Automating bank reconciliation for the trusts behind England’s schools
We're pleased to announce our partnership with IMP Software, provider of the unified financial management and budgeting platform purpose-built for multi-academy trusts and the wider education sector. Together, we're giving finance teams in education something they've long needed: a direct, secure connection to their bank accounts, removing hours of time each week.
The challenge: manual processes in a sector that can't afford them
For education finance teams, bank reconciliation has long been a process built around workarounds. Transactions need to be matched against income and expenditure, but the data to do that sits in the bank, not in the finance system. The only way to bridge that gap has been to log in to online banking, download a statement, import the file, and manually work through the matching process. For organisations managing multiple funding streams, restricted budgets, and reporting obligations to head teachers or governing bodies, running that process repeatedly and accurately places a significant burden on small finance teams already stretched across competing priorities.
IMP Finance, IMP Software's purpose-built finance platform for the education sector, tackles exactly these challenges. By embedding Yapily's open banking infrastructure directly into IMP Finance, IMP Software is turning one of the most routine yet most critical finance tasks into a focused, efficient user experience, ensuring that all time and attention are spent on thinking, not admin.
How it works
Through a consent-based authorisation flow, IMP Finance users can securely link their bank account without leaving the platform and without sharing credentials or uploading files. Once connected, they can pull live transaction feeds on demand and immediately match settled transactions against existing financial documents.
What was once a multi-step manual process, which needed to be batch completed one statement at a time, has now become an automated workflow. The integration is built on Yapily's API layer, which meets the security and compliance standards the education sector operates under.
What this enables today, and what's coming next
The initial integration focuses on data connectivity: real-time transaction feeds, on-demand account access, and automated reconciliation. Looking ahead, IMP Software and Yapily are building towards payment initiation capabilities, which will further close the loop between seeing financial data and acting on it, all within a single platform.
For organisations that manage public funds and are held to high standards of transparency and accuracy, this matters. Fewer manual steps mean fewer errors. Real-time visibility means faster decisions. And a single, auditable connection to the bank means finance teams can spend less time on administration and more time on the work that directly supports the schools and pupils they serve.
A partnership built on shared purpose
Multi-academy trusts and the wider education sector operate with tighter resources and greater accountability than most other sectors. The tools they use need to reflect that. IMP Software’s focus on this sector, combined with Yapily's open banking infrastructure, creates a foundation for finance teams to work with greater confidence and control.
"What Yapily has built makes it possible for us to do something MAT finance teams have been asking for years: connect directly to the bank and reconcile against live transaction data without ever leaving the platform. It removes one of the most persistent workarounds in MAT finance, and replaces it with something secure, automated, and built for the way trusts actually work."Will Jordan, Co-founder and CEO, IMP Software
Learn more about Yapily's open banking infrastructure at yapily.com or visit impsoftware.co.uk to find out more about IMP Finance.