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Pilot MATs sought to try new accounting software
Multi-academy trusts (MATs) are being invited to become pilot sites to test new accounting software from iplicit, following its launch at Bett in March.
Research carried out for iplicit recently found that almost half (47%) of chief financial officers in MATs rate their software as “inadequate” or “requires improvement”. iplicit surveyed 200 CFOs working in existing MATs.
MATs are being offered the chance to take part in the project, under which they have access to iplicit’s true cloud accounting software, on preferential terms, until October 2023.
Users will have opportunities to provide regular feedback to the iplicit team and contribute to the development of the software specifically for MATs, to enhance the product further.
Alex Middleton, Business Development Manager at iplicit, said, “Opportunities to become pilot sites will be offered to a limited number of MATs and those taking part will have roundtable sessions with the iplicit development team, so their feedback can help with the continued evolution of the product beyond the launch edition.”
It is hoped the software will support help schools with the UK Government’s ambitious 2030 deadline for every school in England to become part of a MAT.
Middleton explains, "Given the average multi-academy trust is around three, to five schools, there will be a need for many to merge, or add additional schools - making it extremely important for education accounting professionals to have scalable finance software that is up to the job.
This requires a sharp move away from legacy software solutions, towards true cloud software that can connect to all aspects of the organisation - this is especially important with organisations such as MATs which have multiple legal entities.”
Middleton continues, “We can save MATs thousands of pounds, as our true cloud software can scale to support this growth and scaling - a common challenge for existing legacy, on-premise software.
Ultimately, the success of MATs will be intrinsically linked to having access to great technology which supports their processes including for their finance teams."
"We are ready and raring to welcome MATs onto our pilot scheme and to help to support them with their bespoke accounting needs,” concludes Middleton.
Interested MATs can find further information via iplicit’s website.
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