Available to maintained schools only as a bundle through our partnership with Hampshire County Council. IBC must be taken with education finance and personnel Services. View prices for this service.
IBC is an effective and efficient service for creditor payments, processing income, banking and managing cash.
What does the service offer?
- Central payment of invoices and travel claims.
- Payments via BACS or cheque.
- Setting up standing orders and direct debits.
- Central processing of utility bills and maintenance of a list of suppliers including Construction Industry Scheme (CIS) certificate details.
Income
- Processing of remittances received centrally or banked locally.
- Maintenance of customer master data.
Key benefits to the school
- Efficiencies are generated by using a central system for creditor payments and income processing.
- Access to centrally maintained master data for customers and suppliers.
- Provided on a SAP platform integrating aspects of finance, HR and procurement.