Six Ways to Help Your Team Stay in the Black This Season!
As September approaches it's time to start preparing for next season, be it creating your team's next online registration and training new board members, or implementing new policies and purchasing the latest workout equipment. Change is never easy, but it can really help teams to grow. This year, we want to help you implement the team management changes that are proven to help your team's finances to stay in the black.
One of the biggest areas where we see teams get in trouble is with collecting dues and fees. Outstanding dues and collecting meet fees are places where your team's finances can start to hover in the red. Here at TeamUnify we have come up with a few tools that can help limit the amount of outstanding debt your team has. Let's explore these best practices and tools you have in your TeamUnify system.
Require a Credit Card on File with Your Online Registration
Use your online registration system to collect the credit card information and update the account on the site for monthly billing.
After day 30, turn on the financial restrictions to require a payment type on file to enter a member into a meet.
Use On Demand Payments
Once you have required all registrants to place a credit card on file with your team, you can now use auto pay where you have the option to charge payments on demand. Helping you to charge fees when they are incurred.
Utilize this billing feature to create charges on the fly that automatically bill and charge an account.
Pay an outstanding balance or user defined amount, and optionally create a corresponding invoice.
Benefits of the Meet Entry Fees System area include:
A centralized and customizable user interface.
The ability to generate fees based on Rosters, Billing Groups or Location.
Easily generate invoices and charge credit cards for meet fees.
Automated email notification to the billing administrator of a new fees batch.
Automatic receipt generation to accounts via email.
Run a Swim-A-Thon Fundraiser
Want to help raise more for your team? A USA Swimming Foundation Swim-A-Thon is a phenomenal way to help add to your team's bottom line. Using TeamUnify's proven online fundraising system, teams are averaging $11,470 per fundraiser! Talk about staying in the black. Whether this is your first Swim-A-Thon or your 17th, planning, engaging and running a successful fundraiser can start today.
A raffle the day of the event where tickets were based on athlete fundraising.
Weekly emails to parents on how the funds will be spent.
These are just a few of the areas that TeamUnify can help you to streamline your team's finances. With these best practices in place, we know your team will find itself in the black from registration to championship meets. If you would like to explore other areas that could help your club, please email email@example.com and we will connect you with your team's customer success representative.