Finance and Admin

Accomplishing financial success

 

The financial department is a key cog within every university. You are not only the financial gurus who help highlight where the institution is doing best, which areas need to focus on and whether financials are going to plan. Additionally, you are also key stakeholders in the decision-making process.

You aim to financially guide every department so that they can be as efficient as possible, resulting in the sound running of your university.

Finance & admin

Are you battling with these challenges?

Chasing student debt & commercial invoices

Ensuring payments are made on time can take up a lot of time. Whether you are manually tracking and chasing payments, or maybe you have a system but your current integrations are not up to scratch, you are concerned about the amount of manual work involved and seek ways to improve this.

accounting

High volumes and error rates

Due to the vast amount of compiled data entries, you usually update the accounts on a monthly basis but you know this is limiting your institution as you don't have real-time information to rely on. You're also aware that due to the manual process, as much as you try to avoid mistakes, errors do happen which could mean reports are not 100% accurate.

guest management system

Assessing good value for money

The finance department is the gatekeeper for all requests. It is your responsibility to ensure that any requests are good value for money. You will cross-check to ensure that the university does not already have something similar, and you will expect colleagues to be able to prove why they feel their request is needed.

time consuming

Repetitive and time-consuming admin tasks

You are getting frustrated with how long it is taking to export, amend, import and reconcile the many different systems that are being used. You feel that you're so busy processing, checking and correcting issues, that time runs out for the more value-adding tasks you want to be doing which will help increase productivity and efficiency.

skilled employee

Heavy reliance on certain team members

Having just one or two team members who have the skills and knowledge to do all things manual can put your department at risk. If they became ill or resign, for example, you would need to get external expert help which is often very costly. Additionally, training new staff on this would be very time consuming as it is such a complex process to learn.

budget

Staying within budget

Not only does your team need to try and stay within budget, but you are also trying to keep every other department across the institution on budget too. This will help ensure the end of year accounts are as close to the financial forecasts as possible.

We are here to help!

Discover how our solutions could help ease your problems...

Easily manage student payments, deposits and refunds
Clearly track commercial revenue
Quickly learn and update your knowledge and easily train new employees
Enjoy smooth integrations with a variety of financial systems
Automate repetitive tasks, many of which include large amounts of data
Prepare real time reports in minutes with our user-friendly platforms

Click the solutions below to explore how we can help your organisation

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