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Thursday, 28 May 2015 14:09

Advanced launches SaaS-based financial management solution for local authorities

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Service and business applications provider Advanced Business Solutions has launched Advanced SaaS Financials a cloud-based financial management system aimed at district and borough councils.

Advanced is one of the largest suppliers of financial software in the public sector - one in four local authorities already use their systems - and they expect that number to grow with the release of their cloud-based Advanced SaaS Financials especially if their estimates on cost savings are true.

Public sector organisations are being urged to embrace cloud-based solutions and break away from the financial burden of maintaining legacy software and hardware. But according to research, nearly a third of councils have yet to use a cloud service despite facing the prospect of a funding shortfall of £12.4 billion by 2020. Yet the rewards of moving to SaaS are huge Advanced estimates by substituting traditional long-term IT contracts for this annual fee cloud offering will offer reductions of 25% to 60%.

Advanced SaaS Financials automates the management of core every day financial processes and includes workflow-driven electronic invoice and payment handling functionality along with advanced purchasing controls. The system works seamlessly on desktop, tablet and mobile devices to provide remote access to real-time information and customised on-demand reporting.

Dean Dickinson, Managing Director of Advanced Business Solutions (PS & E Division), says, “Many local authorities have exhausted the most obvious ways to make limited resources stretch further. Organisations which tie themselves into expensive, long-term IT contracts risk being unable to preserve vital frontline services due to spiralling costs."

Advanced SaaS Financials can be accessed by leading Government frameworks, including G-Cloud 6 and the Crown Commercial Service’s (CCS) RM1042 agreement and are hosted and underpinned by robust security level agreements (SLAs), which are fully compliant with Government EU data requirements.

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