Express Exit Processing
Embedded Logic: R2T4, PWD, Grant Overpayments, Institutional Refunds, COD, G5, Micro-Reconciliations -- Complexity Eliminated!
Vocado has all information and logic embedded to automatically perform calculations for Return to Title IV Funds (R2T4), Post Withdrawal Disbursement (PWD) and grant overpayment. And, because Vocado keeps all of a student’s packaging data up-to-date, in real-time, you can be assured that R2T4 calculations are correct.
Vocado then posts ledger adjustments, and sends COD updates with no manual intervention. Automated policies can be tailored on a school-by-school basis.
Vocado tracks the movement of refunds from to G5, including micro-reconciliations at each step to ensure the right amounts are posted within Federally mandated timeframes.
Vocado also calculates PWDs & Grant Overpayments and sees them through to completion - automatically.