Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Finance

The great school return: UK schools reveal increased pressure to do more with less funding and resources

school children and their teacher in a high school class BFJeoKwRrj - Global Banking | Finance
  • 87% of schools are expected to do more with less funding in 2021
  • 90% of school leaders say string data and analysis is a significant issue impacting workload
  • IRIS reveals the future success of schools is rooted in on-demand access to Management Information Systems software

New research from IRIS Software Group (IRIS), one of the UK’s largest privately held software companies, has revealed the majority (87%) of leaders in schools and Multi Academy Trusts (MATs) across the UK were expected to do more with less funding and fewer resources in this academic school year; with 80% saying funding was a barrier to bringing new technology into schools and MATs.

According to the National Audit Office, schools were asked to make savings of £3 billion in 2019-2020. As a result, efficiency is now front of mind for educators looking to roll out or update school technology systems.

The findings support the general feeling of disappointment in the lack of funding provided to support students in catching-up on their education through increased tuition time. The research found the biggest barriers to the introduction of new technology is funding, with 77% of respondents saying this was the first and second most limiting factor.

The pandemic highlighted the need for educators to be able to respond quickly to rapidly changing circumstances, while ensuring minimal disruption to students’ learning. This is reflected in the research, with 76% ready and willing to evolve to new technological solutions, agreeing the immediate and future needs of schools are rooted in on-demand access to Management Information Software (MIS). The benefits of which include improving communication, creating simple audit trails across teams, relieving time pressures, and increasing effectiveness across MATs.

Simon Freeman, MD of Education at IRIS Software Group says “No modern organisation can survive for long without using some sort of MIS to manage the vast amounts of data – the same goes for schools and MATs. Preparing schools for an uncertain future is a key role for educational technology.

“Schools and MATs need the right tools to navigate the requirements of stakeholders – parents, government or the demands of Ofsted. With blended learning here to stay, MIS software must be the cornerstone of education technology to ensure schools and MATs can effectively support the learning outcomes of students and improve their life chances.”

The survey also identified gaps in school technological capabilities; nearly half (44%) of respondents did not have apps for teachers to capture work and assessments. Furthermore, only a quarter (26%) have an online payments platform, and just 39% had the capacity for parents to view student data. A future-fit MIS would need these capabilities, as modules or APIs, in order for all data to be integrated into one repository. This is beneficial so teachers and leaders can have one place with a clear, holistic view of each student’s activities and data, wasting less time on searching for information, and spending more time on educating.

Download the new insights paper titled ‘Are Education Management Information Systems Future-Fit?’, which uncovers the challenges currently faced by schools and MATs.

About the research

IRIS Software Group conducted a reader survey in conjunction with EdExecutive. In total, 265 responses were received. Respondents worked in primary schools, school leadership or business management roles. Geographically, respondents were drawn from all areas of the UK.

About IRIS Software Group

IRIS Software Group is one of the UK’s largest privately held software companies. It exists to take the pain out of processes and let professionals working in businesses and schools focus on the work they love.

IRIS provides software solutions and services for finance, HR and payroll teams, educational organisations, and accountancy firms that helps them comply with regulations, drive productivity and better engage with key stakeholders. Through simplifying, automating and providing insights on everyday mission-critical tasks for organisations of all shapes and sizes, IRIS ensures customers can look forward with certainty and confidence.

IRIS has over 100,000 UK and international customers with 80% having a tenure of five or more years. IRIS is the largest third-party online filer with the UK Government. Ninety of the top 100 UK accountancy firms and 50 of the top 100 US CPA firms use IRIS software. Circa 20% of the UK’s workforce is paid by IRIS payroll offerings. More than 850,000 UK employees are managed by IRIS HR solutions. Over 12,000 UK schools and academies use IRIS, with four million parents and guardians using IRIS apps to connect with their children’s school; 300 million messages are delivered between schools and parents each year, and over £15 million transactional payments are processed every month. IRIS is placed in the Sunday Times PwC Top Track 250 and the Megabuyte50, and is certified as Great Place to Work ®.

To see how IRIS helps organisations get things right first time, every time, visit www.iris.co.uk or follow IRIS Software Group on LinkedIn, Twitter and Instagram.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post