MIS Systems Thread, Finance software for Academies in Technical; Hi,
We're in the process of changing to Academy status, and the Finance Officer has asked me to look at ...
18th October 2011, 01:15 PM #1
Finance software for Academies
We're in the process of changing to Academy status, and the Finance Officer has asked me to look at software used for the finances.
Currently we use FMS for purchasing, and Sage for payroll.
But, as part of the Academy thing, we're going to have to be able to do more reports etc,
What she, and I was after was wondering what software people are using.
We've had a couple of quotes to do the changeover, from Capita and Sage, and someone or other.
I have to admit, not knowing exactly what she's after, but if there's any finance related people on here, in an academy school, I hope you know what my fiance officer is after.
IDG Tech News
18th October 2011, 01:19 PM #2
The new FMS includes reports that Academy Status requires.
18th October 2011, 01:33 PM #3
Take a look at PS Financials
18th October 2011, 01:48 PM #4
I think some people said they used corero, but i'm not sure.
18th October 2011, 01:50 PM #5
Our FD purchased PSFinancials having used corero at her last Academy. She's really liking PSFinancials and says that it's a lot better than the products she's used in the past, but has a bit of a learning curve. As a end user the web based PO system is great
18th October 2011, 02:04 PM #6
At my governor school, we stuck with FMS for conversion and it's done the job OK so far, but at the last Finance Committee meeting we were discussing alternatives as FMS will not provide us with all we need as we move forward.
Our Bursar should be bringing the suggestions to the table for the next meeting - but that isn't for a month. If I hear anything before, I'll post.
I work in an independent and we use Sage Line 50 and Sage Payroll... and frankly I think both are fab from a support point of view and the Bursar loves them too!
Thanks to elsiegee40 from:
bossman (18th October 2011)
18th October 2011, 02:13 PM #7
Yeas we have been using FPSadvance for quite sometime as a standalone but now if my memory serves me it is an integrated part of FMS as they are now one of Capita's FMS partners.
Originally Posted by Soulfish
Have already spoken to our DHT as to whether we go down the Sage route but one has to measure the impact on one's finance team and how much training they will need or be provided as part of the support service from Sage, plus it's a northern firm not far from us which is good as we like to support our local business's.
18th October 2011, 02:15 PM #8
We've moved over to PS Financials here when we went Academy.
The finance team have struggled with it, as mentioned, the learning curve is a bit steep but overall it seems very good once we get to grips with it.
Runs on SQL Server with its own Web Portal; I've got it running on a small VM with no worries.
18th October 2011, 02:16 PM #9
Sage is such widespread software that it is easy to recruit staff familiar with it... they don't have to have worked in a school. the Accountants and auditors all seem to use it too.
18th October 2011, 06:11 PM #10
You'd never know it from this thread but around 60% of academies have chosen FMS.
18th October 2011, 06:17 PM #11
Around 60% of academies have stayed with FMS because it's once less thing to complicate an already complicated process. With dust settling, a year down the line we are now reviewing what is best. We might stay with it. We might not.
Originally Posted by PhilNeal
Academies don't get a deal on SIMS and FMS through the LA and have to watch every penny they spend... so shopping around in inevitable and Capita will be foolhardy if they assume they won't change.
Last edited by elsiegee40; 18th October 2011 at 06:31 PM.
18th October 2011, 06:39 PM #12
@elsiegee40 point noted and we'll be working hard to ensure that academies get value.
19th October 2011, 07:38 PM #13
Possibly due to the cost, currently we have FMS, which works fine, but Academy we have to transfer so we have to look at three quotes in the usual way.
Originally Posted by PhilNeal
Of course, Capita have quoted about a quarter of the price that one of the others have quoted.. so currently leading... on cost, AND on usability.
There's just a few little niggles that She has with FMS, the fact that everyone can see and use any budget is mildly annoying her.
I'll pass all these onto her.
19th October 2011, 08:41 PM #14
- Rep Power
We converted on the 1st September and went from an LEA provided finance software to a academy customized Sage 200 provided by a company called Viking Management Systems Viking Management Systems Ltd
19th October 2011, 10:12 PM #15
@User3204 - cost centre permissions are in the next release. Pleased to note that we were significantly cheaper than some!
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