Oracle Modern Best Practice for Higher Education—Finance

Budget to Approval
Improve Budget Accuracy

Higher Education—Budget to Approval

Create more timely reports and enable smarter decision-making. With the mobile, social, cloud, and analytic capabilities built into modern best practice, you have the ability to collaborate with the entire institution to create accurate budgets. Compare actual results against forecasts. Gain efficiencies by streamlining the budgeting and planning cycles throughout your institution.


Define a Strategic Plan
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Define a Strategic Plan

Link strategic goals to student outcome initiatives and key performance indicators and set targets.


Allocate Financial Targets
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Allocate Financial Targets

Allocate financial targets across your institution.


Create an Operating Plan
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Create an Operating Plan

Collaborate across your institution on budgets and key plan assumptions.


Monitor and Consolidate
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Monitor and Consolidate

Monitor budget participants’ progress and approval status.


Approve Budgets
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Approve Budgets

Approve final budget and communicate with the entire institution.


Predictive Forecasting and Monitoring
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Predictive Forecasting and Monitoring

Continually analyze actuals and project trends. Assess variances and adjust plans.


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