Moving beyond generic payment gateways to a dedicated fee collection platform, Institute of CAD Technology streamlined its student payment process with SlashCollect, reporting a 97% payment collection success rate and zero payment-processing failures.

Collecting course fees is an important part of running a training institute. Students need convenient ways to pay for their education, while institutes need a reliable process to track payments and manage incoming revenue.

For institutes offering technical training, professional certifications, and career-oriented courses, payment flexibility can make education more accessible. But supporting instalments and flexible payment options also requires a dependable collection process.

The Institute of CAD Technology (ICT-Nashik) partnered with SlashCollect to improve how it manages student fee collections.

About Institute of CAD Technology

The Institute of CAD Technology is a technical training institute based in Nashik, Maharashtra. It provides industry-oriented training in design software and engineering technologies, helping students and professionals build skills relevant to their careers.

ICT offers training across disciplines such as mechanical engineering, civil engineering, architecture, interior design, aerospace, automobile design, robotics, automation, and electrical engineering.

The institute also offers online training programs, professional certifications, and flexible payment options, including no-cost EMI and subscription plans.

With a focus on practical learning and industry-relevant skills, ICT serves students looking to enter the workforce as well as professionals seeking to upgrade their technical capabilities.

As its range of training programs grows, having an effective process for managing student payments becomes an important part of the overall experience.

The Challenge: Generic Payment Gateways Are Not the Same as a Collection Platform

A payment gateway helps a business accept payments. But accepting a payment is only one part of managing student fees.

Training institutes may need to manage course payments, recurring instalments, payment reminders, pending dues, and collection status across their student base.

When these activities are not connected through a structured workflow, the institute may have to rely on additional processes to track what has been paid and what still needs attention.

For students, the payment experience matters too. They may prefer to pay in instalments rather than arrange the entire course fee upfront.

ICT needed a payment collection approach that could better support these needs without adding unnecessary complexity to fee management.

The objective was to move beyond a generic payment gateway experience and adopt a platform designed around the fee collection process.

The Solution: A Dedicated Fee Collection Platform with SlashCollect

SlashCollect helps education businesses manage student fee collection through a more structured payment workflow.

Rather than treating every payment as an isolated transaction, the platform focuses on the broader collection process, including payment schedules, reminders, and collection tracking.

1. Move Beyond Generic Payment Gateways

A gateway primarily facilitates payment transactions. A dedicated collection platform adds workflows to help businesses manage payments over time.

By moving to SlashCollect, ICT could adopt a collection-focused approach to student fee payments.

The objective is to bring payment collection and tracking into a more organized process, making it easier for the institute to understand its collection status and manage payment follow-ups.

2. Support Flexible Student Payments

Course fees can be a significant expense for students entering specialized technical training programs.

Flexible payment options can help students spread their payments over time instead of arranging the entire fee upfront.

ICT's published online training offering includes no-cost EMI and subscription plans. These options give learners greater flexibility in managing their education expenses.

A convenient payment experience can reduce friction during enrolment and help students manage their financial commitments more comfortably.

3. Make Fee Collection More Structured

Managing fees involves more than sending a payment link. Institutes also need to understand payment status and keep track of outstanding dues.

SlashCollect helps organize payment collection workflows so that businesses can monitor collections and identify payments that need attention.

This gives the team a clearer view of payment activity and helps reduce dependence on scattered records and manual coordination.

4. Improve the Payment Experience for Students

A payment process should be easy to understand and convenient to complete.

Students benefit from a straightforward way to make their payments, while institute teams benefit from a more organized system for managing collection activity.

For a technical training institute like ICT, improving the payment experience supports a wider goal: helping students concentrate on their education rather than dealing with unnecessary payment friction.

The Results: 97% Payment Collection Success with Zero Recorded Payment-Processing Failures

The reported results highlight the impact of a more structured payment collection approach.

97% payment collection success rate

ICT achieved a reported 97% payment collection success rate with SlashCollect, demonstrating strong collection performance.

Zero recorded payment-processing failures

ICT also reported zero payment-processing failures in the measured collection flow.

A more organized collection process

By moving beyond generic payment gateways, ICT adopted a platform focused on the ongoing needs of fee collection rather than payment acceptance alone.

Support for flexible student payments

The institute's focus on flexible payment options helps learners manage course fees while giving the institute a structured way to approach collections.

Together, these outcomes highlight why payment acceptance and payment collection should be considered separate parts of an institute's financial operations.

What Other Training Institutes Can Learn from ICT

The experience at Institute of CAD Technology offers useful lessons for coaching institutes, EdTech companies, and professional training academies.

Choose a collection platform, not just a payment gateway

Payment acceptance is the starting point. Institutes that manage course fees over time also need visibility into collection status and pending payments.

Make payments manageable for students

Instalments and other flexible payment options can help students manage the cost of career-oriented education.

Bring payment tracking into a structured workflow

Clear payment status and organized collection records help administrative teams understand which payments require attention.

Measure collection performance

Tracking payment collection success and payment-processing failures separately helps institutes identify where their payment process is working well and where improvements may be needed.

Treat fee collection as part of the student experience

From enrolment to the final instalment, the payment process is part of a student's relationship with the institute. Making it more convenient can benefit both learners and administrators.

Build a Better Fee Collection Process with SlashCollect

Institute of CAD Technology illustrates the value of moving beyond generic payment gateways towards a platform built around the complete fee collection process.

For training institutes, coaching centres, and EdTech businesses, the challenge is not simply accepting payments. It is managing the collection journey, supporting students with convenient payment options, and maintaining visibility over incoming fees.

SlashCollect helps businesses bring these collection activities into a more structured workflow.

Looking to improve fee collection at your institute?

Book a demo with SlashCollect to see how a dedicated payment collection platform can support your business.