Finance in one place. Bromcom’s finance product offers functionality from one centralised hub, meaning school administrators and business managers are able to fulfil their roles in busy offices without the need to switch software or access different systems. It’s all there, in front of you.

Aside from the ability to access anywhere, anytime, roles and permissions can be applied specifically for appropriate delegation of duty for approvals and authorisation. This reduces the need for a paper trail, enhancing the remote working experience and helping to establish clear workflows across your school, trust or LA.

Bromcom Finance gives you the capability to attach documentation to transactions, beginning the journey to a paperless and eco-friendly school solution.

Bromcom’s Finance has numerous features designed to improve budgetary process across your school and increase visibility over where money is being distributed and spent:

Accounts payable.

With Bromcom Finance, add suppliers, orders and invoices then pay with ease. Cut out the admin and make transactions promptly. You can also clone orders, invoice templates and bespoke permissions for authorisation.

Accounts receivable.

Create customers and invoices, and receive and pay in funds. Use your MIS data to create financial customer profiles with a record on their financial history within your school or trust.

Budget.

Our finance product supports both fund and cost centre allocation, this incudes the added bonus of including direct links to cost centre ledger and the importation of different budgets.

Staffing.

Bromcom Finance’s base pay mapping feeds into staffing projections and payroll, which can subsequently be imported or added through our system. Have total visibility over staffing finances with the ability to also conduct pay awards, apportionment and the use of a salary calculator.

General Ledger.

We provide an interactive chart of accounts and cost centre enquiry, giving you the opportunity to dig into the nitty gritty of your finances. Drill down to invoices and ensure you know where every penny is being spent.

Routines.

Bromcom finance supports reconciliation file imports which permits you easy to use bank rec and full period/year end closure processes (this includes CFR Returns). With our routines, you have the functionality to map online payments, create automatic journals and generate third party exports for any reporting process you may require.

Asset Management.

Manage your assets with the capacity to add existing asset registers and create new items from invoices. Stock takes and inspection records just became a whole lot easier.

Reporting.

We offer a full reporting suite for monitoring and statutory returns as standard with Bromcom Finance. Export any required documentation into a format of your choosing. Schedule reports to be emailed such as cost centre transaction or budget holder monitoring. Stakeholders instantly informed of all the relevant financials without any of the manual hassle.

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