ERP Software for Higher Education

11 April 2023

Invest in a futureproof ERP system, to tackle the financial challenges of Higher Education.

The mounting pressure on universities to make the most out of systems and processes, has never been greater. To overcome financial challenges, institutional leaders need to start planning for the transition from SAP ECC6 over to a futureproof solution, before the 2027 deadline.

Is your university under constant pressure to cut back on costs and manage funds more effectively?

Poor financial visibility will have a significant impact on your university's operations and employees are likely to be overworked as a result of the inefficient systems.

Other challenges you may face include:

Cash deficiencies
Caps on student fees
Mispriced programmes
Poor financial planning and reporting
Disrupted financial operations

Amongst others.

But it doesn’t have to be this way

Whether you are an existing SAP user or operating under a different type of ERP, managing and overcoming these challenges can be made easier by investing in a futureproof solution.

You will benefit from a number of business efficiencies, made possible by the adoption of optimised processes, digitalised Finance and HR operations, advanced analytics, shared services and best practices.

Reap the rewards of a fit-for-purpose ERP System

Better student experience: The reputation and economic success of your university is based on the student retention and graduation rates. An optimally configured ERP system gives you an overview of student accounts, so you can respond to their evolving student needs and experiences, in real-time.

Efficient processes: You can optimise your HR and Finance operations to increase the value of your university and its employee development. Using the latest ERP system makes it easy to automate everyday tasks, maximise cash management and revenue streams.

Enhanced reputation and growth: Having access to research results, shared services and best practices, will allow you to enhance your output and help you build a positive perception of your university and attract new students.

The deadline

With SAP announcing that support and maintenance for the ECC6 software has been extended through to 2027, you may have heaved a sigh of relief.

While it may seem that you have won some extra time to prepare for an investment in a futureproof system, there are several reasons why you should start the transition to the new system sooner than later:

Leave time for careful planning: To ensure a smooth implementation of the new system.

Save costs: A timely upgrade will significantly save costs by eliminating the need for old software maintenance after the deadline.

Minimise risks: Prepare a contingency plan that accounts for all the risks associated with the migration, in order to eliminate the chances of it not going to plan.

Now you understand the reasons why investing in futureproof technology will help your university overcome its challenges, what are you waiting for? There’s a long road ahead, but you will be in capable hands with our support and guidance.

To explore the different ERP solutions and find out more about S/4HANA, download our free eGuide - Tackling the Financial Challenges of Higher Education.