Education ERP for United Kingdom

Student fee and loan management involves coordination with the Student Loans Company (SLC), which administers tuition fee loans and maintenance loans on behalf of the UK government. Institutions must report enrollment, attendance, and course changes to SLC to ensure correct loan payments. Fee regulations differ between English, Welsh, Scottish, and Northern Irish students, as well as international students who pay unregulated fees. Bursary and scholarship management adds another financial tracking requirement.

Financial reporting for universities follows the Statement of Recommended Practice for Further and Higher Education (FEHE SORP), which adapts FRS 102 for the education sector. This requires specific disclosures including the analysis of income by source, staff costs including pension provisions, and capital expenditure reporting. The USS pension scheme deficit recovery plan creates significant accounting liabilities that institutions must reflect in their financial statements.

Yukti provides educational institutions with student records management that supports HESA data submissions, tracks student enrollment and progression for OfS returns, and manages the SLC fee confirmation and attendance monitoring process. The finance module follows FEHE SORP requirements with fund accounting that separates restricted and unrestricted income, tracks research grant expenditure against funder conditions, and handles USS pension provision calculations. The admissions module manages UCAS integration for undergraduate applications and direct application workflows for postgraduate programs. Timetabling, room booking, and staff workload allocation support the academic planning cycle. The research module tracks grant applications, ethics approvals, and REF submission preparation.