FREDERICK, Md. /eNewsChannels/ — NEWS: Regent Education today announced launch of its Regent Review system, the industry’s first fully-automated student verification solution. Regent Review leverages the advanced technology of Regent’s SNAP and Regent 8 solutions to fully automate student verification and C-code processing. The robust capabilities of Review help schools reduce: the time needed to perform verification, processing costs, and compliance risk, all while improving the student experience.
“Efficient management of the verification process is critical to an institution’s ability to control costs, maintain compliance and deliver exceptional service to its students,” says Randy Jones, CEO of Regent. “Review takes verification processing to the next level by providing advanced automation for both administrators and students-and takes a step that no other product has taken with the inclusion of tax transcript automation.”
He added, “We are pleased to be continuing our mission of delivering products that resolve processing, compliance and service issues through advanced technology.”
Regent Review fully automates the collection of verification documents, automates C-code processing, task assignments and workflows. Students and staff will experience real-time features such as immediate acknowledgement of receipt of documents and updates on the progression of verification. This automation streamlines the entire administrative process for schools and the students they serve.
The verification process has become more challenging due to the increased regulatory complexity and the annual policy changes that impact processing rules. Verification is a leading cause of compliance audits and findings, representing a key risk to higher education institutions. Review resolves these challenges by offering the industry’s most robust solution for verification processing.
Key features that improve compliance include:
* Complete audit trail that includes all submitted documents, student communications, and processing history;
* Leverages the proven and highly advanced ISIR processing features of Regent 8;
* Approved electronic signature capabilities;
* Single sign-on options to prevent fraud.
The escalating cost of a college education and reduced budgets are making efficiency critical to an institution’s competitiveness. Review is increasing the efficiency of this typically labor intensive process through automation and advanced technology.
Key features include:
* Integration with IVES tax transcript services;
* Intuitive student portal with document submission capabilities;
* Intuitive data collection tools that simplify the verification process;
* Real-time dashboards for administrators;
* Integration with Student Information Systems;
* Advanced task management features to maximize staff resources;
* Sophisticated reporting capabilities.
“Our customers are highly focused on the student experience, and recognize the verification process as an area of opportunity to improve service levels,” says Shaun Poulton, Regent’s Chief Technology Officer. “We are excited to help schools improve efficiency and compliance – while also taking service to the next level.”
To learn more about Review, please visit: http://www.regenteducation.com/ .
Founded in 2006, Regent Education is a leading provider of software solutions that have revolutionized financial aid management and enrollment processes for schools using non-traditional enrollment models. Regent 8 is the only solution that provides end to end automation for non-term, nonstandard term, and standard academic years. Regent SNAP enables schools to provide estimated awards to prospective students in 15 minutes or less – a process that normally takes days or weeks.
Regent is a nationally recognized leader in results-driven enrollment optimization and financial aid management solutions – solutions that are web-based, easy-to-use, and interoperate with any existing student information system. Regent offers software-as-a-solution (SaaS) tools that help institutions increase enrollment, improve retention, speed student processing, mitigate compliance risks and deliver bottom-line results.
More information: http://www.regenteducation.com/ .
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