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Budgeting For A University Management ERP

The successful implementation of any ERP for university management is based on the budgeting for it. It needs proper financial research and feasibility analysis related to it that eventually decides the cost and budgeting. Preparing for an ERP implementation budget for your university is not an easier task, it needs the same mind shuffling as you will need for any other project. You will need to learn several things about ERP budgeting for university management. So let’s discuss the budgeting of ERP in this blog.

It’s often a topic of discussion on what amount should the University invest in acquiring a University Management ERP System. It is usually a herculean task among the finance and IT teams of Universities in planning for a successful ERP implementation. Budget is usually the first parameter that a university’s management ponders upon while deciding to buy an ERP package. Let’s look at some of the important factors to discuss before finalizing the ERP. 

Factors Affecting the Budgeting of ERP for University Management:

  • Deployment model 

Deciding for a budget to opt for ERP you must take into consideration how you want to deploy it in your university like on-premise or Cloud ERP or any other. There are benefits of each deployment model. With all this, you need to check the price of the ERP model for your institute according to the formation model that you have chosen, the maintenance cost for every year is an additional factor. 

  • Licensing process

The licensing process depends on the formation model that you choose, there are two main categories for licensing, subscription or software as a service (SaaS) and on-premise license. Both methods include different patterns of the cost that you must understand after having a free demo with the university management ERP implementation team. You need to understand the hardware, database, and middleware software, etc. before proceeding further. 

  • Numbers of branches of the university 

The size of your institute, the number of branches it has, the functions and responsibilities, and of course structural considerations of your institute play an important role while deciding the budgeting of the ERP for university management. 

Whether you have just one university or several branches for it, you will require some users for a license that can control the ERP at every end, meanwhile, it is up to you to share the access with partners, suppliers, and extended users. 

  • Applications and special modules 

The university management needs to decide about the specific applications or feature sets that you must expect from your ERP, it is one of the most important factors for the evaluation phase of the ERP.

Looking for the functional area, the project team checks the challenges that the university is facing and which modules of ERP are more important for them to improve the overall process that can bring positive change.

So when setting a budget for university management ERP, the chosen applications and modules affect the costing.

  • Development and Customization 

After finalizing the application and modules of the ERP, you need to focus on the development and customization that you think are important for your institute, for example, if you are thinking to have a customized feature in the fees module that can keep the fees of especially disabled students in a different section than the budgeting for the ERP will include extra charges for the same.

  • Training for the ERP System

It is also important to understand completely about the ERP system to implement it in the future, so after deciding all the things the ERP implementation team will provide you a proper training program so that you and other users can understand it properly to get the best returns of the ERP system.

It involves a proper training program of the new or upgraded ERP system for the university, so while setting up the ERP budget, it must consider the pricing of the training courses, educational materials, and other useful things that can develop the training more effectively. 

  • Support and maintenance 

Having an ERP for your university, you will need maintenance of it from the ERP implementation and support team. So while setting up the budget it is necessary to calculate the cost of support and maintenance, in some cases it costs annually and it gets included with the overall pricing of the ERP system. 

  • Scalability of the ERP system 

While thinking about having an ERP system for your university make sure to consider whether it supports the current technological aspects and whether it will support the upcoming new trends in technology providing you continued growth and success. It is also important to check whether the ERP system will help in planning for the future growth of your organization. 

Conclusion 

So with the understanding of the above points, you must have known about the budgeting factors of a university management ERP. Academia ERP system will not only help in simplifying the overall management process systematically but also will open the doors of success and new achievements. Discuss today with us to collaborate as we are happy to join hands with a university that focuses to drive change and bring digital transformation.

 

 

If budgets are tight, Academia ERP offers you allthe bells and whistles when compared to other well-known ERP systems at a fraction of the cost.

Academia ERP: Software as a Service (SaaS) Model

The annual license is also known as the subscription or software as a service (SaaS) fees which are billed annually. Annual per-user-per-year fees are all-inclusive of the yearly license, technical support, software maintenance throughout the year. The subscription fees will decrease with more users, usually on a tiered basis.

The benefit of SaaS licenses are:

  • The license fees are spread evenly over the life of the contract.
  • Low upfront costs – only implementation services and first-year annual license.
  • Annual licenses are purchased out of an Institute’s operational budget which can be easier to access than an
  • Institute’s capital budget.
  • License Model

This is the original enterprise software licensing model. In the perpetual model of licensing, the client makes an upfront, one-time purchase of the Academia, and then the client owns the software.

With a perpetual license, the client usually has to decide on the number of licenses (generally linked to the number of students) the client needs upfront. The cost per license will decrease with more licenses, usually on a tiered basis. The major benefit of perpetual licenses is that client has to pay just once and they are set to use Academia forever. The client then will only have to pay a fixed AMC each year.

How an Examination Management System Can Help Educational Institutions

An online examination management system can bring all the hassle related to managing examinations at educational institutions to ease.

