IRIS Financials for Education
Our integrated administrative products are designed to work together as a comprehensive suite. Our solutions include accountancy, budgeting, HR, asset management and data analytics.
Made for education, our comprehensive suite of software tools allows you to streamline processes and increase efficiency
The IRIS Financials suite (formerly PS Financials) is specifically designed to meet the needs of multi-site, multi-entity education institutions, across every department.
Over 11,000 education organisations rely on our products to automate their administration and streamline critical operation tasks.
We help our clients to become more agile, compliant and efficient by centralising the management of all critical educational functions.
Perfect your education productivity levels with financial software
IRIS Analytics can help you to eliminate the risk of human error by driving efficiency, fine tuning reporting and streamlining operational management for schools.
- Unified ledger technology empowers users to generate accurate, up-to-date reports.
- View data across all locations or drill down into specific schools for incisive reports.
- Streamline financial management and reporting and plan your spending with financial confidence.
- Reduce administrative workloads, automate manual processes and manage facilities and resources
- Specifically designed for the complex reporting requirements of the education sector.
Harness your critical education data with the right software
IRIS Financials suite can help you with day-to-day management tasks, drawing in real-time data from finance, HR, payroll and MIS systems. The user-friendly interface allows you to interrogate and cross-reference this wealth of information to find the answers required for making better decisions.
- Combine and analyse data from disparate sources, and calculate the true cost per pupil
- Analyse and identify skill gaps, patterns of absence and staff shortages
- Show the relationship between financial and other performance related data
- Visualise complex data to generate insights, and assess the effectiveness of intervention strategies
- Ensure compliance with statutory requirements with IRIS Analytics.
Track and manage complex education budgets with financial software
IRIS Financial Planner enables you to build robust budgets and plan with financial confidence up to five years in advance. With dynamic analysis and reporting, plus a range of helpful tools, IRIS Financial Planner empowers you to think strategically.
- Updated annually, the funding predictor provides calculations that cover AWPU, derivation, FSM, EAL, LAC, lump sums, high-needs places, MFG, ESG protection and more
- Payroll reconciliation and budget monitoring. Eliminate the risk of human error and save time.
- Apply scenarios and control at a local or group level, and generate accurate forecasts
- Simplify and streamline the budget planning process
Would you like to find out how IRIS Financials for Education could benefit your school?
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Why choose IRIS?
Flexible, functional finance management
Unified ledger technology is always in balance, eliminating the need to reconcile separate ledgers. Provide stakeholders with easy access to budgets and clear, accurate financial data, so you can make informed financial decisions.
Supporting people and managing staff with HR functionality
Manage training, absences and recruitment across any number of school or college locations. Evolve the recruitment and management of your most important resource, and improve your ability to plan, budget and develop your education organisational strategy.
Cost-efficient Asset management
Save on costs by monitoring your assets at all times, and increase asset utilisation rates, enabling you to do more with your existing assets. Manage your trusts facilities and resources with ease with IRIS Assets over one location or a hundred, and ensure compliance with statutory requirements.
Empowering engagement and communications
Empower your school or college to go above and beyond in your responsibility to the student and parent community. Simplify your busy office team’s important tasks and make it easy to contact parents, by newsletter, email or text message.
Beckfoot Trust is a ten-school trust based in Bradford, West Yorkshire. Their old financial management system wasn’t able to keep up as they moved from a single school to a multi-academy trust, so it was time for change.
Durrington Multi Academy Trust includes a primary school and high school, serving a community of nearly 2000 students. As such, the leadership team understand the importance of efficient operations and are utilising a suite of IRIS Education solutions.
- Take back hours sent manually copying data between ledgers – IRIS Financials automatically does this for you
- Your data exists in a single location and is automatically kept up to date, allowing you to enjoy simplified, accurate reporting
- Powerful automation greatly reduces period end work, and automates complex tasks such as month-end cost allocations.
- Calculate the true cost of your expenditure and individual initiatives
- Identify the impact of extending, shortening or changing educational and organisational strategies
- Produce charts, graphs and reports that bring meaning to finance
- Assess the effectiveness of ongoing strategies for your school or college
- Compare costs and outcomes across your educational organisation
- See the bigger picture & provide your stakeholders with a long-term plan
- A secure, dynamic & user friendly school budgeting system
- Simplify and streamline the budget planning process across your School
- No more importing of budgets
- Natural integration into your core financial management software.
- Mobile parent app with push notification messaging
- Text, email and letters with multiple inboxes
- Parents’ evening manager
- Forms to request parental permission
- SIMS-linked documents
- Absence and punctuality management
- Social media manager
- Utilise multiple registers for different payment requirements
- Automated reminders and low balance notifications to alert parents to payments due
- Advance bookings functionality collects club bookings, menu options and payments in a single process
- Flexible payment options including credit and debit card, PayPoint, PayPal, cash and cheque (free school meals and pupil premium functionality)
- Dynamic reporting suite to support finance teams
- Integration with leading MIS, ParentMail, IRIS Engage and cashless catering providers.
- Meet statutory obligations throughout your organisation
- Sync asset data in real time across all locations
- Upload intangible assets such as documents and contracts
- Ensure regular maintenance is carried out and remove manual processes
- Enjoy flexible drill-down reporting
- Access data anywhere with Cloud-based asset management features
- Produce accurate and detailed asset data reports that can run automatically
- Reports can be set to run automatically.
- Access to your files and applications 24/7/365 from anywhere with an internet connection
- Double-layer authentication and automatic back-ups to a secure secondary location
- Standby diesel generators, uninterrupted power supplies and multiple redundant data carriers
- We will proactively manage both your IRIS Financials applications and your IT infrastructure.
- Build out powerful HR workflows to automate complex processes
- Make use of an intuitive, functionally rich payroll management system
- Easy-to-use, flexible workflow designer
- Define rules governing procedures, actions and documents
- Clear visibility of every process at every stage, and a full audit trail
- Full digital audit trail
- Empower employees with an easy-to-use portal.