Meeting the challenges facing the Finance team

Fully integrated with budgeting and forecasting

With a LAKE solution that includes SunSystems Budgeting and Forecasting, Finance is able to take a more active role in predicting the impact of changes in tactics, business conditions, and strategic direction.

The solution builds on underlying General Ledger code structures to support continuous budgeting, rolling forecasts, and "what-if" analyses.

With detailed operational plans (e.g. by department, course, site, etc) feeding into the P&L, Balance Sheet, and Cash Flow statements, SunSystems

• encourages collaboration between different parts of the organisation
• reduces the business risk and overhead associated with dozens of inter-linked spreadsheets.

The combination of SunSystems and LAKE's rapid implementation method represents a cost-effective Performance Management solution for your organisation.

Monitor the performance of every aspect of the organisation

With a LAKE SunSystems solution managers can analyse activity mapped against their own unique Key Performance Indicators (KPI's) and dimensions such as department, site, project, funding source, course, person, etc.

Share information and collaborate with staff, managers, funding partners and suppliers

Reports can be tailored so that information can be delivered and viewed in the format and style managers require. The LAKE SunSystems and Proactis solutions are XML and email-enabled, employing portal self-service technologies to deliver management information to staff, managers, funding partners, and suppliers, helping them collaborate to drive the organisation forward.

Proactis streamlines collaboration with partners on matters such as best-value sourcing of goods and services.

Streamline the buying process and control spend

LAKE solutions help organisations improve the management of their catalogues, suppliers and contracts and provide attractive solutions for users who need modern web-based easy-to-use systems.

Proactis is easily deployed to bring non-pay spend under control. It provides managers and staff with complete visibility of the cost pipeline and validates every purchase request and commitment against budget at any level, such as department, course or project. At the same time, transparent processes and sophisticated approval-routing, guarantee improved governance within a clear, structured, controlled spending policy.

Automated account coding and VAT processing, sophisticated and secure access to key data across multiple databases, tight budgetary control and reporting based on up-to-date information all contribute to the double objectives of streamlined processing and improved control over expenditure.

Produce financial and management reports
at the click of a mouse

At the click of a mouse the LAKE SunSystems solution allows you to produce reports from the same underlying database for all interested stakeholders; including the Senior Management, committees, budget-holders, staff, the public, the tax authorities, etc.

Improve efficiency and integrity with systems integration

An effective IT interface reduces error and improves productivity. LAKE has extensive experience of integrating SunSystems and Proactis with other applications including Student Records, Payroll, and Human Resources.