Technology streamlines finance management for public universities
- Campus Technology reports on the new integration of a cloud-based software for members schools in the State University System of Florida, designed to help institutions more efficiently post tuition and fees while managing procurement and purchasing more effectively.
- The new software allows for critical tuition information to be made public a month earlier than required, and eliminates the need for multiple checks and balances which before, were prone to human error.
- The system also allows for easier role assignment in the event that employees leave an institution.
The digital age allows institutions to explore new time- and money-saving solutions to streamline the basic administrative processes on campus. Moreover, the ability to alert students and families of new costs for education allows for greater flexibility in securing finances, and for campus leaders to more effectively predict budgets for upcoming academic terms in tuition revenues and capital project spending.