Transparent monitoring
Budget spending is restricted according to staff permissions. If budgets are exceeded, finance staff can opt to block the requisition, create a warning or ignore it, depending on the context. When a requisition is within limits, it is automatically approved – if not, the request is passed to the relevant staff member for approval.
Requirements
An approved Requisition, or request to spend money, is termed a Requirement. Within the Accounts system, Requirements can be met from items already held in stock or from new Purchase Orders. When Requirements from multiple Requisitions can be combined, the school is often able to take advantage of bulk order discounts savings on delivery charges.
Engage Accounts allows your school to establish rigorous financial monitoring and processes, providing the essential insights necessary for confident financial planning and strategic development.