Higher Education

Higher education organizations have a responsibility to properly manage and control costs, exercise sound fiscal stewardship, and protect their data. In support of these efforts, comprehensive and automated controls are essential to protect an institution’s reputation and retain eligibility for grant monies. Additionally, new technologies greatly strengthen the ability of higher education organizations to meet their most critical missions.

FICO helps higher education organizations quantify and manage risk across the Procure to Pay cycle and more to deliver better services with measureable benefit:

• Continuously monitor and identify of non-compliant and excessive spending across Procurement, PCards, T&E, and Invoice Management.
• Prepare for more analytically based audit strategies and take a proactive approach to more stringent A-81 audits .
• Empirically score the health and hygiene of IT systems to manage and monitor the cybersecurity risk introduced by your vendors.
• Realize the promise of advanced analytics and decision management.