Financial Systems

We aim to to have the best possible Systems to support the School’s operations and development.

Our Vision

It is the Division’s aspiration to have the best possible Systems to support the School’s operations and development.  It is our strategic aim to support the School’s development.               

We will influence and add value to the School and its operations and development, in particular by the provision of timely data/analysis and benchmark data.

We will plan development to minimise risk and future-proof our systems (as far as is possible), and a ‘to be’ state of; 

  • efficient, customer-focussed operational services;
  • being agile and adaptable to change;
  • flexible, robust and secure systems and processes;
  • excellent management information and planning systems;
  • single source data, with consistent and understood terminology.

Our purpose and responsibilities

The Finance Systems team are comprised of fully and part-qualified accountants, and are the experts in the School’s financial systems. Systems in this context are defined in the broadest sense and include all financial processes, including those which are partially manual. Substantial financial processes and data exist outside of Central Finance and core Finance Systems, and that these are in-scope for the team and strategy.  

  • responsibility for the integrity, security and ensuring appropriate access to financial data. This extends to incoming and outgoing interfaces and processes generating financial entries in feeder systems.
  • responsible for signing-off all changes to and new implementations of systems that affect financial processes or data.
  • key liaison point between the division and stakeholders on Financial Systems matters, and internally and externally aims to add value to and promote the effective use of our financial systems, including assurance of value for money.
  • plays a key role in interpreting requirements, suggesting/evaluating options and providing, or assisting stakeholders to self-serve, appropriate financial information and/or financial data for further analysis.
  • responsible for commissioning, delivering and co-ordinating internal and external financial training.
  • responsible for ensuring that IMT strategy takes proper regard to the ambition of the Financial Systems strategy, and vice-versa. Similarly, this strategy seeks to align to the School and Divisional strategy and priorities. 

Budget holders and controllers

To monitor budgets, budget holders and controllers have access to financial reports from the Budget Holder's Dashboard, which is now available via the new OneFinance.

For more information on the reports available to budget holders and how to gain access, please contact the Financial Planning & Analysis team via the Finance Division Enquiry Form.

Legacy Financial Reports

Statements 5, which has been the Schools main suite of financial reports for budget controllers and signatories, will remain accessible for the next couple of years and will report on all transactions up to and including 31 July 2019.

Contact for additional support

If you have any questions or issues when running the legacy reporting suite (Statements5), OneFinance or the Budget Holders' Dashboard, please submit your request via Finance Division Enquiry Form.

Click here to leave feedback

We value your feedback

  • Name
  • Your Privacy
  • Your right to privacy is important to us. The personal information that you submit in this form will be used to provide you with information about our services that may be of interest to you. Please visit lse.ac.uk/privacy to read our Privacy Policy and learn more about how we collect and use information about you so that you can make an informed choice about using our website.