Financial Benchmarking & Insights Tool
The Financial Benchmarking and Insights Tool (FBIT) is designed for schools and academy trusts to compare financial data and improve spending by the Department for Education.
Key features include:
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Comparison of Income and Expenditure: Users can compare their financial data with similar establishments in England.
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Improvement of Spending: It helps schools view and enhance their spending practices.
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Benchmarking Capabilities: Users can benchmark spending against similar schools and measure expected curriculum spending and staffing structure.
Click here to look at Newfold's most recent Financial Benchmarking
