Blog updated on 11th May 2022 by Jon Isherwood
Mergers... new reporting standards... funding constraints... the pressure on finance teams in the education sector is at an all-time high. In too many cases, outdated systems hamper initiatives to streamline and improve financial control.
But what if there was a solution to help you meet these challenges? Enter LAKE Solutions for Education. LAKE Solutions are based on market leading SunSystems Cloud. LAKE solutions help you improve control of spend and streamline financial management.
One of the most significant advantages of SunSystems Cloud is its strength as a reporting platform. For budget holders it delivers better and more timely information to inform decision making. For the finance team it removes much of the stress associated with reporting, it saves a huge amount of time, and simplifies the process of adapting to change.
LAKE solutions remove all the paperwork associated with purchasing and payables and replaces it with a best-in-class solution for Purchase-to-Pay.
The implementation process is quick and straightforward, thanks to the LAKE QuickStart Framework that is precision engineered for the Education sector. QuickStart is a comprehensive implementation accelerator that delivers all the essential elements needed to get started with SunSystems Cloud out of the box, including purchase-to-pay workflows, a choice of chart of accounts and cost centre structures, and a suite of pre-built reports providing online management information. With QuickStart, you can start using SunSystems Cloud in a matter of weeks, making it a practical and cost-effective solution for small to medium-sized institutions.
The solution is also infinitely scalable, which is another huge benefit for educational institutions. Whether you represent a small academy or a large university, LAKE solutions for education scale perfectly for an immediate fit and will grow and adapt to your organisation's changing needs over time. And because it is a true cloud solution it is kept secure and up to date automatically at no additional cost to you. Never again will you have to worry about outgrowing your financial management system or investing in a new one as you expand.
In conclusion, LAKE solutions for education offer educational institutions a powerful solution for managing their finances efficiently and effectively. With their specialised features, scalability, and ease of implementation, they are a game-changer for educational institutions of all sizes. As more and more educational institutions are turning to cloud-based systems, the key question is: can you afford to be left behind?
To find out more, please register one of our QuickStart for Education webinars. Alternatively, call me on 0113 273 7788.
by Jon Isherwood
Blog Contributor.
