2024/2025 Service Definition

SIMS Financial Reporting Suite

About the Service

SIMS Financial Reporting Suite (FRS) is an additional licensed module for SIMS which can be purchased to provide additional functionality for Finance Officers and Business Managers. Using data from SIMS FMS, the module enables the user to produce enhanced and flexible high quality financial management reports, with both tabular and graphical representation.

Effective financial reporting has never been more important. There is an increased need to share clear financial data with senior leaders and governing bodies. Being able to present complex financial information graphically often makes it easier for non-financial staff to quickly understand the data being shared.

What are the benefits?

  • Save time on financial reporting processes.
  • Allows staff to build an accurate picture of the current financial position of the school, quickly and easily.
  • Instantly access school financial data, as SIMS Financial Reporting Suite (FRS) has dynamic links to the current SIMS FMS position (budget, actual and commitments) meaning FRS data is always up to date.
  • Reports can be exported to Excel or to a PDF file.
  • Graphical representation of data with area, line, or bar chart options.
  • Stand-alone module that is accessible through SIMS FMS.

What's Included?

Service Features

 Feature Description
Enhanced reporting SIMS Financial Reporting Suite (FRS) provides many new reporting features to FMS users. For example, users are able to annotate predicted variations with detailed notes. These can be saved and updated as necessary.
Interpret reports clearly and accurately Reports are clear and easy to understand and may be presented in both numerical and graphical form to meet the needs of different stakeholders, enabling clear interpretation of the financial position of the school or academy.
Reports for any financial year Reports can be produced for any financial year in FMS. This enables users to make year on year comparisons, look for trends and compile data for benchmarking purposes.
Drag and drop functionality Easy to build and tailor new reports using drag and drop columns and conditional formatting.
Additional functionality Functionality to enter forecasts against each cost centre / ledger code combination. Notes can be added to each cost centre / ledger code combination explaining reasons for variances and recommended actions, saving valuable time when looking back at previous decisions.
Export and print your reports Reports can be exported to Excel or PDF, formatted and ready to print.
Tailor your report presentation Features options to tailor the format and presentation of reports, including graphical presentations, area, bar or line charts.
Flexible Financial Reporting Data can be filtered by any number and combination of ledger codes, funds and cost centres, allowing greater flexibility in tailoring reports.
Budget Monitoring Facilitates comprehensive budget monitoring. Option to sub-group specific data, allows users to identify and track cumulative changes to current budget. Report Budget vs Actuals.