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Allovue Balance (Now a part of PowerSchool)

Product Details

Website
https://allovue.com
Overview
Our software platform Balance helps K-12 administrators budget, manage, and evaluate spending. 

Balance Budget: Plan and implement your district's budget in a collaborative online environment
  • See allocations in an online collaborative space across departments or cost-centers, free of duplicate copies or broken formulas. Trust that you’re always working with the latest version of your budget - anytime, anywhere.
  • Budget managers can build their staffing plans with confidence because salaries and benefits are calculated correctly with the right account codes based on FTE and positions
  • Finance Directors can keep tabs on the budgeting process across the district with summarized data on FTE count and total allocated and planned dollars. Gain early insights on potential hiring needs or offer help to administrators who need extra support.
Balance Manage: View, track, and monitor spending in real time
  • Parse and filter financial data to analyze spending by year, fund, category, and program – or any other segment from your district’s chart of accounts.
  • Easily search and track purchases by vendor, description, date, or other transaction-level information.
  • Keep tabs on a particular grant, object code, or another expenditure with our Bookmarks feature. Log in and share bookmarks with other members of your team.
Balance Evaluate: Examine effectiveness, efficiency, and equity of spending pratices 
  • Analyze relationships between non-financial outcomes and your investments and allocations.
  • Analyze actual spending by location, student characteristics, academic performance, and other factors to better understand whether resource allocation processes are supporting fiscal equity.
  • Review tailored, regularly updated public profiles for each school to better understand budgets and spending patterns at the school-level and in comparison to district averages.
School Districts that use this:
Allovue
Allovue's software platform, Balance, integrates seamlessly with districts’ existing accounting systems and other data systems to help educators budget, manage, and evaluate spending. Allovue also provides supplemental services, including funding equity analysis, chart of accounts revisions, and financial management training.
Our software platform Balance helps K-12 administrators budget, manage, and evaluate spending. 

Balance Budget: Plan and implement your district's budget in a collaborative online environment
  • See allocations in an online collaborative space across departments or cost-centers, free of duplicate copies or broken formulas. Trust that you’re always working with the latest version of your budget - anytime, anywhere.
  • Budget managers can build their staffing plans with confidence because salaries and benefits are calculated correctly with the right account codes based on FTE and positions
  • Finance Directors can keep tabs on the budgeting process across the district with summarized data on FTE count and total allocated and planned dollars. Gain early insights on potential hiring needs or offer help to administrators who need extra support.
Balance Manage: View, track, and monitor spending in real time
  • Parse and filter financial data to analyze spending by year, fund, category, and program – or any other segment from your district’s chart of accounts.
  • Easily search and track purchases by vendor, description, date, or other transaction-level information.
  • Keep tabs on a particular grant, object code, or another expenditure with our Bookmarks feature. Log in and share bookmarks with other members of your team.
Balance Evaluate: Examine effectiveness, efficiency, and equity of spending pratices 
  • Analyze relationships between non-financial outcomes and your investments and allocations.
  • Analyze actual spending by location, student characteristics, academic performance, and other factors to better understand whether resource allocation processes are supporting fiscal equity.
  • Review tailored, regularly updated public profiles for each school to better understand budgets and spending patterns at the school-level and in comparison to district averages.
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