BI360 for Higher Education. Enabling World-class Decisions for Higher Education A Solver Vertical Industry White Paper

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1 BI360 for Higher Education Enabling World-class Decisions for Higher Education A Solver Vertical Industry White Paper Updated: Nov 2017, Document Version 4 Solver, Inc. Copyright 2017

2 Table of Contents Introduction... 3 Architecture Overview... 4 UNIV01 - Benchmark Dashboard... 5 UNIV02 - Revenue Dashboard... 6 UNIV03 Enrollment Dashboard... 7 UNIV04 Grant Dashboard... 8 UNIV05 Profit & Loss Variance Report... 9 UNIV06 Actual Revenue & Expense Report UNIV08 Enrollment Report UNIV09 Student Detail Report UNIV11 Grant Overview Report UNIV12 Fund Summary by Cost Center UNIV13 Consolidated Fund Summary Various Budget Input Form Examples UNIV07 Payroll Budget Form Copyright Solver, Inc., 2017 BI360 White Paper Page 2

3 Introduction BI360 is a leading web-based Corporate Performance Management (CPM) suite made up of budgeting, reporting, dashboards, and data warehousing, delivered through a web portal. BI360 is offered for cloud and on-premise deployment and represents the next generation of CPM solutions. BI360 empowers business users with modern features including innovative use of Excel in the model design process. End users have anytime, anywhere access from a modern Web Portal and Mobile Apps. The features that differentiate BI360 the most from other CPM applications are: 1. Available both for cloud and on-premise deployment. 2. Third generation Excel add-in for simple or complex reporting and budgeting template design. 3. Modern Excel, Web and Mobile end-user front-ends for easy access to information and powerful collaboration. 4. Pre-Configured and extensible smart data warehouse. 5. Deployed as individual modules or as a single, comprehensive CPM Suite with a single security model and deployment. Copyright Solver, Inc., 2017 BI360 White Paper Page 3

4 Architecture Overview Below, you can see a simplified architecture with all the BI360 modules. The Reporting, Budgeting and Dashboard modules can both run live on a number of different ERP systems, as well as off the BI360 Data Warehouse. Note: For more detailed information about BI360, please info@solverglobal.com and request the document: BI360 White Paper Overview of the BI360 Suite. You can also learn more about BI360 for Education Companies here. Copyright Solver, Inc., 2017 BI360 White Paper Page 4

5 UNIV01 - Benchmark Dashboard The Benchmark Dashboard example compares key financial metrics between your University and other Universities. It shows the capability of using the BI360 Data Warehouse to load data from external data sources and then, to design dashboards with the BI360 Dashboard module for user-friendly graphical analysis, in this case used for benchmarking. Copyright Solver, Inc., 2017 BI360 White Paper Page 5

6 UNIV02 - Revenue Dashboard The Revenue Dashboard example helps University administrators keep focus on all University revenue sources with quick access to actual versus budget comparisons. This dashboard example provides powerful views of key information, such as, Enrollment statics and Campus specific revenue trends. Total University revenue with actual to budget comparison and the ability to drill to the individual Campus Trending revenue with actual to budget comparison and the ability to drill to the individual Campus Total revenue percentage by Campus Revenue Trend all Campuses Enrollment revenue by School, drill to Major Copyright Solver, Inc., 2017 BI360 White Paper Page 6

7 UNIV03 Enrollment Dashboard The Enrollment Dashboard example allows University admissions, faculty and other administrators to easily view key metrics related to enrollment. This dashboard example provides powerful views of key enrollment statistics, across all Campuses and Schools, including students currently enrolled and the total number of new applicants. This information can also be displayed by semester, degree, and school year. Enrollment by Degree - Projected versus Actual Enrollment Trend All Campuses Total new Applicants by category (Targets, Applicants, Offers, & Acceptances) Enrollment by School, drill to Major Enrollment by Ethnicity, drill to Year Total Enrollment, drill to Semester Copyright Solver, Inc., 2017 BI360 White Paper Page 7

8 UNIV04 Grant Dashboard The Grant Dashboard example shows how any University that receives funding from Grants, can display the most important Grant information combined together for easy analysis and control. Grant Revenue by Type, drill to School Grant Revenue by School, drill to Major Grant Metrics, drill to School Trending Grant Revenue with comparison, Granted Amount versus Encumbered Trending Grant Revenue by School Grant Requested by School, drill to Major Copyright Solver, Inc., 2017 BI360 White Paper Page 8

9 UNIV05 Profit & Loss Variance Report The P & L Variance Report example below includes charts and key figures to draw the reader s attention to the most important information in the report. It also compares Actual and Budget numbers for month-to-date and year-to-date versus prior year, including variance. Users can drill down on any number to see the underlying detail. Copyright Solver, Inc., 2017 BI360 White Paper Page 9

10 UNIV06 Actual Revenue & Expense Report The Actual Revenue & Expense Report example highlights revenues and expenses in an easy to read graph for quick and simple analysis. This report also shows actual revenues, expenses and cost of goods sold by month, in a column format, for the periods filtered (in this case the last 12 months). Copyright Solver, Inc., 2017 BI360 White Paper Page 10

11 UNIV08 Enrollment Report The Enrollment Report is a multi-tab report that shows key enrollment statistics by school and by the year of study. The School tab shows the Major and supporting statistics, including enrollment by major, total enrollment, and enrollment as a percentage by school. The Year tab separates students by their year of study, school, and an expansion group with corresponding major details Copyright Solver, Inc., 2017 BI360 White Paper Page 11

12 UNIV09 Student Detail Report The Student Detail Report allows University staff to quickly review all pertinent student details and information. This is a multi-tab report that lets you filter student information by School, with a tab for each School. Copyright Solver, Inc., 2017 BI360 White Paper Page 12

13 UNIV11 Grant Overview Report The Grant Overview Report allows University grant managers to easily monitor the institutions funding sources. Managers can view each of the Grants details including granted amount, encumbered amount, and remaining balance. The manager can also drill down on the details for each of these categories. Copyright Solver, Inc., 2017 BI360 White Paper Page 13

14 UNIV12 Fund Summary by Cost Center The Fund Summary by Cost Center Report shows Revenues and Expenses by Fund, and in the columns it shows Actual amounts, Adopted Budget and Requested Budget. With the flexible BI360 report designer, numerous other layouts are also possible. Copyright Solver, Inc., 2017 BI360 White Paper Page 14

15 UNIV13 Consolidated Fund Summary The Consolidated Fund Summary Report shows Revenues and Expenses by Fund, and going across the columns it shows different Funds with a consolidated total column on the far right. With the flexible BI360 report designer, numerous other layouts are also possible. Copyright Solver, Inc., 2017 BI360 White Paper Page 15

16 Various Budget Input Form Examples The following are examples of various budget input forms for revenues and expenses. With the flexible BI360 report designer, numerous other Budget Input Form layouts are also easy to design. Copyright Solver, Inc., 2017 BI360 White Paper Page 16

17 Copyright Solver, Inc., 2017 BI360 White Paper Page 17

18 UNIV07 Payroll Budget Form The Payroll Budget Form is an example of a budget input form, and it shows the ease in which budget contributors can enter key payroll data in a user-friendly web-based form. Data from external HR/Payroll systems can be uploaded to BI360 and applied to budget and forecast templates. Metrics can also be displayed, via charts and graphs, within budget and forecast templates. Copyright Solver, Inc., 2017 BI360 White Paper Page 18