Scout provides a unified platform for college athletic departments managing budgeting, roster planning, payments, and compliance. The system streamlines financial operations, including automated payment processing for per diems and NIL disbursements, ensuring real-time cap management. For athletes, Scout offers tools and personalized guidance for managing Name, Image, and Likeness (NIL) earnings, financial literacy, and long-term wealth building.
Funding
Funding not disclosed
Founders
Product
Problem
College athletic departments often manage budgeting, roster planning, payments, and compliance using disparate systems, leading to inefficient workflows, delayed payouts, and audit challenges. Simultaneously, student‑athletes receiving NIL income lack centralized tools to track earnings, manage taxes, and develop sustainable financial habits.
Solution
Scout delivers a single SaaS platform that consolidates all financial operations for collegiate sports programs. Administrators can set salary caps, allocate funds by position, process per diems, bonuses, and NIL payments, and route approvals through an automated compliance chain, all with real‑time visibility and audit‑ready records. For athletes, Scout provides a dedicated portal to monitor NIL earnings, create adaptive spending plans, and access step‑by‑step guidance on LLC formation, banking, tax filing, and long‑term wealth building. The solution combines automated workflow engines with expert‑backed financial education, enabling schools to operate efficiently while empowering athletes to manage their income responsibly.
Target Audience
Primary customers are college athletic departments—including athletic directors, compliance officers, and finance staff—and the student‑athletes they serve who receive NIL compensation.
Features
- Cap Management module: define overall budget caps, allocate by roster position, and view live utilization metrics.
- Integrated Payment Processing: consolidate per diems, performance bonuses, and NIL disbursements in a single transaction hub with secure ACH/ wire support.
- Automated Approval Workflows: route payments through customizable approval chains, track status in real time, and maintain compliance logs for audit purposes.
- Compliance Dashboard: generate FICA, tax, and NCAA eligibility reports automatically, ensuring adherence to institutional and league regulations.
- Athlete NIL Portal: real‑time earnings tracker, budgeting tool that adjusts to variable income streams, and tax‑impact estimators.
- Financial Literacy Suite: interactive modules on LLC setup, business banking, tax deadlines, and long‑term investment principles.
- 1‑on‑1 Expert Support: direct access to financial advisors for personalized advice on contracts, tax planning, and money management.
- Structured Onboarding: guided rollout for staff and athletes, including training videos, data migration, and role‑based permission setup.