Efficiency is the ability to make the best possible use of available resources and to maximize outputs from given inputs. K-12 school leaders must focus on ensuring that educational systems, processes and operations are as efficient and effective as possible, and finance is no different.
Manual, time-consuming financial processes drain productivity and can frequently provide backward-looking, outdated information. Through automation and integration, today’s technology allows organizations to focus on forward-looking metrics while increasing accuracy, enhancing efficiency and effectiveness, and strengthening controls. Additionally, outsourced accounting services provide opportunities to access a full-service team with a breadth of expertise at a fraction of the time and money spent by an internal team.
While change is difficult, it is often necessary. If your team is struggling with manual processes, disjointed systems, delayed month-end close and outdated reporting methods, it might be time to explore ways to streamline your school’s financial functions.