The integration between Edstruments and Sage Intacct allows for seamless updating of financial records from a school network’s accounting platform to the Edstruments platform. Specifically, it regularly pulls updated transaction data from a network’s Sage Intacct instance to update the budget to actuals data within the Edstruments platform. This ultimately allows school leaders to have a more consistent and clear view of their budget to actuals within an easy to use budget management system. It also reduces the amount of time that central office has to spend clarifying information or having one on one meetings to communicate financial data to relevant decision makers.
This partnership eliminates any extra steps required for central office to update records and minimizes interaction with an additional system while ensuring communication of financial information is as clear as possible to school leaders.
Sage Intacct users would be able to use the Edstruments platform more efficiently and effectively by bypassing the manual export and import of transaction data. In effect, that data would be automatically pulled from Sage Intacct, eliminating both the possiblity of human error and any time delay between transactions hitting the books and being visible for budget owners. This enables a more cost effective yield of the Edstruments key value propositions:
Sage Intacct Web Services; Using Sage Intacct as primary accounting platform and storing General Ledger there.
Based on student population
Edstruments is a cross between an edtech and fintech company - we serve public school administrators by supporting them in their financial management processes. Our flagship application is a financial dashboard that can be used by everyone from district CFOs to school leaders and individual budget owners to make more effective, equitable, and transparent decisions with resources. Our platform saves central office time, makes it easier for school leaders to engage with their finances, and results in more effective resource allocation for students.