CALUMO for Higher Education
Here is a short synopsis of what CALUMO has done for Macquarie University.
Faced with an issue of 25,000 lines of SQL script to generate information for users the Uni’s reporting and planning systems were unmaintainable and unreliable. CALUMO was engaged through winning a tender process to provide integrated Reporting.
The CALUMO solution, referred to as “ForeSight” provides financial and HR information to over 400 users on a daily basis via a web interface. Macquarie University has extended the use of CALUMO to provide both annual budgeting capability as well as re-forecasting by users and departments.
Individual Faculty models are able to be uploaded , with phasing and validation in seconds, eliminating the need for rekeying of data saving huge amounts of time.
In the second year of usage, the budget process was updated to improve speed, functionality and ease of use. The budgeting system is now fully maintained by the University itself.
Estimates are that the University has saved over $60,000 a year in time savings alone.