Managing your school’s finances is a challenging job that can be even more complex and time-consuming without a whole-school approach. Manual data entry, double-handling and paper-based processes make it difficult for many schools to keep track of their financial position. FACTS School Management’s financial modules deliver a best practice approach to financial management. Not only can schools improve billing and budgeting processes, but it also allows you to view and analyse real-time information and reporting.
Automated Financial Management
Take the hassle out of billing with smart workflow management tools. FACTS School Management feeds debtor and creditor information directly to your general ledger. Customise workflows for new enrolments and staff, which will be automatically applied according to rules you’ve set.
Manage billing with confidence using sophisticated tools that enable you to tailor your approach to charging. FACTS School Management allows you to invoice school-wide charges including building, technology and library levies with ease, and use student-specific information to bill tuition fees, specialist subject charges, excursions and more.
Take the guesswork out of budgeting with a real-time view of budgets, spending and committed funds. Provide department heads with access to the budgets they oversee to allow them to manage online ordering, compare actuals to budget and drill down to individual invoices and transactions.
Effortless Financial Reporting
Spend with certainty supported by sophisticated cashflow reporting that includes the ability to overlay various what-if scenarios. Analyse your spending and creating detailed monthly board reports and annual reports customized to your school’s needs.