About Bridgwater & Taunton College Trust
Bridgwater & Taunton College Trust is a renowned educational institution located in the heart of Somerset, with three main campuses in Bridgwater, Taunton, and Cannington. It holds a prominent position as the leading Southwest provider for technical and professional training and has been honoured with the Ofsted Outstanding rating, recognised particularly for its exceptional performance in apprenticeships. The Trust's status as a chartered institute for education reflects its unwavering commitment to excellence in areas encompassing governance, leadership, professional development, teaching practices, and community impact.
Bridgwater & Taunton College Trust initially employed HCSS - Access Budgeting and Finance, but the limitations of their previous system necessitated a transition to Sage Intacct. They approached ION with the aim to:
- Simplify General Annual Grant (GAG) pooling and fund redistribution through Sage Intacct's multi-entity shared environment.
- Implement easy consolidated VAT reporting as a core feature of the new system.
- Facilitate real-time reporting via dashboards to minimize the time and cost of report production for key staff members.
Key objectives included:
1. GAG Pooling: Achieve the capability to report Key Performance Indicators (KPIs) by academy and for consolidation purposes, streamlining the distribution of centrally held income to schools.
2. Streamlined Purchase-to-Payment Processes: Reduce paper-based workloads by empowering staff to submit digital requisitions, preserving school autonomy while adhering to the school scheme of delegation.
3. Improved Reporting Flexibility: Enhance the reporting suite, enabling the inclusion or exclusion of elements in financial reports using interschool mapping and dimension grouping. Eliminate the need for manual spreadsheet creation and calculations.
4. Data Quality Improvements: Introduce system-based user restrictions on schools, departments, and dimension relationships to minimise coding errors and allow users more time to focus on activities outside the finance system.
Bridgwater & Taunton College Trust and Sage Intacct
Following ION’s delivery of Sage Intacct, Bridgwater and Taunton College Trust now has access to an intuitive financial management system designed to be both user-friendly and easy to comprehend. With the implementation of the Sage Intacct solution, the trust is equipped with a digitised purchase-to-payment process and an enhanced reporting suite that eliminates the need for manual spreadsheets and calculations.