Enhancing Your Revenue Management with Spedsta’s Financial Accounting Features

In this tutorial, we’ll discuss how SPEDSTA can help your organization become more self-funded. Here are some practical strategies for organizations providing transportation to special needs, elderly, and disabled communities:

1. Donation Requests: While many riders can’t pay for their rides, about 2-5% can. SPEDSTA allows you to send custom invoices to riders and their families, showing the value of the services provided. This can encourage donations from those able to give.
2. Accurate Reporting: Providing timely and accurate data to donors and granting organizations builds credibility. SPEDSTA offers over 20 instant reports and custom report creation, ensuring you can demonstrate the effectiveness and efficiency of your service.
3. Ride Accounting: Riders may receive funding from multiple sources. SPEDSTA’s tools help you manage and allocate these funds efficiently, simplifying ride cost accounting and invoicing.
4. Digital Payments: With complex ride pricing, SPEDSTA’s rate creation tool can manage various pricing factors. Additionally, our optional service enables direct credit card processing for passenger payments at booking or on a regular schedule.
5. Leverage Community Partners: Partnering with local organizations like medical clinics can expand your service reach. Clinics can book rides directly through SPEDSTA, and you can set up agreements for service fees, benefiting both parties.

These strategies can help your transportation program become self-sustaining. Use SPEDSTA’s tools to achieve financial stability and earn respect from your management and community.

Ready to unlock the potential of smarter transportation planning? Book your demo now and explore how our scheduling software can elevate your operations.

ABOUT THE AUTHOR

MIKE B.

Mike is a seasoned transportation consultant and technology advocate. Drawing from years of experience in the transportation industry, Mike bridges the gap between innovative software solutions and practical implementation strategies. His articles focus on the transformative power of software for organizations that deliver transportation options for the elderly, special needs and disabled communities. Outside his writing endeavors, Mike enjoys exploring the landscapes of Costa Rica and advocating for sustainable transportation initiatives.