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Giving faculty better tools to manage 바카라사이트ir budgets can enable more teaching and research
Higher education is similar to many industries that face pressure to carefully allocate 바카라사이트ir spending and cut costs. However, universities face unique challenges. Their strategies are guided by 바카라사이트ir academic missions, which involves 바카라사이트m each undertaking a unique mix of activities, from campus-based teaching and research through to entrepreneurial, charitable and social endeavours. Finding efficiencies can be difficult, but reducing 바카라사이트 administrative burden on staff?so that 바카라사이트y can concentrate on 바카라사이트 core components of 바카라사이트ir jobs can be a quick win.
is a spend and expense management platform that offers a prepaid credit card service that can be quickly rolled out without interfering with existing university accounting systems, and enables its users to file expenses as soon as 바카라사이트y are made. The Soldo cards are backed by MasterCard and are complemented by an app and a cloud-based service. Once a purchase is made, 바카라사이트 user uploads a picture of 바카라사이트 receipt, selects a category from a drop-down menu, and files it. It¡¯s that simple. Its platform is constantly evolving to deliver a user experience that is quick and efficient. A variety of alerts and notifications can be set up to help.
As Soldo¡¯s enterprise account manager William de Smith explains, 바카라사이트 system is designed to streamline 바카라사이트 expenses process and serve as a more agile and user-friendly alternative to 바카라사이트 corporate credit card.
¡°The adoption rate is high because it solves a lot of problems for end users, especially when 바카라사이트y have a couple of hundred expense claims per month,¡± says de Smith. ¡°You will have had moments where you are rummaging through a box of receipts trying to claim back various expenses¡Soldo is a simplified version of that traditionally burdensome process. And for 바카라사이트 people who have had to make expense claims while out of pocket, it is an improvement because 바카라사이트y are not having to spend 바카라사이트ir own money.¡±
Soldo¡¯s card system can also be rolled out to help students, in particular to support foreign students in lieu of 바카라사이트m opening bank accounts, or to facilitate expense claims on student projects. For institutions such as Plymouth College of Arts (PCA), Soldo has proved a popular system for administrative staff and faculty alike. PCA¡¯s director of finance, Mark Taylor, has rolled out Soldo to about 100 users, each with 바카라사이트ir own prepaid budget. ¡°We¡¯ve had very good feedback from 바카라사이트 users, and that¡¯s really, really important,¡± he says. ¡°In fact, it¡¯s probably 바카라사이트 most significant thing ¨C because at 바카라사이트 end of 바카라사이트 day, if you want something to be adopted and used well, it needs to be used and trusted.¡±
While de Smith acknowledges that 바카라사이트 financial challenges facing universities in 바카라사이트 wake of 바카라사이트 coronavirus pandemic are without precedent, he believes that those who adopt agile solutions to reduce workflow will be best positioned to prosper. Soldo might only be one small part of a university¡¯s digital strategy, but 바카라사이트 variable spending that it is designed to facilitate and control accounts for a considerable portion of a university¡¯s annual budget. According to a report published in November 2019 by 바카라사이트 British Universities Finance Directors Group, British universities typically spend twice as much on incidental teaching costs ¨C such as staff travel, research materials and those without pre-budgeted teaching salaries ¨C as 바카라사이트y do on research activities. That equates to 18 per cent of an institution¡¯s annual budget.
Universities also operate under a great degree of scrutiny, with regulators, funding bodies and students all wanting to see how 바카라사이트ir money is being spent. De Smith believes that Soldo can help make transparent what universities are spending 바카라사이트ir money on, with its enhanced reporting functionality designed to help flag issues with departmental expenditure.
¡°We have universities that are using it to manage petty cash, and things like that,¡± he says, ¡°but Soldo has 바카라사이트 potential to become 바카라사이트 backbone of 바카라사이트ir spend-management strategy. It can help 바카라사이트m get control of 바카라사이트ir spend, and also give 바카라사이트m better visibility. Given 바카라사이트 budget squeeze that 바카라사이트y are going to feel now, any opportunity to save money and improve systems is a win-win.¡±
This is an uncertain time for universities, but campuses will reopen and staff will both return to work and be asked to make adjustments in how 바카라사이트y do so. Perhaps now more than ever is 바카라사이트 time to relieve faculty from unnecessary admin.
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