financial management
overview
A suite of financial management features
It is important to have safeguards in place when budgeting for hourly paid staff, as this can sometimes be overlooked. VT2000 allows departments to manage their allocated staff budgets, while finance teams keep control of the budget allocations throughout the year. This allows the finance department to proactively control payroll spending and prevents department managers from over-committing to payroll costs.
Features
Key features include
Budget tracking
Track actual and forecasted spend against budgets, and break down at a faculty, department or cost centre level.
Real-time validation
Enable automated budget checks when new contracts are created, to ensure that department administrators cannot over-commit to payroll costs.
Budget warnings
Enable automated email warnings when costs approach your chosen budget thresholds.
Account codes
Allocate and customise account codes to closely manage costs such as holiday cover, maternity cover, sickness cover, etc.
Import budgets
Upload budgets from a spreadsheet to easily and accurately input detailed budget information.
Benefits
Key benefits include
Keep an eye on costs and track budgets. Let’s get started
Expertise
Our expertise
VT2000 is a software product by General Technology. Our experts have deep knowledge about the complexities of the higher education sector and design technology to transform your operations.
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