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  4. Expense management for higher education
Insights - Why expense management

Expense management for higher education

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The challenges and solution for grants, athletic teams, and procurement.

Key takeaways 

  • Higher ed institutions face unique challenges in expense management  
  • Best practices, clear policies, and mobile capabilities are essential 
  • The right technology can promote efficiency and compliance 

Higher education institutions share many of the same attributes as medium to large commercial organizations, including sizeable numbers of employees, teams that are often geographically dispersed, and closely controlled budgets. 

However, unlike commercial organizations, higher education institutions’ travel and expenses are often funded by grants and scholarships, which can have a variety of different reporting regulations. 

As a result, higher education expense reporting processes can be more complex than those for similarly-sized companies, requiring specialized solutions to ensure compliance with grant regulations—in addition to the numerous state regulations with which public institutions must comply.

In this e-book, you’ll find: 

  • Operational best practices: How to establish a solid foundation of processes and policies aligned to your institution’s specific needs, as well as an easy to use entry and approval system 
  • Recommended capabilities: From mobile to analytics and auditing to support for complex business rules 
  • Advanced recommendations: Everything from providing guidance for users on appropriate use of funds to allowing division of expenses between multiple grants or cost centers to group travel management
Download eBook
Topic
Financial Management and HR, Operational Efficiency

Products & Services

Ellucian Travel and Expense Management

Cut travel and expense processing costs. 

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Ellucian Colleague

Provides an intuitive student experience and helps institutions serve their constituents more effectively.

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Ellucian Banner Finance

Streamline operations, get critical data on the go, and focus on institutional success.

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Success Story
Online expense processing improves efficiency

Idaho State University saves time and increases compliance with Ellucian Travel and Expense powered by Chrome River.

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Insights - Top 4 benefits automating travel
eBook
Reduce costs without reducing impact

It’s time to take control of your institution’s travel and entertainment expenses.

Dive Deeper

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