Foresight

Foresight is a straightforward budget and five-year planning tool which has been used by single academies and multi-academy trusts for over five years. Foresight was designed by education and finance specialists; the software built during the course of creating multiple budgets for academies of all types and sizes.

The main concept that differentiates Foresight as a tool is the ability to create your budget against your chart of accounts. Typically, other budget tools require you to budget against generic headings and then attach to your nominal structure at the end.

Foresight therefore makes it much easier for staff at all levels to understand the budget setting process, as it integrates with your accounting package through using the exact same coding structure.

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Key Feature's include;

  • Budget setting by client's chart of accounts

  • 5 Year Planning

  • Inflation projections

  • Student number projections

  • Student number variations by detail line

  • Comprehensive staffing calculator including maternity calculations

  • Detail can include more than one use of identical nominal/ cost centre combination. This is vital to be able to create full budget working papers for complete visibility of what is included in the budget

  • A suite of Reports including: Staffing Reconciliation Report, TLR Report, Cost centre breakdown, Governor's summary report and a Dashboard

  • Capital funding segregation including transfer from revenue

  • Self-reconciling budget Import template creation for accounting software

  • Full user training including manuals