Allovue streamlines school financial management processes into one application that helps school leaders navigate the budget process, manage multiple funding streams, track expenses, allocate spending money to teachers, identify trends over time, and plan for future capital investments.
Recent trends in education policy and management decentralize budgetary and spending decisions to the school level, making principals de facto CFOs in addition to their roles as instructional leaders. Principals are accountable for ensuring that school spending drives student achievement in addition to satisfying complex restrictions. Funds are misallocated on purchases that don’t impact learning, misspent according to funding compliance, or expire because the balances are unknown. Allovue’s tools enable school leaders to proactively determine where dollars are best spent through the aid of algorithmic analysis and peer-based insight.