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
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
Required Computer Operating Systems - Windows 7
Required Computer Operating Systems - Windows 8
Required Computer Operating Systems - Windows NT
Required Computer Operating Systems - Windows Vista