passFINANCE

Cloud Finance, developed by WCBS, is a financial management solution specifically designed for fee-paying schools. According to the vendor, it caters to the needs of independent and international schools, providing them with tools and functionalities to efficiently manage their financial operations. Cloud Finance is intended for use by bursaries and finance departments in the education sector, benefiting professionals such as bursars, finance directors, accounts assistants, and clerks.

Key Features

Sales ledger: According to the vendor, Cloud Finance offers comprehensive functionality for fee recording and tracking, allowing for efficient management and tracking of sales transactions.

Extended nominal ledger: The vendor claims that Cloud Finance provides an extended nominal ledger with additional categories and subcategories, enabling detailed financial analysis and accurate reporting.

Purchase ledger: Cloud Finance allows for easy recording and tracking of expenses and payments, streamlining expense tracking and payment management, as stated by the vendor.

Specialist school billing: According to the vendor, Cloud Finance handles complex billing and relationship management between schools and multiple bill payers. It efficiently produces fee bills, offers full credit control facilities, and provides a parent portal for bill access and payment.

Advanced reporting and analysis: Cloud Finance offers extensive reporting options, including multi-dimensional ledgers, group consolidation, and multi-currency reporting, according to the vendor. This enables advanced financial analysis and comprehensive reporting.

Fully compliant digital tax: According to the vendor, Cloud Finance ensures compliance with digital tax requirements by providing the necessary tools and features for accurate and efficient tax reporting and filing.

Excel integration: The vendor states that Cloud Finance seamlessly integrates with Microsoft Excel, allowing for easy data import and export, and enabling efficient data manipulation, analysis, and transfer.

Purchase requisitions with automation: Cloud Finance streamlines the purchase requisition process by allowing users to submit requisitions electronically and automating approval workflows, as claimed by the vendor.

Fixed assets: According to the vendor, Cloud Finance effectively manages fixed assets by tracking their value, depreciation, and disposal. It provides comprehensive reporting and analysis based on the fixed asset data.

HR with self-service & SCR: Cloud Finance includes HR functionality with self-service capabilities, allowing employees to update personal information. According to the vendor, it provides comprehensive HR reporting and analysis.