting standards of the American Institute of CPAs.
FACTS is also PCI DSS Level 1 Compliant, meaning that its credit card processes measure up to the rigid requirements set by the major credit card associations in their Payment Card Industry Data Security Standards.
FACTS is also “Red Flags Ready,” meaning FACTS is in full compliance with the Federal Trade Commission’s Red Flags Rules combating identity theft.
A private school wants absolute assurance that when a service provider is managing tuition payments from students’ families, the process is safe and secure. FACTS delivers that kind of assurance and has the validations to prove it.
Being in the NBOA Corporate Circle means FACTS is a key sponsor of the NBOA Annual Meeting, including the upcoming event in Philadelphia in February, the Strategic Leadership Forum each November, Winter and Spring Webinar Series, and the NBOA Membership and Scholarship program to bring more independent schools into the association.
About FACTS Management Company
FACTS, http://www.factsmgt.com, a division of Nelnet, Inc., of Lincoln, Neb., is committed to making educational dreams possible for families and students as well as enhancing the financial stability and affordability of educational institutions. FACTS serves more than one million families at nearly 6,500 schools and manages $4.9 billion in tuition funds annually. FACTS offers a comprehensive suite of services including tuition management, payment administration and processing, financial needs assessment and fundraising solutions.