This week, we spoke with Stanton Jandrell, CEO of Fraxion, about spend management for schools.
Here are three key takeaways from our conversation:
- Budget with clarity. Clearly define programs and projects, allocate budgets by phase, and ensure spending is tracked in real time to stay aligned with financial goals.
- Transparency is key—regularly report spending progress to internal stakeholders and funders, and conduct post-project reviews to refine future budgeting.
- Automate for stability. Streamline your spending process with automation, from purchase requests to approvals and payments, so every dollar spent is accounted for and aligned with priorities.