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Financial Management System Software

Model: RM Finance
  • Accounts payable transactions RM Finance automates the recording of invoices or bills for purchases of products and services. It enables schools to schedule payments of those bills including issuing cheques
  • Cash management Cash management helps with reconciliation of monthly bank statements, cheque and credit card transactions and assists in tracking bank account balances across multiple bank accounts
  • Purchase orders RM Finance provides the ability to import and link to suppliers' catalogues. Users can create and track purchases placed with vendors aiding them when placing repeat orders and help keep costs under control for product and service purchases
  • Financial summaries RM Finance provides traditional financial statements such as an income statement, departmental or cost centre reporting
  • Report creation Users are able to create key management reports for internal and external use
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Tech Specs
RM Finance is an intuitive and straightforward (financial management) system for administering school finances and budgeting that meets stringent accounting and audit requirements; designed for use by accountants and non-accountants alike.

RM Finance

  • RM Finance is used by over 2,000 schools
  • Academies & schools trust RM Finance for understanding their specific requirements
  • We have over 40 years' experience of working with schools and academies
  • It's easy to use
  • It meets the most stringent accounting and audit requirements
  • It has straightforward transaction processing
  • It offers powerful and flexible reporting
  • It saves valuable time with its quick and accurate reporting

RM Finance is ideal for school finance officers or administrators who require a powerful, yet intuitive, financial management system. It enables users to manage:

  • Accounts payable transactions
  • Cash management
  • Financial summaries
  • Purchase orders
  • Report creation
  • Accounts payable transactions
    • RM Finance automates the recording of invoices or bills for purchases of products and services. It enables schools to schedule payments of those bills including issuing cheques
  • Cash management
    • Cash management helps with reconciliation of monthly bank statements, cheque and credit card transactions and assists in tracking bank account balances across multiple bank accounts
  • Purchase orders
    • RM Finance provides the ability to import and link to suppliers' catalogues. Users can create and track purchases placed with vendors aiding them when placing repeat orders and help keep costs under control for product and service purchases
  • Financial summaries
    • RM Finance provides traditional financial statements such as an income statement, departmental or cost centre reporting
  • Report creation
    • Users are able to create key management reports for internal and external use
  • Benefits

    • Based on the principle of cash accounting and commitment accounting it meets the most stringent accounting and audit requirements
    • It enables you to set coding structures that meet your needs, matching them at the school level
    • It includes optional auto-reconciliation links to aid data transfer between Local Authorities and schools
    • Obtain accurate information, quickly and easily via its powerful and flexible reporting feature
    • No formal financial background required - The use of plain English terminology enables users without a formal financial background to quickly and comfortable use the software
    • Best of all, no previous financial experience required. Since it uses plain English terminology, school administrators are able to manage school finances easily
    • Saves time for hard-pressed administrative staff through straightforward transaction processing
    • Full purchase order processing system view, with catalogue facility, enables each line of an order to be separately analysed and allocated to a different budget heading if required
    • Secure access to key management information through authorised staff logons only
    • Minimal training and support requirement due to intuitive and straightforward platform
    • Easy and quick data transfer via the 'Clipboard' to Standard Microsoft® Windows® applications for inclusion in other documents and reports
 
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