Streamlining Financial Reporting Processes for Better Decision-Making in Universities

Why Read This Research

This white paper explores how automating financial reporting can enable higher education institutions to operate more efficiently while improving the accuracy, speed, and relevance of their financial data. Gain insight into the technologies and tools required for financial reporting automation, best practices for their implementation, and strategies to stay ahead of common implementation challenges.

Key Questions Answered

• What operational challenges can be addressed by automating manual financial reporting processes?
• What technologies and tools are required to automate financial reporting?
• What best practices can enable an institution to successfully incorporate automation in financial reporting processes?
• What challenges should an institution expect to face when implementing financial reporting automation, and what are the best ways to overcome them?

Features

• Area in Focus: Financial Reporting Automation
• Future Campus Impacts: Operations, Revenue, Governance, Risk, Innovate
• Author: Alpha Hamadou Ibrahim, PhD, Senior Analyst and Lead Data Scientist, Tambellini Group
• Research Availability: November 2024

Table of Contents

1. Executive Summary
2. Introduction
3. Challenges in Traditional Financial Reporting
4. Benefits of Automating Financial Reporting
5. Technologies, Tools, and Processes for Automation
6. Implementation Best Practices
7. Challenges of Implementing Financial Reporting Automation