RM Finance

As schools gain more financial autonomy, school financial staff need practical, effective tools to manage their accounts, monitor ongoing spend, and communicate budgets to stakeholders.

Used by over 2000 schools worldwide for over 15 years, RM Finance has been developed in partnership with school finance officers and administrators. It is an intuitive, straightforward, reliable system for administering school finances and budgeting. Best of all, you don't have to be an accountant to use it: RM Finance uses plain English so you always know what it means.

Easy to use, RM Finance not only meets the most stringent accounting and audit requirements, but also the practical realities of school financial management. It has straightforward transaction processing and powerful, flexible reporting, enabling accurate information to be obtained quickly and easily. All of which means hard-pressed administrative staff can save valuable time, something we are passionate about.

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

For Local Authorities Based on the principle of cash accounting, RM Finance meets the most stringent accounting and audit requirements and as a Local Authority it enables you to set coding structures that meet your needs, matching them at the school level.

The software includes optional auto-reconciliation links allowing transfer of data from Local Authorities to schools and powerful, flexible reporting enables accurate information to be obtained quickly and easily.

Best of all, you don't have to be an accountant to use it: RM Finance uses plain English so school administrators are able to manage school finances even if they have no previous financial experience.

• Straightforward and intuitive to use, minimising the training and support requirement.
• The use of plain English terminology enables users without a formal financial background to quickly feel comfortable in their use of the software.
• Powerful and flexible reporting enables accurate information to be obtained quickly and easily.
• Based on the principle of commitment accounting, RM Finance meets the most stringent accounting and audit requirements.
• Straightforward transaction processing saves time for hard-pressed administrative staff.
• Full Purchase Order processing system, with catalogue facility, enables each line of an order to be separately analysed and allocated to a different budget heading if required.
• Provides secured access to key management information through the setting up of access profiles for authorised staff, each with his or her own password
• Data can be transferred quickly and easily via the 'Clipboard' to Standard Microsoft® Windows® applications for inclusion in other documents and reports

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
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.

Financial summaries
RM Finance provides traditional financial statements such as an Income Statement plus others such as departmental or cost centre reporting.

Report creation
Users are able to create key management reports for internal and external use.

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 repetitive orders and keeping costs under control for product and service purchases.

System Requirements
As with all software, there are minimum requirements laid out for each PC / laptop that will be used.

When using RM Finance, the rendering of the data processing activity will be performed by the user's system. Therefore, we have specified a recommended hardware requirement for use with the application. In order to experience RM Finance at optimum performance, we would recommend the following system requirements: