Rediker Software Improves PK – 12 School Accounting with the Release of FINACS Version 3

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FINACS 3, the school fund accounting solution that is fully integrated with Administrator’s Plus, brings many new features and updates for a better user experience and school accounting workflow.

FINACS 3 brings many new features and updates for a better user experience and school accounting workflow.

FINACS 3 brings many new features and updates for a better user experience and school accounting workflow

We are extremely happy with the results, and we're excited to introduce these improvements to our schools.

July 22, 2015 - Rediker Software, a leader in school administrative software, announces the release of FINACS Version 3 – Accounting for Administrator’s Plus. Since 2005, Rediker Software schools have come to rely on FINACS fund accounting software for it’s easy to use, fully integrated financial reporting capabilities. With the release of FINACS 3, customers will have an even better user experience, with new features including navigation by favorites and icons, a new tabbed format, an updated search feature and ACH capability for receiving payments.

“We have worked very hard to bring FINACS to this next level, said Project Manager David Tivoli. “The new tabbed format, navigation by favorites and icons, and updated search options give our customers the tools they need to effectively manage their workload.“ Tivoli added, “We are extremely happy with the results, and we’re excited to introduce these improvements to our schools.”

Rediker Software listened to the hundreds of school clients currently using FINACS to understand their needs. For example, when customers saw the need for a secure payment method, ACH capability was added and a NACHA file can now be generated in FINACS 3. This file can be used to allow any bank to receive payments directly from a parent’s bank account. NACHA files are set up and run via a utility export and each record can be modified to the specifications of an individual’s bank.

In addition, when schools asked about including a search feature to look for external files, an ‘Attach Files' icon was added. As a result, external files can now be attached to a transaction when working in any module. By clicking on ‘Attach Files’ the Portfolio dialogue box is launched to specify the file to be attached.

FINACS 3 now offers a range of additional new features including:

Family/Sponsor Central - The new Family/Sponsor Central screen provides family information at a glance. Opened screens can be accessed using tabs; icons help facilitate student linking, exporting and printing, and button actions let the user create charges, add credit, make payments, and issue refunds.

Billing Services - In addition to the powerful batch entry features, dual-currency support and flexible definition of charges, the Student Billing module now allows for each recurring billing code to contain different charge amounts, as well as to point to a different ledger account. Billing codes can also be copied and then modified with new codes and details. A new “Save As” feature also enables you to create a copy of the selected billing code to be modified.

New Dashboard - The new Dashboard enables you to easily view statistical data, create and customize what types of graphs are displayed, and choose a dataset from the Data Source list. Users can choose to display the screen at login or remove it. Graphs can also be customized to display those used most frequently.

“I think FINACS 3 is a great product,” said Suzanne Walsh, Director of Finance and Technology at Bishop Brady High School in Concord, NH. “It’s going to help increase my work productivity because the format is much more user-friendly. I also think the new, customizable dashboard will make financial reporting more efficient since it provides a better at-a-glance overview and easily accessible statistical data.”

Rediker Software’s newest version of FINACS offers unsurpassed integration of student demographic data and financial information allowing public, private and international schools to eliminate time-intensive tasks and duplicate entry processes. For more information about Rediker Software, please visit http://www.rediker.com or e-mail sales@rediker.com.

About Rediker Software
For over 35 years, Rediker Software has been a leader in school administrative software for private, public, international, religious and independent schools. Through its innovative solutions, Rediker Software helps schools in over 120 countries manage administrative tasks, maximize school-to-home communication and inspire student performance and success. The company’s products include Administrator’s Plus, a cloud-based SIS solution, TeacherPlus Gradebook, PlusPortals for parents and students, Admissions Plus Pro and Teacher Evaluator. Rediker Software offers experience, reliability, unsurpassed technical support, ease of use, and leading-edge features not found in any other system. For more information about Rediker Software, please visit http://www.rediker.com.

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Amy Anderlonis
Rediker Software Inc.
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