Meeting the challenges facing the Finance team

Sector: Colleges, Vocational Training & Employment

At a time when there is increasing pressure to derive value from funds available, where change is a constant, and where accountability is paramount, most Finance teams spend more time than they would like wrestling with spreadsheets and reacting to queries. There is precious little time left to contribute to issues of organisation management and overall direction.

LAKE provide solutions for all sizes of organisations in the Education sector. We combine sector expertise with market-leading financials and web based purchasing to release you from the routine cycle of accounting and reporting. LAKE solutions help you improve financial control, streamline processes and manage risk.

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 solution employs portal self-service technologies to deliver management information and dashboards to staff, managers, funding partners, and suppliers, helping them collaborate to drive the organisation forward.

Monitor the performance of every aspect of the organisation

With a LAKE 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.

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.

Streamline the buying process and control spend

Web based purchasing 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.

Improve efficiency and integrity with systems integration

LAKE has extensive experience of integrating SunSystems with other applications. A SunSystems solution tightly integrated with Student Records, Payroll, and Human Resources will reduce error and improve productivity.