The Benefits of Integrating Finance Into Children’s Case Management Software
12th June 2024
Local authorities are facing a 6.2 billion funding gap over the next two years as well as the rising needs of children’s social care. to these circumstances, there develops a need for a greater visibility of their finances and how local authorities can efficiently continue to provide social care to individuals who need it the most. Despite a care-centric approach, local authorities need a complete picture of financial costs and the services available to better budget and monitor the financial costs associated with social care.
Budgeting
Having an integrated finance solution as part of a council’s children’s case management software enables wholly electronic, online management of scheduled payments, invoices and expense claims.
By saving both time and money, councils can divert funding into the frontline services. This also means that caseworkers can spend more time with children and families.
Reporting
Integrating finance information into existing Children’s Case Management Systems can help improve outcomes for children and families. Internal reporting can combine high-level data with individual service details to provide benchmarking information. This also opens an opportunity for potential cost savings to be identified. Better reporting of valuable information can also help to generate more accurate forecasting. This can lead to increased accuracy of proposed spend, further enabling better financial decision making. These reports will help to see current expenditure as well as projected FY costs, which helps councils ensure that they optimally use contracted services.
Reduced Admin
Finance solutions help with contracts and payments, with functionality for scheduled payments to individuals, and generation of batch payments interface to corporate finance. This reduces the administration of contracts and payment processes, saving time whilst also improving payment accuracy. Thus, driving operational efficiencies so the local authority and provider can better manage their time and workforce allocation.
Next Steps
If you’d like to learn more, you can now watch back our webinar on how to streamline your children’s social care financial management with our integrated solutions.
To speak to one of our friendly specialists, get in touch with our team today.
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