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RM Education Ltd

RM Finance

RM Finance is an intuitive and straightforward online financial management system for administering school finances and budgeting. Please refer to onboarding and offboarding section for exit plan details.


  • Accounts payable transactions
  • Cash management
  • Purchase orders
  • Sales Invoicing
  • Budgeting
  • Payroll monitoring
  • CFR return
  • 24/7 access
  • Automatic backups
  • Comprehensive reporting system


  • It’s easy to use and saves valuable time
  • It meets strict accounting and audit requirements
  • It has straightforward transaction processing
  • Powerful and flexible reporting
  • Accessible from anywhere with an internet connection
  • Secure data storage with automatic backup is also available
  • No formal financial background is required
  • Links with your MIS via the budgeting package
  • Remote support is available


£810.00 to £1,365.00 a licence a year

  • Free trial available

Service documents

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G-Cloud 13

Service ID

7 8 4 3 4 7 2 1 5 2 7 5 7 0 4


RM Education Ltd RM Education Ltd
Telephone: 08450 700300

Service scope

Software add-on or extension
What software services is the service an extension to
RM Unify
Cloud deployment model
Private cloud
Service constraints
Requires an internet connection.
System requirements
  • Internet browser
  • Supports Firefox, Chrome, Microsoft Edge
  • Internet

User support

Email or online ticketing support
Email or online ticketing
Support response times
During working hours within a day. No response outside of this.
User can manage status and priority of support tickets
Phone support
Phone support availability
9 to 5 (UK time), Monday to Friday
Web chat support
Onsite support
Yes, at extra cost
Support levels
We have 1st, 2nd, 3rd and 4th line support. Support costs are included in the price of the software. No technical account managers or cloud support engineers are provided.
Support available to third parties

Onboarding and offboarding

Getting started
RM Finance is simple to use. As part of the initial sale we provide onsite training. We can also offer online training.
A comprehensive help system is provided with the product.
Service documentation
Documentation formats
  • HTML
  • PDF
End-of-contract data extraction
The data can be exported to csv or printed on reports.
End-of-contract process
We send the customer a reminder at least 1 month before the end of the service to let them know it will end and how to renew.
There are no additional costs to decommission the service.
At the end of the contract, access to the service is lost and the data is deleted 60 days later. The end of contract process is managed to let the customer know what is happening at each stage of the process.

Using the service

Web browser interface
Supported browsers
  • Microsoft Edge
  • Firefox
  • Chrome
Application to install
Designed for use on mobile devices
Differences between the mobile and desktop service
The service will work on internet connected Tablets that support modern browsers. It does not have a user interface suitable for mobile phones
Service interface
User support accessibility
None or don’t know
Description of service interface
RM Finance is a web based application that has been structured intuitively to enable users to complete tasks within the application. It is designed to be easy to navigate, understand and use.
Accessibility standards
None or don’t know
Description of accessibility
RM Finance works with browser zoom to enable users to navigate the full page when in zoom. Users can use the keyboard to complete actions. There is no requirement for transcript as there is no audio. RM Finance does not currently use alt text.
Accessibility testing
No testing done.
What users can and can't do using the API
Users can configure the API within RM Finance using a unique code obtained from RM Integris. This allows RM finance and RM Integris to be linked through the RM Finance budgeting module.
Users are then able to import staff data from RM Integris into RM Finance and use this data within the budgeting module.
API documentation
API documentation formats
API sandbox or test environment
Customisation available
Description of customisation
The system can be customised to suit the user. This includes, cheque printing layouts, transactional options, levels of access to different areas and the Chart of Accounts. There are also Local Authority reports.


Independence of resources
The product is hosted in Microsoft Azure and is able to auto-scale according to service utilisation. The monitors are able to react within 30 minutes.
We monitor and report on user APDEX scores to ensure that the service is fast and responsive for customers.


Service usage metrics
Metrics types
We monitor the service using Azure monitoring tools.
For end users there is a full audit log of activities carried out in the program.
Reporting types
  • Regular reports
  • Reports on request


Supplier type
Not a reseller

Staff security

Staff security clearance
Staff screening not performed
Government security clearance

Asset protection

Knowledge of data storage and processing locations
Data storage and processing locations
European Economic Area (EEA)
User control over data storage and processing locations
Datacentre security standards
Supplier-defined controls
Penetration testing frequency
At least once a year
Penetration testing approach
Another external penetration testing organisation
Protecting data at rest
Physical access control, complying with SSAE-16 / ISAE 3402
Data sanitisation process
Data sanitisation type
Deleted data can’t be directly accessed
Equipment disposal approach
Complying with a recognised standard, for example CSA CCM v.30, CAS (Sanitisation) or ISO/IEC 27001

Data importing and exporting

Data export approach
Users can print, export to CSV/Excel or PDF.
Data export formats
  • CSV
  • Other
Other data export formats
  • Excel
  • CSV
  • Pdf
Data import formats
  • CSV
  • Other
Other data import formats
  • Xlsx
  • Pdf

Data-in-transit protection

Data protection between buyer and supplier networks
TLS (version 1.2 or above)
Data protection within supplier network
TLS (version 1.2 or above)

Availability and resilience

Guaranteed availability
No fixed SLA though we do aim for >99.5 % uptime
Approach to resilience
Available on request
Outage reporting
Internal monitoring, email alerts and a public Status dashboard.

