The time spent by administrators chasing spreadsheets leaves little room for meaningful analysis. With the ability to bookmark certain groups of accounts, summarize transactions, and set reminders, Allovue makes it easy for budget owners to stay engaged in financial management throughout the year.
Drafting and finalizing budgets is always a dash to the finish line, but monitoring spending and account balances throughout the year is just as important. Allovue makes this work more accessible because data is searchable in plain English and clear visuals help monitor spending, encumbrances, and fund balances.
Only a handful of people have direct access to up-to-date spending information from a district’s ERP. Because Allovue fetches information from your ERP each night, budget owners can always interact with up-to-date information—without fear of “breaking” a spreadsheet or overwriting data.
Budget owners like principals ask a lot of questions: ”Am I over budget? Am I on track? Am I spending money the way that I planned?” Allovue takes the burden of fielding these questions off of the Central Office by creating access to budget and spending information that’s transparent and self-service.
It’s very hard to include administrators in the budget management process when they cannot easily monitor resource use over the year.
Accountability for budgets and spending erodes when the information is hard to understand or frustrating to access.
Responsible resource management is about having a plan, putting it into action, and evaluating whether those spending choices were the right ones. This last piece—monitoring resource use throughout the year—makes the whole concept of budgeting a process of continuous improvement.
Allovue helps budget owners manage their budgets with accuracy in a user-friendly format. It provides an easy way to filter and analyze spending and correlate dollars with outcomes.
Most districts are well acquainted with the back-and-forth sharing of account codes and numbers. With Allovue, budget information is displayed in clear visuals, stored in the cloud, and always accessible.
Encouraging accountability for spending can have surprising outcomes. One Allovue district located $2M in unspent Title I funds and repurposed those dollars to extend the summer school program.
Errors buried in your ERP leave valuable dollars on the table. One Allovue district found a duplicate entry for transportation and used the $200,000 to fund another department’s request.
School-level empowerment allows leaders to be more effective in delivering programs to support the needs of students. One district improved collaboration with principals across 74 schools with Allovue.
Allovue helps budget owners put the budget plan into action and evaluate spending decisions throughout the year. Keeping everyone informed keeps spending on track.
Timely information at your fingertips means your district can react to problems while it still matters and changes can still be made proactively, rather than after the budget year has ended.
Allovue connects to your ERP to bring principals and school-level staff into the budget conversation. By transforming dense accounting data into highlights and trends, Allovue ensures that budgets are successfully implemented through actual spending, purchasing, and procurement of resources.