Meeting challenges facing the Finance team
Sector: Care
The Finance team in the Care sector have a challenging time, with complex
reporting needs and the difficulties associated with managing an organisation
spread across many locations.
The combination of SunSystems software and LAKE's focus on the Care sector
helps deliver solutions to these challenges:
Understand how resources are generated and expended by activity and home
With a LAKE Care solution you can analyse activity mapped against your own
individual key performance indicators, such as home, region, account,
fund-source, etc. And user-friendly, graphical drill-down tools ensure that you
can uncover and analyse the trends, problems and opportunities that are often
concealed in your detailed transactional data.
Produce reports to numerous stakeholders from the same underlying database
without additional work
At the click of a mouse the LAKE Care solution allows you to produce reports
from the same underlying database for all interested stakeholders; such as
budget holders, management, trustees, the public, the government, and regulatory
authorities such as the Charity Commission.
Deliver real-time access to financial and non-financial data
SunSystems Vision is the online reporting and analytics tool that enables you
to query and explore all your financial and non-financial data in real-time.
Vision's powerful reporting features are combined with the familiarity and ease
of use of the Microsoft Office Suite.
- Unrivalled ease-of-use
- Drill down and drill around
- Reports can be viewed and manipulated in real-time over the Web or can be
output via email, PDF, HTML, Excel, or print
- For managers, for budget holders, for Finance
Manage the competing demands of central control and local flexibility
The LAKE Care solution provides the flexibility for each home to manage its
own affairs whilst retaining financial control at the head office.
Streamline and automate the billing process
- Flexible billing rates including monthly, weekly, daily
- Flexible billing periods, starting at any point during a month
- Multiple "bill-to" parties per resident, with variable billing rules per
party
- Automated spread of income across accounting periods, with maintenance of
balance sheet values for deferred/accrued income
Charity Accounts
LAKE solutions provide all the features that you may need to account for
charitable activities, such as:
- Standard features to support SORP compliance and reporting
- Account for partial or non-recoverable VAT
- Track movements in every fund, distinguishing between restricted and
unrestricted funds
- Calculation and monitoring of charitable subsidy by resident and home
Keep the organisation to its budget and positively prevent over-spend
The LAKE Care solution allows you to delegate authority with absolute
confidence that spend will be kept safely within budget. It provides complete
visibility of the cost pipeline and related cash flow requirements as soon as
orders are requested and only allows over-spend with appropriate authority.
A solution for the long term
Flexibility and scalability to accommodate new requirements as the
organisation changes in the future, or as additional parts of the organisation
entrust their accounting to SunSystems.