Identity and authentication

User authentication needed
User authentication
Username or password
Access restrictions in management interfaces and support channels
RM Finance uses a custom Roles based permissions system for management and support teams.
Access restriction testing frequency
At least once a year
Management access authentication
  • 2-factor authentication
  • Username or password

Audit information for users

Access to user activity audit information
Users have access to real-time audit information
How long user audit data is stored for
At least 12 months
Access to supplier activity audit information
Users have access to real-time audit information
How long supplier audit data is stored for
At least 12 months
How long system logs are stored for
At least 12 months

Standards and certifications

ISO/IEC 27001 certification
Who accredited the ISO/IEC 27001
Certification Europe
ISO/IEC 27001 accreditation date
What the ISO/IEC 27001 doesn’t cover
Commercial functions
ISO 28000:2007 certification
CSA STAR certification
PCI certification
Cyber essentials
Cyber essentials plus
Other security certifications

Security governance

Named board-level person responsible for service security
Security governance certified
Security governance standards
ISO/IEC 27001
Information security policies and processes
RM has the following security policies:
RM Group Security Policy.
Acceptable Usage Policy and Security Guidelines ("AUP").
Backup Policy.
Data Classification and Handling.
Data Protection.
CCTV Policy & Guidelines.
Cryptographic Policy.
Incident Reporting Management & Forensic Readiness.
Legislative Compliance (Security) Policy.
Physical Access.
Protective Monitoring.
Vulnerability Management Policy.

All staff are required to read and acknowledge the AUP on an annual basis, as well as having security clauses in their contracts.

All staff must complete information security training when they join RM and annually thereafter.

Core functions, e.g. IT and HR, are subject to regular internal and external audit.
There is a network of Local Security Officers and the Group Security and Business Continuity Committee monitors compliance with polices.

Operational security

Configuration and change management standard
Supplier-defined controls
Configuration and change management approach
All deliverables are logged and tracked in Change Control tickets with implementation steps, an approval workflow, priority and rollback information where required. Issues affecting the security of the platform are peer reviewed by the Operations team and CAB.
Vulnerability management type
Supplier-defined controls
Vulnerability management approach
All public-facing IP addresses are subject to 3rd party vulnerability scanning on a quarterly basis. The results of these scans are reviewed by the development team and patches installed, the timescale of which will be governed by recorded priority.
Protective monitoring type
Supplier-defined controls
Protective monitoring approach
Operational service monitoring is undertaken through quarterly vulnerability scanning from an independent CREST approved vendor. Each issue is then tracked and given an appropriate priority by the Operations Manager. High priority issues will be reported within hours and dealt with as soon as possible, ie hours or days. Medium or Low priority issues will be prioritised within weeks.
Incident management type
Supplier-defined controls
Incident management approach
All security incidents are reported on an internal logging system. The log records nature and impact of incident, as well as potential preventative measures. All reported incidents are reviewed by senior management and evaluated at either divisional or Group security forums. Major security incidents would be managed according to a defined major incident management process.

Secure development

Approach to secure software development best practice
Supplier-defined process

Public sector networks

Connection to public sector networks

Social Value

Fighting climate change

Fighting climate change

When Di Booth joined RM to support us looking at our sustainability agenda, she was amazed by how much had already been done. Our New Product Development team were already introducing alternatives to virgin plastics that have a smaller ecological footprint and are bio- or waste-based. We have already reduced our carbon impact by 67% since we stopped our manufacturing business in 2014. In Harrier Park, our purpose-built new site in Nottinghamshire, we are installing solar power which will also result in a further 13% carbon reduction.
After seeing what was already in place, we brought together people in the business who are passionate about the environment to help create an environmental management and sustainable procurement management system that will seek certification to ISO 14001 in 2022. Through this we have developed an ambitious action plan that includes initiatives such as our RM Resources Quality and Procurement Team focusing on packaging on 36,000 products to reduce packaging to an absolute minimum and only use recyclable materials, RM ESI
researching how we can make our software lower carbon in use and Software Product Development trialing a new offsetting approach to their own carbon impacts which if successful will be offered to our customers. We are also working with HP on their Take Back Service where HP take back old devices from customer schools and give a credit so that they can be recycled. As a result, in the last year schools have received over £100,000 in credits.

Working with our Executive, we have now also launched a Sustainable Development Governance Panel and Monique Louis, the Managing Director of RM Resources, appointed as Chair. The Panel reviews our progress against plans, objectives and targets, carries out the management review of the management system, develops new strategies and reports to the Executive quarterly.
Equal opportunity

Equal opportunity

Here at RM, our purpose is to enrich the lives of learners worldwide. We are committed to reflecting the diversity of the customers and learners we serve, encouraging and supporting our people to be their true selves, to grow and thrive at work.
We are to creating an inclusive and flexible workplace where all our employees can be themselves and succeed on merit.
Without diversity of thought, we cannot continue to innovate and grow.

Earlier this year we completed a D&I audit, to help us understand how diverse and inclusive RM is today and to promote a culture of valuing diversity and inclusion where our employees could bring their whole selves to work. In response to the audit findings, employee volunteers from our D&I Advocates group have created a number of new employee networks to provide peer support and represent marginalised groups in RM by building communities that provide a safe space to be honest about the challenges they face in the workplace. The groups are led by employees who are part of the identity/identities the network represents, and they are used to not only provide peer support to marginalised employees but also to take group ideas, solutions and concerns to improve policies and practices and implement changes to the organisational culture.

Understanding that there are groups in society that are disadvantaged for reasons beyond their control and wanting to do something to address the inequality in our society is an important part of building a diverse and inclusive organisation.

Alongside the Women’s Network other networks are starting to grow, including a LBGTQIA network, the People of the Global Majority Network, and the Neurodiversity Network which is chaired by your bid lead Kevin Brooks.


£810.00 to £1,365.00 a licence a year
Discount for educational organisations
Free trial available
Description of free trial
We can provide full access to the system to try it out for up to 3 months.

Service documents

Request an accessible format
If you use assistive technology (such as a screen reader) and need versions of these documents in a more accessible format, email the supplier at Tell them what format you need. It will help if you say what assistive technology you use.