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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:
Large universities spend billions of dollars each year, a significant portion of which comes from government and private grants. Most universities monitor this spending using multiple disparate systems and manual efforts supporting the pro...
Universities and other large organizations process a high volume of diverse spending transactions — of which they’re often able to audit only a small percentage. Control over spending is limited because most infractions are caught long aft...
Which is more risky to a university’s finances and reputation, the purchase of a $4 beer or $4,000 worth of cloud computing services?
It depends on whether the funding source for the beer is subject to federal funding or grant rules pro...
With their high volume of transactions, universities do not have the staff to manually review 100% of procure-to-pay transactions. FICO® Falcon® Assurance Navigator enables organizations to continually monitor 100% of spend from procuremen...