ERP-as-a-service: Reducing complexity, powering momentum
The rate of change in business is accelerating, and once-familiar market landscapes are shifting. Leaders, especially those at privately owned enterprises, are looking for tools to help their companies evolve and navigate change at the speed of business.
Understanding ERP Systems in Higher Education
In the ever-evolving landscape of higher education, institutions are constantly seeking innovative solutions to streamline their processes and enhance their operations. One such solution that has gained significant traction in recent years is the implementation of Enterprise Resource Planning (ERP) systems. These systems offer a comprehensive suite of integrated software applications designed to manage various aspects of an institution’s operations, including administrative, academic, and financial functions. In this article, we will delve into the world of ERP systems in higher education, exploring their benefits, key features, and best practices for implementation. Read more about how to understand ERP Systems in Higher Education
The Core Components of ERP: A Higher Education Perspective
An enterprise resource planning (ERP) system for higher education provides the core tech to manage institutional services, including faculty, staff, and student needs. Dedicated ERP software designed for higher ed can automate tasks, eliminate manual work, and bring together resources across campuses into a centralized platform. By streamlining the information flow between departments and financial, operations, and academic units, ERP software becomes the central hub for management.
While many schools have implemented ERP systems, many of these systems are outdated and do not benefit from the power of today’s emerging technology. Only 19% of institutions have completed an ERP implementation within the past decade. While another 17% are in the process of implementing a new ERP system, the rest are relying on old legacy software that does not support the full range of tasks needed for the efficient operation of a college or university.
Why are academic institutions implementing or updating their ERP systems? Read more about the The Core Components of ERP
Seven principles for effective change management in higher education
The higher education community is under significant pressure to change—in all sorts of ways. Various change process initiatives include efforts to:
- Become more operationally efficient and effective
- Improve student outcomes
- Increase access to higher education
- Control costs
- Recruit and retain top faculty and researchers
Read more about the Seven principles
Workday enterprise resource planning (ERP) in higher education
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Top universities and colleges are already realizing the measurable benefits of ERP in higher education. Many more institutions are well down the path to ERP implementation. See how higher education ERP with Workday is modernizing campus operations and bringing innovation to student and administrative services.
Read more about Workday enterprise resource planning
How Oracle Higher Education can help
Colleges and universities are embarking on a technological transformation to deliver campus experiences designed to increase student success, improve outcomes, and drive new innovations and discoveries. Oracle empowers institutions with the most comprehensive solutions for college campuses, including new and engaging cloud services for the entire student and employee lifecycle. Read more about How Oracle Higher Education can help
Why Higher Education CFOs Can't Afford to Ignore the Cloud
CFOs are being asked to make critical—sometimes unprecedented—investments in innovation, particularly as it relates to cloud adoption for infrastructure and applications. This ebook is designed to inform CFO decision-making by providing essential considerations around cloud infrastructure—including its value proposition, how it works, use cases, what it requires, scalability advantages, and how cloud shifts risk from the institution to a third-party. Read more about how the Cloud has impacting Higher Education.
Optimizing ERP through your chart of accounts design
Have you outgrown your chart of accounts (CoA)? Or are you taking a fresh look? Wherever you are on the journey, optimizing your CoA is key to realizing the full value of ERP implementation. Explore the fundamentals of an optimal CoA and see our guiding principles for designing a chart of accounts that can set your business up for long-term success.
Read more about Optimizing ERP through your chart of accounts design