Building solid financial foundations in growing MATs

This 30-minute online learning session explores how iplicit's cloud-based accounting software addresses the top five challenges facing multi academy trusts (MATs) today. Drawing on research with school and MAT leaders, we demonstrate how modern finance systems can support growth while managing tight budgets, replacing legacy systems that weren't designed to scale, and providing real-time consolidated reporting across multiple schools without the duplication of effort or disproportionate costs.

Key points

• Top MAT challenges identified: Research revealed five critical issues - staff wellbeing and retention, balancing budget versus growth, legacy systems not designed to scale, alignment versus autonomy, and siloed data across multiple platforms
• Single environment solution: All schools and entities operate within one consolidated system with automated intercompany transactions, multi-entity posting capabilities, and real-time financial visibility across the entire trust without requiring separate databases or manual reconciliations
• Automation and efficiency: Built-in features include automated accruals and prepayments, configurable approval workflows down to line-level, unlimited dimensional analysis with DFE-compliant chart of accounts, and mobile app access for approvals and expense management on the go

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