Bristol UK, 14th September 2006 - Symmetry, a leading supplier of financial software has won a contract to supply West Kent College with a new accounting system, following the Tonbridge-based Collegeβs decision to review all of its internal management systems to improve financial reporting. Symmetryβs Financials 9.0 software will initially support 50 users.
Commenting on the decision to upgrade, Terry Coleing, Assistant Principal for Finance & Funding at West Kent College said, βI discovered Symmetry whilst at Epping Forest College. Word gets around in the educational sector as to whoβs using what technology, and we tend to base our decisions on colleaguesβ recommendations. A key reason for selecting Symmetry at West Kent College was to improve our financial reporting and budgetary management. With Symmetryβs extensive reporting capabilities we can produce key management information and bespoke reports for projects, such as our capital budget programmes for spending on new College facilities.β
He continued, βThese reports help in decision-making and also enable us to track spending more efficiently to determine early on whether weβre going over or under budget. If we identify weβre coming in under budget, then we can re-allocate monies to other areas of the College for curriculum delivery or new teaching programmes. Previously it was very difficult for us to accurately track spending in these sorts of situationsβ.
He added βThe Symmetry system has also given us better control over College data in areas like payment handling, student invoices and purchase order commitment, helping these to become more seamless, by reducing paperwork and streamlining authorisationβ.
Using Symmetry, West Kent College can also attach codes to budgets for various projects in progress, helping to maximise control over expenditure. The college is constantly striving to improve its facilities and teaching programmes to attract new students, so it is vital they spend any funding they receive wisely.
In the future the college plans to make some of its financial reports available on its intranet, so that authorised users can access information more readily. The college is also in the process of setting up an Extranet and they will eventually place all of their financial information on here, so that outside bodies such as governors can access it remotely.
West Kent College is also at the early development stages of a new campus with an investment of Β£64 million. Once the new space is finalised, the college plans to change the way it stores information; by operating a financial system with data integrity, clarity of information and a clear audit trial, West Kent College hopes to create a paperless environment and the new Symmetry system will help them achieve this.
About West Kent College
West Kent College is located in the market town of Tonbridge in the heart of the Weald of Kent. Tonbridge is served by excellent rail links to the Sussex and Kent coasts as well as being just a 35-minute train journey from central London.
The College has 12,800 part-time and 2,300 full time students aged between 16 and 89. It employs circa 700 full and part time staff and offers over 500 academic and vocational courses both full and part time in a range of subjects at all levels from Level 1 (pre-GCSE) through to professional and degree level. Higher Education courses are delivered in partnership with the Universities of Greenwich and Kent.
The College aims to provide teaching and learning to the highest possible standard, to support this it has state-of-the-art IT facilities; a language centre, television, radio, art and photography studios as well as workshops and classrooms with interactive whiteboards, laboratories, a fitness centre, hairdressing and beauty therapy salons and kitchens. The College recently opened dedicated Construction Crafts and Engineering Centres facilities at North Farm Retail Park in Tunbridge Wells.
As well as holding Centre of Vocational Excellence (CoVE) status with South Kent College for training services to the Care sector, earlier this year the College achieved Action for Business College status for its commitment in engaging with the local business community. The dedicated Business Development Team provides advice to employers about training programmes including NVQs and Apprenticeships.
Symmetry is a software company that specialises in the development and supply of business-to-business financial solutions within the UK. The companyβs 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 Β£3M turnover to Β£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 Symmetryβs EasyLink.
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