Enhance Flexibility and Accuracy with Real-Time Data Access and Automated Education Reporting
Difficulty Accessing the Right Data to Facilitate a Quick Response
Your finance team works to manage costs, identify new sources of revenue, and assist with strategic decisions. This means frequent requests from other departments for custom reporting and analysis, but the outdated finance tools they’re working with are slow and impede your team’s ability to respond to these requests. With complex reporting needs, too often you’re left with no choice but to submit requests to IT and face a lengthy delay while they build or update your reports.
Existing Tools Are Not Optimized for Educational Reporting
Comprehensive reporting that reflects your entire institution means that combining multiple data sources into a single report is a must, but native ERP reporting tools lack the flexibility needed to accomplish this in an efficient manner. Without real-time access to funding and expenditure data across multiple sources, you resort to an inefficient, manual, multi-step process that often involves re-keying data from your ERP.
You Lack an Easy, Automated Way to Create and Share Your Data
Timely, data-driven decisions are essential in education, but not everyone can look at a spreadsheet of numbers and intuitively understand the issues facing your organization. Without the proper tools to gather, visualize, and distribute your institution’s data, important organizational decisions suffer from a lack of awareness and can be adversely impacted by subjectivity and internal politics.
Shrink Education Reporting Cycles and Simplify Day-to-Day Tracking
Whether you are using Ellucian Banner, Oracle EBS, PeopleSoft, SAP, JD Edwards, or any other ERP system, you can eliminate inefficiencies in reporting cycles by automating access to data. This eliminates manual data pulls or reliance on IT, so you can quickly respond to increasing departmental requests for data insights while still having time to manage day-to-day responsibilities with ease.
Create Real-Time, Drillable Financial Reports in Excel
Streamline report creation with a solution that pulls directly from multiple data sources. With ERPsmarts that understand your data and a direct, real-time connection to your ERP, you can drill into revenues, expenses, assets, and activities to find and quickly fix reconciliation or data integrity issues and get fast answers to critical questions.
Facilitate Transparency and Collaboration
Easy-to-use reporting tools and automated data acquisition make creating and sharing reports timely and intuitive. Distribute financial and operational information from your ERP to a broader audience in a form that non-finance consumers can readily understand and act upon.
Accelerate Financial Planning and Help Decision Makers Visualize Key Metrics
Create dashboards to track critical trends that can impact available funding like average daily attendance, encroachment, and tuition by FTE student, as well as important budgeting aspects such as teacher salaries and related benefits payable. Easily pull in data from other business systems or databases. Provide decision makers with the key data they need in a visual format they can easily digest.
Simplify and Speed Up Financial Report Creation
Whether you’re a spreadsheet expert or new to the business report world, download our Top 10 Best Practices for Education Reporting in Excel guide to help streamline your report creation process.
Learn How to:
- Make reports more interactive
- Increase report usability
- Tailor reports for your audience
- Prevent unwanted spreadsheet errors
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