FOR FURTHER EDUCATION
IMP Finance
Financial management for
further education colleges.
Every funding stream lands against the right budget line the first time, with one ledger across every college and trading activity. Month-end becomes a check, not a clean-up.
FOR FURTHER EDUCATION
IMP Finance
Financial management for
further education colleges.
Every funding stream lands against the right budget line the first time, with one ledger across every college and trading activity. Month-end becomes a check, not a clean-up.
★★★★★ Excellent 4.9 out of 5, from 77+ reviews on ★ TrustPilot
Why FE Colleges choose IMP Finance
Every funding stream, finally tracked.
Most finance tools were not built for the way FE colleges operate. Actuals don’t land where budgets sit. Approvals happen outside the finance system. Month-end becomes a correction exercise. IMP Finance changes this.
IMP Finance is a finance platform built on budget-led design. Purchase orders, invoices and journals post against the budget, not against a nominal code, so actuals land correctly the first time. Your finance team sees what’s left against every budget line, any day of the month. Less time on rework, more time making decisions.
100%
Month-end becomes checking, not changing.
With IMP Finance the reclassifications disappear. The “actuals over here, budgets over there” split is gone. The coding inherits from the budget and follows the transaction all the way through.
Your finance team sees what’s left against every budget line, any day of the month, without waiting for month-end. Less time on rework, more time on the analysis that actually drives decisions.
WHAT YOU’LL GET
At a glance: Features that drive accuracy.
01. POSTING
Budget-led posting.
Every transaction inherits its nominal coding from the budget pot. Not the other way around.
02. ANALYSIS
Multi-dimensional analysis.
Tag every transaction by activity, project, fund or individual.
03. MONTH-END
Month-end in days, not weeks.
Actuals land correctly first time. So month-end is checking, not correcting.
04. BANK REC
Bank rec in minutes.
Open Banking live feeds, one-to-many matching, every account your college runs in one screen.
05. YEAR-END
Year-end without the wait.
Start the new year before last year is closed. Once it’s done, it stays done, so nothing shifts after sign-off.
REPORTING AND ANALYSIS
Every figure at your fingertips.
See the full story behind every figure
Drill from any summary number to the underlying transaction. Every posting, approval and payment has a full audit trail: who did it, when, and against which budget. Run reports the way your finance team works, not the way the system imposes. Filter by campus, department, fund, or any combination. Save the queries you run most.
Every reporting dimension your college needs
Every transaction can carry multiple layers of analysis. A capital project. A residential trip. An individual staff member. So, when you need to report on it, the data is already there, cut exactly the way you need it. No rekeying, no spreadsheets.
Built around how you operate
Whether you're a single-site college, a multi-campus group, or somewhere in between, IMP Finance flexes to your structure.
WORKFLOWS AND CONTROLS
Smarter workflows. Simpler days.
Approvals where Finance needs them
Approval workflows run where Finance needs them: payment runs, journals, VAT return postings and period close adjustments. Set the rules once, and IMP Finance routes each document to the right approver and records the decision. Every approval has a full audit trail: who approved what, when, and against which budget.
Payment runs, flexed to your structure
Run a single payment across every campus, a specific site or one account at a time. Approval workflows sit inside the run itself. Generate the BACS file, send the remittances, close the loop. Direct debit suppliers can be excluded automatically, so nothing gets paid twice.
CUSTOMER STORIES
Built for education. Coming to FE colleges.
IMP Finance is now live. Finance leaders on IMP, in their own words. Your college could be next.
Will Jordan
Co-founder and CEO, IMP Software
BUILT & SUPPORTED BY EXPERTS
Support from people who've lived it.
We know what it’s like to manage education finance, because we’ve lived it. When something needs answering, you get a support specialist who knows the platform inside out, backed by a team of former education finance professionals. Not a script, not a ticket queue. Specialists sit behind every conversation
SUPPORT ANSWERED IN
Under 30
seconds
Not 24 hours.
Not next week.
Most providers leave you lagging a ticket and waiting days. We answer in under 30 seconds on average, and that bar hasn’t moved in seven years.
BUILT & SUPPORTED BY EXPERTS
Support from people who've lived it.
We know what it’s like to manage education finance, because we’ve lived it. When something needs answering, you get a support specialist who knows the platform inside out, backed by a team of former education finance professionals. Not a script, not a ticket queue. Specialists sit behind every conversation.
SUPPORT ANSWERED IN
Under 30
seconds
Not 24 hours.
Not next week.
Most providers leave you lagging a ticket and waiting days. We answer in under 30 seconds on average, and that bar hasn’t moved in seven years.
Ready to see it in action?
with actuals that land right first time and numbers you can trust.
IMP FinanceFAQs.
IMP Finance connects directly to bank accounts via Open Banking, with live feeds refreshing multiple times a day. Transactions pull into a dedicated reconciliation screen, where matching can be done one‑to‑one, one‑to‑many, or many‑to‑many across all college accounts and trading subsidiaries.
Yes — payment runs can cover every account, a specific campus, or a single ledger, and can span multiple ledgers in one run. The approval workflow sits inside the payment run itself, and once approved, a BACS file is generated for upload to the bank with remittance advices produced automatically. Direct debit suppliers can be excluded so nothing gets paid twice.
IMP Finance is fully browser-based, with nothing to install and works across devices. Finance, Purchasing, Planner and ICFP share a single database, so there's no integration needed between IMP products, and it's designed to sit alongside an existing MIS and student records system.
It involves three journals. Two periods can be open at the same time, so closing out the previous year doesn't block the current operating month. The year-end process can be run as many times as needed, only picking up transactions posted since the last run, and closed periods stay closed — not even administrators can post into them.
Early adopters sign up under a cancellation clause allowing them to walk away risk-free up to go-live and for a defined period afterward. The company states it earns revenue by building a product customers want to stay on rather than by locking them into contracts.