REDWOOD SHORES, Calif., Aug. 14, 2017 /PRNewswire/ -- Higher education institutions of all sizes across the U.S. have invested in Oracle Enterprise Performance Management (EPM) Cloud solutions for the modern planning and forecasting insights. Oracle EPM Cloud customers in higher education include: Lorain County Community College, San Francisco State University, Shawnee State University, University of Maryland, Baltimore, University of Wyoming, and the University System of New Hampshire.
Oracle EPM Cloud helps higher education institutions better align budget dollars with organizational priorities to achieve academic and financial goals. With an intuitive user experience and prebuilt financial functions, higher education institutions can get greater insights from Oracle EPM Cloud's automated data analysis. Oracle EPM Cloud also helps with statutory and management reporting requirements higher education institutions may have to stakeholders, including state and local governments, governing boards, or accreditation bodies. The increased visibility into funding and tuition changes also helps them become more efficient and effective with public and private dollars.
A public research university located in San Francisco, California, San Francisco State University (SFSU) offers Bachelor's, Master's, and Doctoral degrees to nearly 30,000 students. SFSU has been live on Oracle ERP Cloud and Oracle HCM Cloud for a number of years and wanted to perform advanced planning and analytics for multiple systems. They selected EPM to help them with reporting on their budget, particularly budgeting for headcount planning for future positions.
"San Francisco State University implemented Oracle EPM Cloud this year with the main goal being to reduce our time sifting through multiple systems and data downloads to just put a simple financial report or analysis together," said Elena Stoian, executive director, budget administration & operations at SFSU. "The budget office was spending more time finding data than conducting any analytical work. With Oracle EPM Cloud running, we are able to easily obtain the necessary financial data and spend more time on understanding and analyzing the numbers. Our end goal is to roll out the solution university-wide as our budgeting tool and we are on track to do just that."
"Oracle's cloud-based infrastructure offers the University of Maryland, Baltimore a great solution to help us achieve our goals: to minimize the costs of upgrading and maintaining hardware, while at the same time improving the functionality and security of our financial management systems as the fiscal nature of higher education grows more complex," said Dawn M. Rhodes, chief business and financial officer and vice president. "We are counting on Oracle's collaboration to make our cloud transition a success."
Established in 1986 in Portsmouth, Ohio, Shawnee State University is a public university with approximately 3,600 students. As the state now allocates funding to Shawnee State based on performance and graduation rates, it needed to quickly revamp its business processes to become more cost efficient with tuition dollars. The modern features and functionality of Oracle EPM Cloud enable staff to focus on making good decisions about costs and revenue so the university can continue to provide students with a good academic experience.
"Shawnee State combines high-quality programs with affordable tuition to make college possible for students throughout Ohio and the Midwest, said Dr. Rick Kurtz, president of Shawnee State University. "Achieving greater operational efficiencies helps us remain one of the most affordable options for students. We realized immediate and significant streamlining of paper-laden, manual processes with the implementation of Oracle Cloud Applications for ERP, HCM, and EPM. With a very small contingent of staff and the help of Oracle implementation partners, Drivestream and Navigator Management Partners, Shawnee State successfully implemented the entire system in less than a year."
"We provide higher education institutions with tools that provide transparency into the costs of higher education so they can offer their students the best academic experience possible," said Hari Sankar, group vice president, EPM product management at Oracle. "By providing departments with insights on the revenue they generate and the resources they consume, Oracle EPM Cloud can help institutions make more informed decisions about resource alignment for their programs."
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