What is SIMS Financial Management System?
SIMS Financial Management System (FMS) enables your school to manage key financial processes with an integrated double-entry accounting system. SIMS FMS ensures your school’s funding and resources are put to the best possible use and provides a comprehensive overview of your school’s finances. SIMS FMS is also ICAEW accredited*.
Benefits and Insights
Why use SIMS Financial Management System?
Key differentiators & advantages of SIMS Financial Management System
- Manage day to day financial tasks efficiently
Gather information on staff contracts, payroll, purchases, payments received and assets held at any time. Easily generate reports to monitor day-to-day spending.
- Save time and money on your financial processes
The average primary school could save £2,300 per year by paying its suppliers by BACS (savings based on average 20 invoices per week, SLT, Admin time and postage).
- Manage your budget and demonstrate best value
Manage and set your school’s budget and easily report to governing bodies. It supports the Government’s Schools Financial Value Standard (SFVS) and Consistent Financial Report (CFR).