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Financial management

With school and academy finance growing in complexity, you need a solution to help streamline your financial process and improve efficiency.

Being able to provide a clear picture of your finances can help improve efficiency and ensure that busy finance staff can complete day-to-day tasks quickly. Using SIMS FMS, financial data can be presented quickly and clearly, helping senior leaders make informed decisions.

The SIMS finance solution is the most popular accounting package for both academies and maintained schools and is ICAEW accredited.

Manage day to day finances

Manage day-to-day financial tasks

Your finance team will perform financial tasks more easily with SIMS Financial Management System (FMS). Accounting workflows are simplified so that administrators can process income and expenditure efficiently, senior leaders or subject coordinators can manage their own budgets, and bursars or business managers can track spending and staff costs against commitments. With FMS the entire process from requisition to payment can be electronic saving you time and money.

Find out more about SIMS FMS for primary and secondary schools and academies

Quick and clear financial reporting

Senior leaders and governing bodies want accurate, clear financial information. SIMS Financial Reporting Suite (FRS) enables you to set up standard reports to present financial data (held in FMS) in multiple formats, including graphs and tables and to distribute these as PDFs.

Quick and clear reporting
Group view of finances

A group level view of finances

HCSS Education's FMS MultiView enables Finance Directors and Officers in federations, and academy groups to have instant online access to consolidated account reports (from data entered into FMS by their schools and academies). FMS MultiView also provides on-screen indications and reports of individual academy and school finance performance.

Plan future budgets

HCSS Education's FPS Web provides a 'one stop shop' for all your budget planning requirements with direct links to FMS. Organisations can models and explore future multi-year academy or school budgets. After looking at an unlimited number of scenarios, the chosen budget can be transferred into FMS to become the operational budget for the coming financial year.

Plan future budgets
Simplify parent payments

Improve financial efficiency by simplifying parent payments

Save your school hours of payment administration by easily and securely collecting parent payments for school meals, uniforms, school trips and other items online, with SIMS Agora. Helping to support your school's drive for improved financial efficiency and accuracy in data, SIMS Agora integrates with SIMS FMS and SIMS Dinner Money enabling automatic reconciliation of parent payments.

Find out more about SIMS Agora for primary or secondary schools and academies

Improve accuracy and efficiency

80% of your expenditure is related to staffing; Make sure your contractual information is accurately and efficiently maintained. FMS is the only accounting application that pulls through contractual information held in SIMS to generate salary projections without the need to re-enter and update contracts in the finance system too.

Improve accuracy
Cost saving

Cost saving

The average secondary school could save 50% on payment costs or £3,500 per year by paying suppliers through Capita's BACS service. Using SIMS InTouch you can replace postage and telephone costs with text messages costing 0.06p.

Find out more about SIMS InTouch for primary or secondary schools and academies

The full power of SIMS

SIMS Consultancy Services can help you release the full potential of SIMS quickly in your school so you can start making an impact on your financial management immediately. We also offer training courses tailored to your school’s specific needs.

For more information on How SIMS helps, download our brochures: What every primary school leader needs to know about SIMS and What every secondary school leader needs to know about SIMS

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