Services for schools and local authorities

IBC – Transactional Finance


We offer schools an effective and efficient service for creditor payments, processing income, banking and managing cash. Our financial services are offered using the County Council’s established SAP system, which provides enhanced security, linking (where appropriate) to your own bank account. Through this route, we aim to help manage business and continuity risks for schools and academies, and limit risk exposure associated with change.

  • Service features

    Creditor payments

    • Central payment of invoices and travel claims.

    • Payments via BACS or cheque.

    • Setting up standing orders and direct debits.

    • Central processing of utility bills and maintenance of a list of suppliers including Construction Industry Scheme (CIS) certificate details.


    • Processing of remittances received centrally or banked locally.

    • Maintenance of customer master data.

    Cash management

    • Advice on banking issues.

    • Facilities for paying in cash and cheques.

    In addition we can offer

    • Car loans.

    • Online income facilities.

  • Benefits to schools

    • Efficiencies generated by using a central system for creditor payments and income processing.

    • Access to centrally maintained master data for customers and suppliers.

    • Reductions in utility costs as a result of utility invoices being processed centrally enabling access to bulk purchase discounts and rebates.

    • Reduced transactional costs as a result of the consolidation of payments to suppliers from multiple establishments.

    • Cost effective delivery through significant economies of scale.

    • Provided on a SAP platform integrating aspects of finance, HR and procurement.

  • Contact


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