FMIS announces new healthcare partner
FMIS has announced a new partnership with the market leader in business support services for the NHS. NHS Shared Business Services will supply FMIS Fixed Assets and IFRS 16 Leasing software to their clients.
FMIS has announced an exciting new partnership to bring their industry-leading Fixed Assets, Lease Accounting and Asset Tracking solutions to the NHS through a new strategic healthcare partnership. NHS Shared Business Services is the market leader in business support services for the NHS, providing finance, accounting and procurement solutions to 40% of trusts in the United Kingdom. To date, they have saved their clients over £400 million.
With the April 2020 deadline fast approaching for Trusts to ensure compliance with the new IFRS 16 leasing standard, FMIS Lease Accounting provides a fully compliant solution. FMIS enables trusts to track all of their leases and automates the calculations required for IFRS 16. Flexible payment schedules and the ability to make changes to leases mid-term help to save time and ensure accuracy for finance teams.
Trusts are under intense pressure to cut costs and improve efficiency. FMIS Fixed Assets provides the tools to manage assets more effectively by reducing ghost assets, eliminating unnecessary insurance premiums and improving asset utilisation. Finance teams can control capital spend, assets under construction and improve budgeting while automating period end calculations and journal postings.
FMIS solutions have been successfully deployed by NHS Trusts across the UK for more than two decades to track, account for and manage assets more efficiently. For more information about FMIS solutions for your organisation, please contact us online or call the offices on +44 (0) 1227 773003.
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