Transforming Financial Management for Schools with Innovify

Client

Relay

Platforms

Web

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Relay is a mid-sized financial service provider specializing in financial management solutions for K-12 schools across the UK. Their mission is to empower schools with advanced budgeting tools to streamline administrative processes and optimize financial decision-making.

Challenge

The education sector operates under tight financial constraints, requiring schools to maximize limited budgets while complying with regulatory demands. Many schools still rely on outdated, manual budgeting methods that lead to inefficiencies, errors, and missed opportunities for grants or cost-saving initiatives.

Inaccurate budget forecasting led to delays in financial decision-making, impacting on schools’ trust in Relay’s services.
Manual inefficiencies resulted in increased operational costs and wasted administrative hours.
Limited scalability prevented Relay from expanding their client base effectively, reducing their ability to onboard new schools efficiently.

Key Objectives

Transform financial management by replacing fragmented legacy systems.
Deliver a scalable, user-friendly, and data-driven financial planning solution.
Equip schools with better tools for accurate funding management.
Provide real-time budget visibility to improve financial decision-making.
Reduce operational costs by eliminating manual processes.
Enhance financial stability and operational efficiency for schools.

Solution

To address these multifaceted challenges, Innovify provided Relay with an AI-powered solution that integrated essential functionalities to streamline their operations. This solution included integrated timesheet and project tracking, enabling seamless workflow management and reducing administrative overhead. Moreover, it featured automated financial processing with AI-driven insights, offering real-time visibility into budgeting trends and enabling schools to make informed financial decisions. This technology not only improved the accuracy of financial planning but also enhanced the overall efficiency of financial operations within the schools.

Results

40% Reduction in Budget Planning Time: Schools using the new tool significantly improved their financial workflow.
35% Increase in Funding Allocation Accuracy: AI-driven analytics enhanced grant tracking and expenditure forecasting.
50+ Schools Onboarded in Year One: Rapid adoption of the platform increased Relay’s market presence.
25% Boost in Customer Retention:Improved service quality strengthened client relationships and referrals.

By integrating Innovify’s talent platform hiring and operational management solutions, Relay successfully transformed financial planning for K-12 schools. The partnership led to faster decision-making, improved budget accuracy, and stronger client retention, solidifying Relay’s competitive edge in the education finance sector.

Ready to streamline your operations with AI-driven hiring and workforce solutions? Let’s talk!