Allovue

Allovue is a budget management software that aims to assist school districts and educational institutions in monitoring and managing their spending with accuracy and transparency. According to the vendor, the platform provides tools to track spending, analyze budgets, and connect with existing ERP systems. It is designed to be user-friendly and collaborative, catering to school districts of all sizes. Professionals in various roles, including school district administrators, principals, financial managers, education finance professionals, and state agencies, utilize Allovue.

Key Features

Budget Management That’s Less Intimidating: Allovue allows users to filter overviews, monitor total budget spent, encumbered, and remaining, and visualize this information through summary charts and graphs. According to the vendor, the software connects to the existing ERP system, ensuring a secure data connection and fetching updated transactions data regularly.

Connect to your existing ERP: Allovue integrates with the existing ERP system, facilitating communication and collaboration between principals and school-level staff. The vendor claims that the software transforms dense accounting data into highlights and trends, enabling successful budget implementation through actual spending, purchasing, and resource procurement.

Track spending, not spreadsheets: Allovue eliminates the need for administrators to manage spreadsheets manually, allowing more time for analysis. Users can bookmark specific groups of accounts, summarize transactions, and set reminders to stay engaged in financial management throughout the year.

Make sense of every dollar: The platform provides searchable data in plain English and clear visuals, making it easier for users to monitor spending, encumbrances, and fund balances. According to the vendor, this feature enables users to have a better understanding of their financial situation.

Take your ERP to new heights: Allovue fetches information from the ERP system regularly, ensuring that budget owners have access to up-to-date spending information. The vendor claims that this integration eliminates concerns about spreadsheet errors or data overwriting.

Make budget Q&A self-service: Allovue stores budget information in the cloud, making it easily accessible for users. The vendor states that this eliminates the need for constant back-and-forth communication regarding account codes and numbers, enabling a self-service process for budget-related questions.

Identify unspent funds: According to the vendor, Allovue promotes accountability for spending and can help identify unspent funds. They mention that one district using Allovue located $2M in unspent Title I funds, which were then repurposed to extend the summer school program.

Eliminate transaction errors: Allovue assists in identifying errors within the ERP system, ensuring that valuable funds are not left unused. The vendor cites an example where a district using Allovue found a duplicate entry for transportation, allowing them to allocate the $200,000 to another department's request.

Decentralize budgeting: Allovue empowers school-level leaders by decentralizing budgeting and facilitating collaboration with principals across multiple schools. The vendor highlights an example where a district using Allovue improved collaboration with principals across 74 schools.

Strategic Budgeting: Allovue enables districts to link budgeted expenses with school resource planning goals aligned with their strategic pillars. The software connects accounting and staffing data in one place, allowing districts to fund their staff roster, split-fund positions, and create supplement pays. According to the vendor, this feature ensures that budgets reflect the priorities of the school district.