5 October 2017
With 48% of academy schools now managing their finances via the cloud, it’s fair to say the impact upon the sector has been substantial. But what are the benefits of conversion for schools?
Real time financial information
The cloud provides schools with real time key financial information at the touch of a button that can be accessed by multiple stakeholders at anytime from anywhere. Cloud software seamlessly connects with your bank account so you can reconcile on a daily basis; providing you with up to date visibility of your schools financial position every 24 hours.
Easy to use, efficient and time saving
Cloud accounting software provides an effective management reporting tool with varied user access, helping to save significant amounts of time producing departmental and board reports. Plus, as systems are updated on a daily basis they provide users with accurate and timely information.
Greater financial insight
The software seamlessly connects with your bank account to give you a greater degree of financial insight, allowing you to make more informed decisions. Plus, the software has the ability to produce a suite of reporting that can be quickly and easily customised and shared with stakeholders.
Flexible access to key financial data
Cloud accounting software makes day to day financial management of your school much easier through connecting multiple users (whose different roles and access can be customised to your specific requirements), creating a network where all your staff and stakeholders are connected to the same financial data.
The academy schools we work with have chosen to use cloud accounting software because it’s easy to use, efficient and offers a high degree of flexibility. If you would like to discuss your options when it comes to converting to the cloud, please do not hesitate to contact Stuart Hurst. Alternatively, find out more about cloud accounting by visiting our dedicated website at www.uhy-cloudaccounting.co.uk.
