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- New solution to improve reporting, procurement and to devolve budget information to non-finance professionals

Bristol, UK, 23rd January, 2008 - Symmetry, a leading supplier of financial software has won a contract to provide an accounting system for Weston College based in Weston-Super-Mare. The new solution will meet the College’s drive towards improved reporting, paperless procurement and support for self-service accounting as part of its overall devolvement strategy.

College Accountant at Weston College, Stuart Payne explains their selection process following a tender involving five suppliers, “The decision to chose Financials from Symmetry was based on a number of factors. One of the first things that impressed us was the depth of its reporting, and its ability to automate our existing paper-based internal procurement system. We also wanted to increase efficiencies across the College, and encourage as much involvement of non-finance staff as possible. The functionality of the Symmetry product will broaden our capability so we can adopt a devolved approach. Using Financials, budget holders will be able to view clearer reports and also have the tools to initiate purchases electronically.”

The college also plans to extend its devolvement policy to e-procurement as a second stage of this initiative in the future.

He added, “Unlike our previous system, it is easy to create reports directly from the core finance system without involving separate spreadsheets. These reports can be highly personalised and this complements our move to devolved accounting, whereby budget holders have sufficient information to take more responsibility for their own expenditure.”

Weston College has four sites located in and around Weston-Super-Mare and provides over 800 courses to both full and part time students.

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Editor’s notes:

About Weston College:

Established in 1865, Weston College is one of the fastest growing Further Education Colleges in the UK, offering more than 800 full and part-time academic, work related and leisure courses to students from Weston-super-Mare and North Somerset. Since 1 April 1993, the College has been an autonomous public body. It is funded directly by central government via the Learning & Skills Council (LSC).

About Symmetry:

Symmetry is a software company that specialises in the development and supply of business-to-business financial solutions within the UK. The company’s core product, Symmetry Financials, is a fully integrated financial and management accounting solution already in use at over 100 UK organisations, ranging in size from £3M turnover to £250M turnover and with user populations from 2 to 800+ users.

The solution Financials includes General Ledger, Accounts Payable, Accounts Receivable, Commitment Accounting with purchasing and funds control, Assets, Information Manager, real-time reporting, secure e-procurement and comprehensive systems integration with Symmetry’s EasyLink.

Press Contact: Jane Moores, TTA Communications, 01225 731 317. E-mail: jmoores@ttauk.com

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