Digital budget management
University Hospitals of Morecambe Bay NHS Foundation Trust, North West, Acute
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University Hospitals of Morecambe Bay NHS Foundation Trust, North West, Acute
The financial management team needs to maintain lists of budget holders, authorised signatories for specific budget codes and the staff who should receive monthly budget reports. This information is used by other finance staff, such as the accounts payable team to ensure compliance with the trust’s SFIs approval levels and so that only approved staff are authorising expenditure against the relevant budget codes. In addition, an accurate list is necessary to ensure that the right staff receive monthly budget reports.
How might we develop a paperless and easy to maintain list of authorised approvers and their cost centres? This needed to be available to all members of the finance department as a reference guide to ensure queries are directed to the right person the first time and systems are set up to ensure the approvers can access their relevant budget statements.
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Read now“This utilises data available within the Trust and reduces time for manual review.”
“This uses technology to free up staff time to focus on value adding activities.”
“The innovation has added value by having an accessible and timely data set.”
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