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Oracle Modern Best Practice for Higher Education—Finance
- Overview
- Asset Acquisition
- Bank Transaction
- Period Close
- Daily Close
- Budget to Approval
- Supplier Invoice
- Expense Report
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.
Mobile. Analytics. Social.Define a Strategic Plan
Link strategic goals to student outcome initiatives and key performance indicators and set targets.
Mobile. Analytics. Social.Allocate Financial Targets
Allocate financial targets across your institution.
Mobile. Analytics. Social.Create an Operating Plan
Collaborate across your institution on budgets and key plan assumptions.
Mobile. Analytics. Social.Monitor and Consolidate
Monitor budget participants’ progress and approval status.
Mobile. Analytics. Social.Approve Budgets
Approve final budget and communicate with the entire institution.
Mobile. Analytics. Social.Predictive Forecasting and Monitoring
Continually analyze actuals and project trends. Assess variances and adjust plans.