Colleges, universities and school districts face increasing challenges with growing student bodies, integration of complex systems and procedures, and the need for transparency and employee accountability. Core educational responsibilities are often complicated by additional functions like management of scholarships, financial aid, food service and medical care services.
Progressive, forward-thinking educational institutes are using data analytics to address the risks presented by these constantly evolving issues. CaseWare IDEA® helps you efficiently manage resources, procedures and data with confidence.
Significantly reduce fraud, waste and errors to prevent unnecessary losses
Identify operational efficiencies to take advantage of cost savings
Analyze 100% of data for accurate budgeting and forecasting
Take a proactive approach in assessing, addressing and managing risks
Build and maintain more effective compliance programs
Detect abnormal spending patterns and potential fraud within payroll, vendor data, travel and expense, purchasing card (p-card) transactions and other financial data
Track trends and emerging issues around enrollment, recruiting, retention and graduation rates
Streamline and automate processes to increase productivity
Schools have many of the standard ledgers. Payroll and Accounts Payable can be key concerns. Typical test areas include:
In the past they were only able to test approximately 20% with sampling across the board, due to lack of resources, now they can do 100% testing based on exception reports that we created using IDEA.