How the University of South Carolina redefined its financial planning and analysis with TruEd Consulting designed for Anaplan
More than science is at work inside South Carolina’s most comprehensive health sciences research and teaching institution.
Everyday, the University of South Carolina’s researchers and its fifty thousand undergraduate, professional, and graduate students search for solutions to complex issues that limit the health, prosperity, and futures of this generation.
The university reached a critical juncture with its old financial planning and budgeting system. Though it implemented new systems for finance and human capital management, most of the work and data were still tracked and evaluated manually on spreadsheets.
“Herein the budget office, we were doing everything on spreadsheets, and there was a lot in those spreadsheets,” said Kelly Epting, Associate Vice President for Finance and Budget. “We frequently had to switch back and forth between them, which meant we were susceptible to all forms of error. Also, our processes were extremely inefficient. Whenever we were asked to run scenarios, it would take several days. What we really needed was a better and more efficient way of doing things, not only for our office but also for our colleagues in the colleges and the support units.”
Kelly and her team began looking for a real solution to the university’s financial planning issues. Their search prompted them to speak to different vendors at various conferences. Anaplan was the solution that was on the tip of everyone’s tongue. However, the university needed a partner to help implement Anaplan, and TruEd turned out to be the perfect choice.