REDWOOD SHORES, Calif., Dec. 15,
2020 /PRNewswire/ -- San Francisco
State University (SFSU) has successfully moved its financial
processes to Oracle Fusion Cloud Enterprise Performance
Management (EPM). With Oracle Cloud EPM, SFSU's finance team gains
the transparency and flexibility needed for more accurate planning,
budgeting, and forecasting. The improved processes will help to
increase agility, improve insights and enhance business
decision-making across the organization.
"The foundation we've built with Oracle Cloud EPM for our budget
processes has enabled us to quickly adapt to unexpected conditions,
especially when building budgets and financial plans for the coming
years," said Bernice Yeh, senior
budget analyst, San Francisco State
University. We have been able to model scenarios to increase
efficiency, reduce risk, and provide our school leaders with the
correct information to allow them to make informed decisions."
Working with Oracle and implementation partner Performance
Architects, SFSU moved its financial reporting, analytics,
budgeting and forecasting to Oracle EPM Cloud, with the final
module going live in November 2020.
"San Francisco State University has
been able to take advantage of Oracle's Scenario Modeling,
especially in coordination with the rest of the solution,"
said Tyler Feddersen, EPM director, Performance Architects
"SFSU continues to model out scenarios to present to school
leaders. Once a path has been decided, the budget process serves as
a user-driven answer to the updated target(s)."
Having removed tedious manual processes, SFSU's budget office
can now adapt quickly to changing economic conditions with simple
and insightful reporting and analytics. Finance leaders also have
the ability to boil insights down to position-level detail to more
effectively manage employees and optimize budgets. Oracle Cloud
EPM's scenario modeling capability enables SFSU to test a range of
scenarios and assess potential responses, and build a 10-year
strategic plan.
"Higher education organizations are facing a unique challenge,
navigating complete or partial campus closures while trying to
retain students in an online business model," said Hari Sankar, group vice president of EPM product
management, Oracle. "With Oracle Cloud EPM, SFSU's finance team can
rapidly report, gain real-time business insights, and accurately
forecast revenues and liquidity to make better business decisions.
While highly relevant in the current business environment, these
capabilities will also improve productivity and ensure the
university can quickly respond to future challenges, whatever they
may be."
Learn more about Oracle Cloud EPM and Oracle Higher Education
products here.
About Performance Architects
Performance Architects
partners with clients to design and build solutions that enable
significant improvements in their performance. Whether you are
considering Analytic or EPM solutions or have an existing
implementation, our team of experienced functional and technical
consultants can help you leverage the full power of these
solutions. To learn more, please go to
www.performancearchitects.com or contact us at
communications@performancearchitects.com
About San Francisco State
University
San Francisco State
University (SFSU) is a public university located in
San Francisco, California. They
are a part of the California State
University (CSU) system, which
is the largest higher education system in the United States. One of SFSU's missions is
to provide broadly accessible higher education for residents of the
region and state, as well as the nation and world. To learn more
about SFSU, please go to www.sfsu.edu
About Oracle
The Oracle Cloud offers a complete suite
of integrated applications for Sales, Service, Marketing, Human
Resources, Finance, Supply Chain and Manufacturing, plus Highly
Automated and Secure Generation 2 Infrastructure featuring the
Oracle Autonomous Database. For more information about Oracle
(NYSE: ORCL), please visit us at www.oracle.com.
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of Oracle and/or its affiliates. Other names may be trademarks of
their respective owners.
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SOURCE Oracle