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Advice and Information for Finance Professionals

What Do College Business Officers Want from Technology?

Lynne Sampson
Managing Editor

When it comes to technology, finance leaders in the higher education sector are worried they’re not making the grade. The most recent Inside Higher Education survey found significant challenges in getting the right data to make well-informed decisions.

Among the 415 chief business officers (CBOs) or senior finance officers who responded, less than half (49%) said that their institution makes efficient use of technology resources and services. Their biggest beef: CBOs have too much trouble finding, extracting and reconciling the data they need to make informed operational decisions. At most institutions, more time is spent gathering data than analyzing it for opportunities.

62% of CBOs agree that greater transparency will lead to better financial decisions. The appetite for this transparency—across finance, HR and student services—is driving more university business officers to look to the cloud. Beyond the cost savings the cloud provides, CBOs are looking for deeper reporting and analytical capabilities, improved financial management, and a better student experience.

A Chance to Learn from Your Peers

Every year, the Oracle Higher Education User Group (HEUG) brings together industry representatives from across North America and beyond. Run and managed by Oracle users, the HEUG is an independent, non-profit group with more than 23,000 members worldwide. The group’s mission is “to educate and advocate by facilitating the sharing of ideas, information and experiences among its members, and to provide a unified and effective voice to Oracle on all issues involving the use of Oracle application software in the Higher Education community.”

The HEUG Cloud Symposium offers a chance to learn what your industry peers are doing to get better results from their technology. The Symposium will be hosted at Oracle headquarters Feb. 4-5, 2019. Discussion topics will include:

  • Institutional cloud application strategy
  • Life after going live
  • Maximizing investments in cloud applications
  • Lessons learned to date on implementation and conversion
  • Integration challenges and opportunities
  • Leveraging experience with Oracle HCM and ERP Cloud to ensure success with Oracle Student Cloud
  • Integrating Oracle Student Financial Planning (formerly Vocado) with PeopleSoft campus solutions

Membership in the HEUG is open to both individuals and institutions using Oracle applications. Once you’re a member, you can register to attend the 2019 Cloud Symposium. But don’t delay—the deadline for registration is Friday, Jan. 25!

Register now for the HEUG 2019 Cloud Symposium. If you’re not yet an Oracle HEUG member, enroll today.

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