Higher Education Institutions Improve Decision Making with Oracle
By Mohit Phogat on Sep 22, 2013
In order to drive informed decision making and operate more strategically, higher education institutions turn to Oracle’s Hyperion performance management applications and business intelligence solutions. With Oracle, institutions create and manage analytics systems that put actionable intelligence directly in the hands of users who can apply it to their daily work.
- The California State University (CSU), the nation’s largest and most diverse university system serving almost 433,000 students, has begun deploying Oracle solutions to efficiently produce system-wide reporting statistics and analysis. Challenged with decreasing budgets, the university was seeking to standardize its reporting practices as well as look for savings through consolidation and common business practices. By combining Oracle Business Intelligence Enterprise Edition with the university’s previously deployed Oracle’s PeopleSoft Enterprise Financial Management 9.0, CSU will be able to consolidate data onto a single repository, delivering greater visibility into business-critical information. The university successfully deployed the solution on three campuses and will transition the remaining 20 campuses over the next year. Once implementation is complete, university officials will have the resources to improve decision making and build more efficient business processes, helping the university continue to thrive.
- The University of Massachusetts, a multi-campus institution dedicated to quality education and research, has deployed Oracle Business Intelligence Enterprise Edition as part of its Summit Program, using a business driven model which brings together IT and business users across campuses. The Oracle solution provides users with access to actionable data via a series of dashboards – helping them to perform their jobs more efficiently and improve decision making. The dashboards will pull data from the university’s Oracle PeopleSoft Enterprise human resources, financials and student information systems to support areas ranging from grants management to enrollment management. For example, the university’s first deployed dashboards provide role-based access for research grant data, enabling users such as administrators and principal investigators to track grant spending across the duration of the grant, alerting them if they are tracking significantly over or under budget and enabling them to plan more effectively. The university ultimately plans to add several additional dashboards with role-based user access across a broad range of business areas.
- Yeshiva University, a prominent research university focused on Jewish and secular education, has selected several Oracle financial management and business intelligence tools to improve financial reporting. In as little as six months, the university deployed Oracle Hyperion Financial Management to centralize the finance and accounting divisions and enhance reporting to both the university’s senior external and management teams, moving away from a 43-year-old legacy system that allowed for little useful financial analysis. With the goal of establishing an “all funds budgeting” process which will utilize all the university’s planning components, the university is now working to implement Oracle’s Hyperion Public Sector Planning and Budgeting solution, which will provide configurable budgeting models and a detailed salary planning structure, as well as integrate with Hyperion Financial Management to produce high-quality budget reports.
- The University of Minnesota, a prominent research institution with more than 67,000 students, has selected Oracle Business Intelligence Enterprise Edition to standardize and consolidate data across the university’s five campuses. By deploying a standardized business intelligence tool that will integrate with the university’s recently selected PeopleSoft Enterprise Financial Management and PeopleSoft Enterprise Human Capital Management applications, as well as Oracle’s PeopleSoft Enterprise Campus Solutions Warehouse, the university will be able to deliver real-time information in a secure format to key executives, enhancing the decision-making process. The University of Minnesota has completed a successful pilot program with Oracle Business Intelligence and demonstrated that the university will reduce software costs while significantly reducing burden on the IT team as it moves forward with its full implementation.
- Georgia Institute of Technology, one of the nation’s top research and technological institutions, has selected Oracle Hyperion Strategic Finance to enable better understanding of the financial implications of specific planning scenarios. Historically, the university used multiple Microsoft Excel spreadsheets and internally developed modeling systems to develop long-term financial plans, but found that these tools did not provide the necessary financial visibility. Hyperion Strategic Finance will enable the Institute to develop a student enrollment-driven long-term plan with scenario planning capabilities at the university, campus, college, and account levels. The implementation will enable Georgia Tech to project its long-term operating budget while evaluating scenarios impacted by variables such as capital projects, state appropriations, cost recovery, tuition growth, and inflation. Georgia Tech is working with Edgewater Ranzal on the implementation.