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Digital Wallet Funds
Our digital wallet funds work like “gift cards” for your team (ex. store credits, account funds, gift cards or certificates, etc. all of these are essentially the same thing). Your team can simply use the digital wallet funds as a “payment method” when you share your digital funds for them to EASILY enroll anytime.
Digital wallet funds are simple since we assign a monetary value “credit” to your account and simply deduct it whenever there’s an enrollment (no more hassles with reimbursing employees). It provides a POWERFUL, “all-in-one” solution so you can easily manage enrollments as needed until all of the balance is consumed.
This allows your team to utilize digital wallet funds for their enrollments instead of using their personal credit card and then being reimbursed for training expenses and reduces the amount of paperwork in the Human Resources (HR) departments. Organizations have found this helpful to provide training to their team since you can pre-purchase digital wallet funds and easily ALLOCATE them to their team.
Enrollment Management
Digital Wallet Funds make it effortless to create, issue, and manage everything around your team’s enrollments. If you want to use a “battle-tested” enrollment management solution, then this is it!
How It Works
Digital Wallet Funds Functionality is Different From How “Normal” Payment Methods Work Since They’re Treated as “Real Money” ($$$) so VERY Much Like a Pre-Paid “Gift Card”.
Step 1: Buy Digital Wallet Funds
When you buy a Digital Wallet Funds, it allows you to purchase any specified amount of digital funds ($$$) to easily SHARE with all of your team members for enrollment (review “LCA Management” security options available).
You purchase a wallet balance for whatever specified amount your team needs to use (it is advised to buy only 2 – 3 months “worth of credit”) and NEW funds can be added at anytime (ex. multi-operators will create ones per location, team, etc.).Step 2: Share Digital Funds
After Digital Wallet Funds are purchased, you will have the option to immediately share digital funds with your team (aka “gift to someone else”), and we’ll configure security restrictions to ENSURE that your LCA is not abused.
Our platform sends an email notification with your unique LCA code for your team to pay using Digital Wallet Funds, but you have the option to send it to yourself (aka “send to me”) to CONTROL the sharing of the LCA by adding your custom security.
Step 3: Manage Wallet Funds
Our platform manages Digital Wallet Funds through our UNIQUE online tool that’s available anytime to manage transactions, validate your balance, enable team member enrollments, and monitor the entire organization’s training budget.
When using Digital Wallet Funds, it’ll track training transactions, validate team member enrollments, and maintain precise records of collective teams and each individual training record to manage the overall organization’s training needs.
Step 4: Digital Wallet Funds
Once the Digital Wallet Funds code is shared with your team, they’ll be able to enroll using digital funds as their “payment method” via the “Apply Coupon” field during their enrollment to PAY using your LCA’s available balance.
When the LCA balance is nearing zero ($0), and if the cost to enroll is greater than the current account VALUE, you can buy another LCA to consolidate funds OR use a secondary payment method (ex. credit card) to use your remaining LCA balance.
LCA Management
Make Your Organization’s Enrollments Easy by Skipping Purchase Orders & Approval Processes so You Can EASILY Assign Team Members Credits to Enroll & Effectively Track All Training Expenses.
Pre-Paid Credits
Pre-pay for training using an LCA & then digital funds are deducted from your FUNDS when team members complete their enrollments.
Expense Tracking
Help Human Resources (HR) to forecast their expenses, manage training & TRACK your team’s training costs when using an LCA.
Team Allocation
Allocate and/or create specific funds via teams, Lines of Business (LOB), specific departments, or individual team members to QUICKLY enroll.
Maximize Training
Use an LCA for all of our eLearning solutions & manage enrollments in a way that makes our platform MEET your team’s requirements.
Easily Share Credits
Easily share Digital Wallet Funds with unique & PRIVATE enrollment links that you can add in emails for team members to enroll in our solutions.
Advanced Restrictions
Restrict all Digital Wallet Funds USAGE each team member, specific training, email address match (ex. @yourdomain.com, etc.) & other security options.
Issue Digital Funds
Send Digital Wallet Funds via email instantly so your team enrollments are automated to make the MOST of our Ed-Tech to “up-level” expertise.
One-Click Credits
You don’t need to type codes to use Digital Wallet Funds… SIMPLY click & funds are instantly applied when enrolling in the “background”.
Allowed Emails
Specify exactly what email address(es) can use your Digital Wallet Funds or ONLY allow enrollments from your organization’s specific email domain.
Usage Limit
Control how many times an LCA can be used by each team member before being INVALID for them to ever use it again (“one & done” scenario).
Maximum Spend
The wallet allows you to CONTROL the maximum tuition spending amount allowed by all your team members when using any Digital Wallet Funds.
Training Restrictions
Control what specific pieces of team training you make ELIGIBLE for your Digital Wallet Funds to be applied towards their enrollments.
LCA Use Cases
Discover Typical “Use Cases” to Take Advantage of Our “White Glove” Onboarding Experience From Guiding Countless Teams to ACCELERATE Your Implementation via Our Seamless Solutions.
Employee Onboarding
Our solutions allow team leaders to curate and compile best-in-class compliance training. Effective onboarding makes your new hires feel even more VALUED, better understand their role, increases performance, and higher engagement. Our role is being an “extension of your team” within your organization that helps accelerate your operations by significantly reducing costs, increasing profitability ($$$), and decreasing turnover rates.
Team Registrations
Train your team, maintain recordkeeping, and makes cross-departmental training a breeze so even more work gets done FASTER! Manage your team member’s enrollment(s) to offer conveniences such as the ability to set limits on all team members’ spending ($$$) and to restrict spending to certain training categories. Other features make it possible to track training expenses and allow anyone to enroll whenever it works best for them.
Human Resources (HR)
Finally, one tool for the entire Human Resources (HR) team by making it easy to track compliance training that they will actually use. The biggest PERK is the ease of tracking training expenses, rather than having individuals make any personal charges ($$$) and submit expense reimbursements to the HR team (using us as a partner that’s outside of your core HR team) can easily manage all spend limits, track training budgets and manage risk.
Organization-Wide
Organization-wide reporting tools make it easy to track performance, so you always know which teams are on track and hitting their goals (and which ones might need a little EXTRA encouragement). Compliance varies so much in all jurisdictions for businesses with large, distributed workforces, and all their tracking expenses ($$$) can be challenging. Providing opportunities to learn and seek advancement is critical for keeping your best people.
