Higher Learning Uncovers Profitability at Student Unit Level
Company Size
1,000+
Region
- America
Country
- United States
Product
- Vena
- Ellucian
Tech Stack
- Excel Interface
- ERP Integration
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Digital Expertise
- Productivity Improvements
Technology Category
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- Education
Applicable Functions
- Business Operation
Services
- System Integration
- Training
About The Customer
Vanguard University is a private university with over 30 undergraduate programs across 15 departments. The university serves a diverse student body and is committed to providing high-quality education. With revenues of $43 million, the institution relies on robust financial management to ensure sustainability and growth. The existing software in use includes Ellucian, which supports various administrative functions. The university has 65 users involved in budgeting and forecasting processes, highlighting the need for efficient and accurate financial planning tools.
The Challenge
Navigating a system of competing interests: students, alumni, donors, regulators, etc. Accreditation board mandated closer ties between annual budget and strategic plan. Budget to actual reporting process was too manual and time-intensive.
The Solution
The Vena solution was chosen for its full Excel interface, which quickly eliminated competing vendors from consideration. The seamless integration between ERP and other systems ensured data integrity, making it easier to create and personalize monthly, quarterly, and annual reports. The Excel interface fostered quicker adoption among department heads and other non-finance users, allowing for more granular, student-level profitability insights. This enabled more data-driven strategic decision-making. The flexible platform can address future needs, from profitability analysis to rolling forecasts, ensuring that the university can adapt to changing financial landscapes.
Operational Impact
Quantitative Benefit
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