Our Services at a glance

• Banking Services
  • Interest on cash balances
  • Imprest bank account
  • Debit card and cheque payments
  • Processing of income collected
• One Source Financial Services (only available to customers using our Banking Services):
  • Electronic ordering and payment systems for goods and services
  • Electronic system for raising debts
  • Production and distribution of monthly monitoring
  • Standard monthly financial reports
  • Creation and maintenance of accounting coding structures
  • Systems training
  • Comprehensive help-desk facility
• Purchase cards (only available to customers using our Banking Services):
  • Access to managed credit card facilities
  • Electronic notification of spend (via Lloyds CCDM)
  • Detailed electronic reports on spend
  • System training
• Non Banking Services customers
  • Cash Income reports

Why Choose us?

We have a wealth of experience in supporting schools and other educational establishments. We offer a wide range of benefits including banking services that pay interest on your current account balances. 

         Costs

Option 1 - Full Banking and One Source Financial Services

• Banking services
• One Source Financial Services
• Purchase cards
• Financial reports

Single School

The below cost provides access to One Source Accounts Payable for 2 users and 1 budget monitoring report.

Any additional Accounts Payable users can be requested at a cost of £767 per user.

School Type	Annual Cost
Single School	£2,886

 

Single Budget Federation - Where all schools within the Federation operate using a single budget

Service	Annual Cost
Option 1 (including One Source Accounts Payable access for 2 users and 1 budget monitoring report)	£2,886
Additional One Source Accounts Payable user (if required)	£767 per user

 

Multi Budget Federation - Where each school within the Federation still operates using their own individual budgets

Service	Annual Cost
Option 1 - First budget within the Federation (including One Source Accounts Payable access for 2 Users & 1 budget monitoring report)	£2,886
Option 1 - Each subsequent budget within the Federation (provides an additional 2 One Source Accounts Payable Users & 1 budget monitoring report)	£1,534
Additional Requirements	Annual Cost
Additional One Source Accounts Payable User (if required)	£767 per user
Additional budget monitoring report (if required)	£445 per report

 

Option 2 – Banking and Reporting Services Only

• Banking Services
• Purchase Cards
• Financial Reports

Annual Cost

£1,300*

*per budget

 

Transaction Services

The below costs will be calculated based on the previous year's actual transaction numbers.

For Federations, the first School's annual charge will be in line with the below table of charges, with subsequent schools receiving a 25% discount on their charges.

No of Transactions Processed	Annual Charge
<300	£2,200
301 - 400	£2,650
401 - 500	£3,100
501 - 650	£3,850
651 - 800	£4,500
801 - 1000	£5,500
>1000	£6,000
Ad-hoc Service	£600 per month*

*for each school in the Federation using the service

Non Banking Services

Service	Annual Cost
Cash Income reports	£557*

*per budget

Please telephone us to discuss further if you are interested in this additional service.

 Find out more

Contact us for a demonstration of One Source's additional systems and how we can make managing your budget easier.

Danielle Russell
Purchase Card Officer
01922 650695
Danielle.russell@walsall.gov.uk

Jo Perrin
Financial Administration Officer - Accounts Payables and Oracle Support
01922 652382
jo.perrin@walsall.gov.uk

One Source Support Team
01922 654320
oraclesupport@walsall.gov.uk