Are Finance Offices at Colleges Moving Away From Spreadsheets?
In a recent interview with University Business, Matt Rizai, Chairman and CEO of Workiva (NYSE:WK), was asked: what do you see as the biggest roadblock for finance offices at colleges in moving away from spreadsheet-based budgeting and financial planning?
Rizai responded, “The biggest roadblock is changing existing processes that are constrained by outdated technology. With a platform that has data integrations, linking, collaboration, control and a full audit trail, finance teams can create new, efficient processes and modernize the way they work.”
Joseph Roulades, spokesperson for Workiva Strategic Partner, OpenGov, elaborated, “Many schools are operating with budget deficits, and as a result, are reluctant to deploy new budgeting technologies. What they need to understand is that new budgeting technologies are easy to deploy and are more cost-effective when you consider how cumbersome, time-consuming, and error-prone tracking budgets in Excel is.”
University Business has also compiled a list of platforms that can be used to modernize the finance offices at colleges as organizations look to get beyond the spreadsheet.
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