28/10/2020
View my financial insights (VMFI) tool update is now live
The ESFA have updated the view my financial insights (VMFI) tool, a data insights tool used by finance teams in academy trusts. The VMFI tool provides academies with rapid feedback from their financial data submitted to the Department for Education, offering guidance and advice on a range of key financial indicators.
New features added to the tool include:
- forecasts and risks – view metrics based on your budget forecast return data and get specific recommendations to tackle risks
- integrated curriculum and financial planning (ICFP) – by adding a few extra data cells into VMFI you can create a high-level dashboard of ICFP metrics
- data modelling
- commercial resources
- new access to some services– governors will soon have the ability to log into the VMFI tool and view read-only data
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