By managing budgets with Xvoucher | Wallet, Xvoucher has completely re-imagined the way training contracts should work. Essentially, this wallet is a prepaid account in the Xvoucher system that allows customers to purchase training and other learning materials whenever they are needed. But it’s also more than just an account balance--the wallet system offers our Customers a number of additional accounts and training management tools.
Using Xvoucher | Wallet it allows our customers to park their training funds into a single, connected account on the Xvoucher platform, which can either be used for purchasing learning materials right away, or for training or certification renewals that are still months (even years!) down the road. Once funds are received and the wallet is set up, the Xvoucher system allows a customer to view the current balance of their wallet as well as order details for spent funds. Customers can divide wallet funds into multiple pools, and into multiple purchase orders (PO) within each pool to track different types of learning programs.
With the use of Xvoucher | Wallet, there is no more worrying about wasted funds at the end of a fiscal year.
Xvoucher | Wallet can also be useful for Continuing Education (CE) programs. With new additions to our CE Solution, the wallet allows customers to add funds to schedule payments for CE kits that will be paid for a course on a future release date. For example, if you have a CE program that requires 3 years' worth of learning, to become available on a certain date each year, Xvoucher will automatically charge the wallet each year on the date that the candidate is up for renewal. So you create a wallet for your 3-year CE program but only pay for the first year and then pay annually after that your wallet will be charged automatically. Not only does Xvoucher get rid of the annual reimbursement process for employee training, the Xvoucher platform also releases the items annually so there is no work involved for the candidate to worry about, they can just log in and access their next year's training.