July 07, 2014 – XLerant Inc., the leading provider of cloud-based budgeting software, announces the signing of eight new higher education customers. Located from coast to coast, these institutions selected XLerant’s BudgetPak solution to replace their manual and time-intensive Excel-based budgeting processes.
“XLerant is pleased to partner with these esteemed higher education customers,” said Ted Dacko, CEO of XLerant. “We added St. Bonaventure University (NY), Eastern Kentucky University (KY), Nova Southeastern University (FL), Bowdoin College (ME), Laboure College (MA), Columbia Basin Community College (WA), Columbus State Community College (OH), and Southern Adventist University (MA). These customers use a variety of different ERP systems -Banner, Datatel (Colleague), Jenzabar, and others – but all were in need of a better solution to Excel-based budgeting.”
This is a continuation of two trends in higher education. The first is that, due to increased pressure on financial performance, higher education is now treating budgeting as “mission critical.” Excel no longer can deal with the realities of needs of higher education. The second trend is that higher education is now trying to budget to the institution strategy versus history or politics. So the demands are greater for better participation and ownership as well as documentation and justification.
“From the outset we try to focus our attention on quick and easy implementations and attracting users into the budget process without a great deal of effort,” said Joanne Brunn, Vice President of Client Services. “We are excited about these new customers and plan to have them all running by September.”
BudgetPak focuses on getting greater participation from, and better ownership of, the numbers from end users, while eliminating cumbersome data entry, solving lack of flexibility and eliminating potential errors associated with Excel. It is the top product for small- to medium-sized higher education institutions. Its TurboTax-like, user-friendly and intuitive interface for corporate budgeting is perfect for faculty and staff members who are not proficient in Excel.
XLerant is a SaaS software solutions company that builds and implements innovative, practical and incredibly powerful browser-based budget preparation software for mid-sized and large organizations and higher education institutions. The company serves customers in several industries. XLerant’s premier budgeting and planning application, BudgetPak, replaces spreadsheet-based budgeting and provides maximum user flexibility and financial controls. Improved communication, greater ownership of the numbers and increased transparency enable companies to better manage financial performance throughout the fiscal year.