Montclair State University

Like many public higher education institutions, Montclair State University needed a financial performance solution that can adjust with the changing tide of state government budgets; the legacy on-premises solution they were using required programmers to create annual update reports. The intuitive interface of Next FPA made the game-changing difference to university operations. The finance team slashed the overall timeframe for compiling board reports from one week to a few seconds. Next FPA ’ capabilities allowed for various planning and reporting models, yet, brought together multiple sources of data for a single version of truth, putting the university’s finance team back in control of producing meaningful reports.

Challenges

Limited functions in legacy system hindered ability for departments to track budgets Weeklong process to build a monthly board management report in a spreadsheet Government funding varied according to political and economic climate

Results

Quick implementation of software without IT support Nimble reporting that adapts to funding allocation from the state government Expanded capabilities to create various models, including financial, planning and course reporting.