Trendy household life is difficult sufficient. Particularly divorced households need to face a number of challenges, baby assist being one among them. Nevertheless, there are answers available on the market that concentrate on different facets of divorce – comparable to communication, visitation, and custody points – however the monetary side has been largely unaddressed until now. Since baby assist is not only a single month-to-month fee but additionally a broad assortment of shared bills, dad and mom should regularly handle, talk and negotiate over child-related bills. All the course of is complicated, time-consuming, and really anxious. SupportPay seeks to remove baby assist battle and allow collaboration with an easy-to-use on-line software, offering each dad and mom transparency whereas saving money and time.
SupportPay, launched in 2013, is the first-ever automated baby assist fee platform, poised to remodel the complicated, time-consuming and anxious course of that impacts almost 300 million dad and mom, exchanging greater than $900 billion in baby assist and baby bills worldwide. SupportPay’s Founder and CEO, Sheri Atwood, got here up with the thought for SupportPay as a result of she believed that there needed to be a greater manner to supply assist to the youngsters.
Altering the Means Households Handle Cash
With SupportPay, at this time’s fashionable households can spend much less time managing and arguing about baby assist, bills, and alimony and extra time centered on elevating joyful, wholesome youngsters. SupportPay desires to make household life simpler by altering the way in which households handle cash throughout households – from a conflict-ridden, time-consuming and anxious occasion to a collaborative course of between relations. Its final mission is to get youngsters the monetary assist they deserve from each dad and mom.
There isn’t any different answer that handles baby assist funds together with all the different bills related to elevating a toddler, comparable to childcare, schooling, extracurricular actions, medical doctors’ visits, and so forth. Some state governments supply a web based instrument to pay baby assist only- the once-a-month required fee. These are usually very antiquated in the event that they exist in any respect and once more don’t cowl the myriad of different shared bills that oldsters residing aside must coordinate every month. SupportPay seeks to make use of expertise to automate something that’s finished manually whereas hiring a group of individuals which might be enthusiastic about its mission and try day-after-day to fulfill its buyer wants in probably the most resourceful manner attainable.
Making Complete Means of Funds Clear
As the one fee platform that manages baby assist, shares baby bills immediately between dad and mom, and manages spousal assist, SupportPay permits dad and mom to trace prices, ship funds to one another, and keep away from disputes by making the entire course of clear. Its on-line platform supplies a shared log of receipts too, which helps be sure that cash goes the place it’s imagined to go from the very first transaction.
Every part is saved in a single place by way of the net platform or cell app so dad and mom can simply entry something they could want. Dad and mom have a whole historical past of all baby assist funds made or acquired. As a result of SupportPay does all the notifications and reminders, dad and mom can fear much less about uncomfortable monetary conversations. The opposite nice issue of this platform is the privateness and safety of the app. Dad and mom by no means need to really feel the stress of knowledge being leaked or somebody sharing their data.
One other issue that units aside and makes SupportPay the popular alternative is the truth that lots of its personal staff have been in these dad and mom’ shoes- both having divorced dad and mom or as divorcees themselves. The power to immediately relate, empathize, and perceive its clients on a deeper stage really units SupportPay aside.
Saving Time, Cash and Assets with Digital Platform
Sheri expresses that as quickly as Covid-19 hit, every day registrations tripled! She anticipates that the market will proceed to point out this development lengthy after the pandemic passes. Individuals are realizing the benefit that comes with expertise because of the results the pandemic has had, and with a platform like SupportPay, dad and mom are realizing that they don’t at all times have to point out up in court docket for varied fee points.
Moreover, this firm advantages household legal professionals. After they have their purchasers’ documentation organized and simply accessible via a digital platform like SupportPay, their court docket time, cash, and different assets are saved. All of which have develop into more and more necessary throughout covid-19.
Making Youngster Help a Seamless Expertise
A majority of SupportPay’s staff have/are single dad and mom or have immediately skilled the impression of divorce someway of their lives. Having this distinctive insider perspective pushes SupportPay all that further mile to make dad and mom’ and kids’s lives simpler with Supportpay, beginning with making certain all youngsters get the monetary assist they deserve. SupportPay works onerous to attain its mission and imaginative and prescient as a result of so lots of them have been on the opposite finish, in a world with out Supportpay struggling to make baby assist a seamless expertise.
SupportPay’s contact-free system supplies a dependable platform to obtain assist with out fear, whether or not dad and mom are paying assist immediately between one another or via state companies.
Sharing Knowledge with Others and Increasing Use of Know-how
Sheri hopes to be an inspiration to different ladies and younger women on the market with desires that appear far out of attain as a result of, regardless of all she has been via, she was nonetheless in a position to persevere. Sheri has discovered a lot over the previous a number of years about what it means to be a feminine founder, and she or he hopes to have the ability to share that knowledge, so others don’t repeat the errors that she made early on in her profession.
Sooner or later, Sheri would like to create or be a part of an funding agency that’s centered and devoted to funding feminine entrepreneurs. In spite of everything, feminine entrepreneurs nonetheless solely proceed to obtain 2.2 p.c of enterprise capital and make up lower than 5 p.c of Fortune 500 CEOs. Supporting ladies in enterprise is a trigger that Sheri will at all times maintain very near her coronary heart.
A Concluding Assertion
“With expertise continuously evolving, it’s extraordinarily necessary for the group to be nimble with our tech and buyer assist. Within the close to future, my firm and I want to increase to make use of the identical expertise to assist siblings and different relations who’re offering monetary assist for his or her growing older dad and mom. Collectively, SupportPay would be the de facto commonplace for households managing funds throughout households,” concludes Sheri.