Bucknell University Creates Seamless Workflows with Cloud Planning_1
The budgeting demands within an academic institution are inherently problematic—do more with less. As Bucknell University developed its new strategic goals, it was clear that increased funding for diversity and inclusion programs was key, but money needed to be reallocated from within existing departmental budgets. Using spreadsheets to figure out where to save among departments was inefficient and not driving Bucknell to achieve its goal. Instead, the Bucknell FP&A team adopted the Adaptive Insights Business Planning Cloud together with Workday Human Capital Management and Financial Management, and trained its 150 users how to input and report on their budgets.
The seamless workflow that resulted ensured that all budget owners along the way could easily input current budget data, which in turn made its way up the chain to the vice presidents, the deans, and the president of the university. These university decision-makers, who previously left budget reviews to their operations managers because they were so complicated, now collaborate and check in daily on budget status. The result is a collaborative effort that has led to reallocating budget dollars toward the university’s strategic initiatives.