Digital Wallets Offer an Easy, Safe, More Secure Way to Purchase Over P-Cards in K-12 Education 

From Atlanta to Anchorage, thousands of K-12 school districts across the United States have implemented purchasing cards to help streamline and simplify the procurement process. School districts distribute purchasing cards to pay for small-dollar purchases, travel, and day-to-day expenses. In one study by DiamondMind credit card company, purchase card users stated a 77% savings when transitioning from purchase order processes to purchasing cards. The reality is that while simple to implement, users are often trading simplicity with additional headaches managing compliance, controlling purchases, chasing down receipts, and managing fraud.

The next generation of purchase cards is a digital wallet solution.

Rather than continue with purchasing cards to manage day-to-day purchases, innovative K-12 school districts are transitioning to digital wallet solutions. Providing the simplicity of a purchase card but with expanded controls, purchasing options, and compliance, digital wallet solutions help school districts track, pay, and report on day-to-day purchases with efficiency savings of up to 90% over traditional accounts payable practices. 

The transformation to digital wallets in Louisiana has added compliance and peace of mind to Ascension Parish Public Schools District. “The digital wallet solution helped us eliminate all the paper and the vast majority of the labor. I’m not even sure it needs to be audited anymore by an outside auditor because of how it works and all the controls in place,” said Dianne Allison, former Business Service Director of the district . “Teachers are not going to buy the proverbial Diet Coke when they’re checking out or purchase something that’s not allowed, which was happening in our district before digital wallet solutions.”

ClassWallet, the leading digital wallet for K-12 school districts. 

Used by 27 states across 6,200 schools serving 4.1 million students, ClassWallet offers sophisticated oversight, reconciliation, and reporting tools giving K-12 school districts  better accountability and improved efficiency. And, we help give finance and business officers peace of mind, too. 

• Set a budget and control costs with transparency
• Distribute a wallet for each of the school district users
• Users can shop with pre-approved vendors, or
• Use the ClassWallet marketplace of 70+ leading suppliers
• Track every purchase with real-time reports