article thumbnail

Budgeting In UK Schools: MAT, Academy Budgeting Challenges and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These objectives should align with the school’s mission and long-term strategic plan. This pooled fund is then redistributed based on each academy’s specific needs and circumstances within the trust.

Finance 52
article thumbnail

GAG Pooling: What Is It, Challenges, and Benefits

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. GAG pooling is a strategic approach in financial management where the GAG funding of all schools within a MAT is combined into a single, central fund. How to gain visibility and control of your indirect spend.

Finance 52