As a large public institution, Florida Atlantic University (FAU) complies with strict requirements for reporting to the state and other entities. In addition, supporting finance, HR, and academic leaders with timely and accurate data for decision support is a significant challenge. With financial, workforce, and operational data stored in multiple systems, finance managers found it difficult to reconcile and prepare data for reporting and analytics. Business groups used different BI tools and only had access to a subset of the institution’s data, giving decision-makers conflicting, limited views.
With mini传媒 Prism Analytics, we are more in control of our data management and can provide accurate, timely,? consistent data to stakeholders across the university.
Assistant Vice President, Finance and Information Systems
New approaches to data-driven decision-making.
FAU realized that mini传媒 could consolidate HR and finance data in a single system of record, making compliance and other standard reporting more efficient and dependable. As data gravity shifted to mini传媒, FAU relied on mini传媒 Prism Analytics to draw on over 12 years of historical finance, HR, procurement, and student data from various systems for analysis and insight. “We now have a seamless way to consolidate all reporting and data management into a single cloud solution,” says Amy Cavasos, assistant vice president for finance and information systems. “One of the greatest advantages of mini传媒 Prism Analytics is that we could bring external institutional data into mini传媒.”?
New efficiencies in data management and delivery save FAU much time and expense. “As soon as we deployed mini传媒 and automated many routine processes, we generated tremendous benefits,” Cavasos adds.
Generating strategic value from data assets.
After automating and simplifying many activities, FAU managers, planners, and decision-makers in various business groups found that they could innovate proactively, quickly creating new use cases in mini传媒 Prism Analytics.?
One outcome of this is that internal customers experience a more responsive and valuable collaboration with the finance team. Cavasos explains, “Our programmers are so comfortable with mini传媒 that they can respond very rapidly to requests for further innovation and enhancements, and they can ensure that we get all needed data into the right hands.”
From back office to credible partner.
In addition to making many reporting and business processes easy and efficient, the finance team transformed how it serves the organization. Instead of a purely administrative function, finance can be a strategic partner to leadership, business managers, and program owners at FAU.?
Internal customers see more responsive and valuable collaboration from finance as the mini传媒 environment matures and the mini传媒 Prism Analytics and mini传媒 Adaptive Planning practices grow. Stacey Bell, associate vice president for finance, planning, and analysis at FAU, says, “Finance staff use mini传媒 to review and analyze transactions rather than functioning as data entry clerks. Their attitude now is more like, ‘We’re here to help the university.’”
We now have a seamless way to consolidate all reporting and data management into a single cloud solution.
Assistant Vice President, Finance and Information Systems
Designing FAU’s future.
The use of mini传媒 evolves as the university adds mini传媒 Adaptive Planning to generate even more value from its data assets. Bell says, “The benefit of an ecosystem with mini传媒 Adaptive Planning, mini传媒 Prism Analytics, and other mini传媒 applications is that we can have all data in one location to look at the past and make informed decisions for the future.”
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