Make Better, More Informed Decisions, Faster
Today’s landscape is fast-paced and continues to accelerate – new offerings, new competitors and new rules in government’s educational fundings. This means your financial plan also needs to be responsive to change.
The best-run institutes have streamlined the budgeting and forecasting process so it’s more collaborative agile, and flexible, enabling Finance to manage changes. Aberdeen’s recent survey shows that among these institutes 76% use the most up-to-date business drives to forecast on demand and 94% are able to deliver financial reports in the time needed to impact critical decisions.
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But the reality is many institutes are struggling with their planning. According to Aberdeen’s survey 89% still rely on spreadsheets and are stuck in Excel hell, with Finance struggling to compile multiple spreadsheets and consolidate data across faculties and funds. Even worse, according to Forrester 90% of spreadsheets contains serious errors, often due to broken links and data integrity issues. Spreadsheets just don’t scale and they’re not secure.