Meeting the challenges facing the
Finance team in the Care sector
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.