Financial management software
Higher Education Accounting Software
Our higher education accounting software is ideal for universities and colleges who need an easy-to-use, intuitive tool for effective day-to-day financial management. Achieve more, faster with Access Financials. Flexible pricing structure, always on the latest version.
Financial management software designed for Higher Education institutions
Developed by accounting and finance experts, our accounting software for universities and colleges supports your higher education financial management needs and helps you achieve your objectives. How? Having up-to-date, streamlined software in place enables each Finance Manager and their team to work faster, more effectively, and do more with core data and resources.
Get the university and college accounting software core package from £97 per user per month.
Join the UK’s leading universities and colleges already using Access
5 benefits of financial management software for higher education institutions
There are a host of key features included in Access accounting software for universities and colleges. Below are 5 important ones that are sure to make life easier for your organisation.
Multi-dimensional reporting analysis
Comprehensive multi-dimensional reporting functionality makes it quick and easy to pull together useful and up-to-date information for your senior leadership team, without having to export to other packages. Attractive, insight-based templates which are suited to the needs of higher education financial management decision-makers are included as standard.
Comprehensive all-in-one dashboard
Complete control and visibility in one dashboard makes life easier for your Finance team to simply log on, get their work done efficiently, and ensure everything is kept up-to-date. A joined-up approach to familiar finance tasks such as raising purchase orders, paying invoices and monitoring expenditure can all be tracked through each stage via a single screen.
Secure cloud-based accounting
Industry-leading, secure cloud-based accounting software opens up a host of benefits not available with traditional on-premise higher education accounting software packages. Cloud benefits popular with colleges and universities include much tighter security for your financial data as well as enabling off-site and hybrid working for your Finance team if required.
Error-free and transparent financial management
Updating your underlying finance software enables some finance tasks and functions to be automated and removes opportunities for human error that arise with manually rekeying data or cut and pasting to or from other packages. Your team will save time and improve efficiency and accuracy too. That benefits everyone, not just the Finance team, by reducing problems and speeding up standard processes so that everyone can work more effectively.
Compliant with financial regulations
Guaranteed compliance with financial regulations is one of the key benefits of updating your higher education accounting software. Continuing to use outdated software causes more and more issues over time and can be hard to adapt as the rules change. In contrast, newer financial software packages are built with current legislation in mind, so meeting your legal responsibilities on everything from finance regulations and reporting to auditing and data protection are all made more streamlined.
Keep track of income streams, funds, and expenses
Every Finance Manager needs to be on top of cashflow and in today’s fast-moving world and that requires having access to the latest information in real time. Access Financials is proving an ideal solution for higher education financial management as it provides everything you need via one dashboard.
- Keep track of all your inflows – for example grants, funding and student fees.
- Tightly manage your outflows with useful functionality such as expense tracking.
- Tighten up your purchasing workflow with streamlined purchase order processing.
Accurate, ready-made reports for your convenience
Creating reports for internal decision-makers or for external bodies can be time-consuming if you don’t have user-friendly and accurate software in place. Access Financials takes your reporting to a whole new level.
- Built-in HE relevant templates means there’s no need to struggle with complicated setup and unnecessary modules.
- Seamless and user-friendly navigation with customisable reports and dashboard views.
- Search and filter options as well as consolidated financial statements at the click of a mouse.
Improved budgeting and cash flow forecasting
One of the important responsibilities of a university or college Finance Manager is to be fully apprised of performance against budgets and to avoid any unexpected cashflow surprises down the line. Access Financials keeps you firmly in control.
- Automated cashflow forecasting helps you bring your data to life.
- Access real-time data so you always have the up-to-date picture
- Options to benchmark information and identify trends or anomalies early.
Effortless setup and dedicated support
A common concern for finance professionals considering changing or updating their higher education accounting software is the migration process. At Access, we’re used to guiding universities and colleges through the process.
- We'll take you through the steps of upgrading to our cloud-based Financials package.
- We provide industry-leading support and training materials for you and your team.
- We have 250+ UK finance software experts on hand to help you, alongside your dedicated Account Manager.
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Higher education accounting software FAQs
Why move our higher education accounting software to the cloud?
Across the public and private sector, working practices have changed and, with it, the way in which technology is used to facilitate core functions.
Finance is a prime example where the tools available no longer need to (or potentially should be) housed on premise.
One of the big reasons for the shift is the vastly improved security offered from the cloud.
Keeping your servers and users safe from viruses or hackers is becoming harder to do using traditional protection tools and strategies; moving to the cloud increases those protections to a much higher level.
This is particularly important if members of your finance team need to work remotely.
How is Access Financials for higher education institutions different from other accounting software?
One of the key differences compared to other accounting software for universities and colleges is that Access Financials is a cloud-based solution whereas some other popular packages are installed on premise.
As well as improving security and enabling remote access, switching to a cloud solution also offers benefits around cost and value for money as well as ease of updates or adding new users.
What happens after I buy Access Financials for my university or college?
The Access approach is very much focused on meeting your needs and ensuring that the process of transition is as smooth as possible. We’ll develop an implantation plan that works for you and your team; we’ll also provide training and ongoing support if you need it to ensure you benefit fully from your investment.
Can Access Financials work alongside our specialist budgeting, billing and forecasting packages?
It’s common for higher education institutions to have tools in place already to do specific tasks such as large scale automated billing or complex scenario planning.
Access Financials doesn’t aim to replace these, simply to ensure that the core finance functions that must also be completed every day – managing funds, raising orders, paying invoices, tracking cashflow, creating reports etc. are all done as efficiently as possible too. The time has passed when paper and manual systems are ‘good enough’.
Advice on finance management for universities and colleges
Access Workspace for Higher Education Institutions
The entire higher education sector continues to face unprecedented financial pressures – which increases the need for effective financial management. Staying abreast of the data, finding new ways to improve efficiency in Finance, and ensuring financial management reporting on cashflow are all more important now than ever before.
Contact Access today to find out more about how our accounting software for universities and colleges can help you do more.
If you are a school – check out our specialist solutions for schools.
