All-in-one integrated MIS and accounting solution

A solution bringing together the academic, pastoral, administrative and fee billing elements with an accounting system that will help you to eliminate unnecessary duplication of work and reduce costly mistakes.

Flexible and simple solution for fee billing
BI dashboards provide an overview of key information
Create predefined, custom and consolidation reports
Supports multi-currency, recurring invoicing, accruals and prepayments
Simple and efficient invoice amendment system
Customisable paperless workflow approval process, see live status of your budget

Developed specifically with the Bursary in mind bringing together the academic, pastoral, administrative and fee billing elements into a single accounting and finance solution.

Powerful Accounting

The iFinance accounting, consolidation and business intelligence features offer the bursary the capability to generate predefined and custom reports profiled by user. The fully-interactive reporting allows the user to drill down to transaction level and produce customised analysis, which can then be exported to Word, PDF or Excel. The Auto-Bank Reconciliation allows users to speed up the allocation process, uploading your bank files and posting transactions in a time efficient manner. The customisable online approval workflow process enables schools to adopt a paperless purchase order and invoice environment, allowing key stakeholders to see a live status of their budget.

 

Book a demo Speak to our experts

Comprehensive Flexible Billing

The iFinance fee billing feature allows account departments to generate bills and add charges in several different ways for specific applicants, current students and alumni. The feature enables the bursary to amend invoices and synchronise this data with a sales and nominal ledger. The flexible deferred income functionality removes the need for monthly journals to be calculated and posted. Featuring a comprehensive suite of interactive reports for pre and post invoice, historic invoices and ad-hoc reports.

 

Book a demo Speak to our experts

Key Features

Flexible Billing

Flexible and simple module to generate bills and add charges in several different ways.

Powerfull Accounting

Comprising of accounting, consolidation and business intelligence with multi-currency support and recurring invoicing, accruals and prepayment capabilitie.

Invoice Management

Simple and efficient invoice amendment system with pupil, parent and invoicing data synchronised with a click of a single button.

BI Dashboards

The business intelligence dashboards provide an overview of key information, including a budget-holder’s dashboard making it easy to manage spend.

Split Billing

Comprehensive split billing system to assign multiple bill payers for an individual bill.

Bank Reconciliation

Auto-bank reconciliation allows you to easily allocate funds and payments against outstanding balances.

Workflow Approval Process

With the workflow approval process, paperless purchase orders and purchase invoices can be automatically sent for approval before they are posted to the accounting system, with customisable layers of approval.

Recurring Charges

Recurring charges allow for a charge to automatically be assigned to future billing cycles. Recurring charges can be assigned a start and end cycle or be set as a persistent recurring charge

Expenses Capture

Allows employees to record expenses and outlay against internal or external projects & managers to approve.

Consolidation

Consolidate Groups and Entities, Consolidation Reports in just one click.

Fixed Asset Register

A single database to store all your company and group assets.

Stock Management

A distribution module that will add and integrate stock management.