When it comes to the examination season, it is a scary time not only for students but also for teachers, staff members, and University/College/School. Examinations processes require very seamless functioning, and it is dependent on exam admins, staff, teachers and exam centre manager. It requires frequent communication with all the members involved in the processes plus students, ensuring everyone is aware of the same information and last-minute confusion can be avoided (which usually happens).

Academia ERP is a comprehensive educational ERP software that provides Examination Management Module which covers all the tasks related to the management of examination right from exam registration forms and through the exam execution to marking schemes, results, the printing of mark sheets, reports and more. This module can assist staff in generating all the necessary forms that an institute needs from its students. As the module is connected to the student database; therefore, it is easier to retrieve all necessary information about the students by using just the Id/ name/ enrolment numbers. That helps to pace up the examination processes.

Academia Examination Module provides the followings functions for seamless & smooth management of examinations at the institute:

  • Exam Notifications
  • Exam courses and student registration
  • Exam Schedule
  • Exam Student Attendance Management
  • Student performance and mark entries
  • Grade, Percentage, GPA, CGPA management
  • Result preparation
  • Overall Reports for the exam and Marksheet management
  • Reports for result analysis

Here are the unique benefits of the Academia ERP examination management system for institutes:

1. It reduces the examination management costs

Examination management system assists in all the related processes and reduces paperwork. All the reports, certifications, question papers can be saved on the cloud database of institutes, that any authorized user can access any time he/she wants. It does not only save the cost of stationary but also the costs and places of storage of all the examinations reports & data.

2.  It saves processing time

Academia ERP automates all the examination operations. Staff can generate all the forms, reports with it. With the integration of the Student Module; in which all the student data is saved, it becomes easier to get the student details and use it in the examination as required.

It also helps teachers in result calculation. Whatever is the marking scheme in a school, whether it is grading or percentage-based teachers can customize it according to their needs. They can also convert grades to marks if they require. This way, teachers can create results faster, and management can distribute them to students sooner.

3. It generates all the reports a school needs

Examination processes don’t end with results announcement. Schools need to maintain records for pre-examination reports, assessment reports, credit-based reports, and examination reports. They also have to keep a record of exam-papers for future reference for teachers and students.

Academia ERP helps educators to generate and manage all these reports with full details. All these reports will be on the webserver, but they can always download these reports individually or in bulk smoothly.

4. It is consistent and error-free

No one can not deny the power of computer-based calculation systems. Using this system in examination processes reduces the possibility of any error. With a sound system such as Academia SMS, teachers can avoid the time waste in re-evaluation, re-work in reports. That also increases the reliability and credibility of school management.

Add-on benefits of automated examination management system:

  • Saves time and energy of the staff
  • Reduces duplication of the work
  • Auto-works on student’s progress report that helps in improving students’ outcomes.
  • Eliminates manual forms
  • Automates processes for exams at all stages
  • Simplifies exam processes to make it easy and transparent.
  • Provides push notifications on Student Portal for all the latest updates
  • Sends SMS & Email notifications for students & teachers on mobiles

Exam Management Module in Academia ERP is an exceptional system that can automate and streamline the planning and execution of the entire processes, and it is designed to make the management cost-effective & efficient. The system manages access permissions for different users to avoid mismanagement of legal and official data by an unauthorized user for not only exam info but various other data as well.

Are you looking to automate examination processes in your educational institution? Academia ERP is the best option you can have. Know more about it,  book a free demo of the examination management software today.

Student Information System: Empowering Institutions

The Student Information System is an ecological system that helps the institutes get rid of distributed data. This all is in single software which includes initial documentation from inquiry management, and student registration, till students get passed out of the college / University. This software will help you in running all day-to-day college activities without difficulty. College can easily send alerts or different sorts of information via SMS or email to parents and students. Information generated includes results, attendance records, assignments, notices related to different cultural activities, seminars, corporate events, Placements, etc…

 Student Management System helps in many ways such as:

  1. Authentic time reports: Long ago manual reports technology was used in institutions. These days, the management can do the whole lot on ERP, which in itself is an inbuilt mechanism for generating reports. Many styles of actual time assessment can be generated from such software in the form of different excel reports.
  2. Paperlessness: Automation of process leads to reduced usage of paper which ultimately helps in saving time and money.
  3. Data Security: SIS provides a high level of data security in terms of protecting data from unauthorized access and data corruption throughout its life cycle.
  4. Improved quality of interaction: With the help of SIS interaction between Students – Faculty, Student – Management, Management – Parents, Intra college Faculties, Administrator became more transparent.
  5. Growing productivity: The proper use of ERP software program will boom the productivity of University / Colleges to a large volume.

Hence, the Student Information Software is a boon to the education industry. With limited and constrained options to satisfy the current generation, let us start working towards a better tomorrow with the ease of SIS in a click away

What big challenge did Academia solve for Waljat College Oman

WCAS was founded by H.E. Dr. Omar Bin Abdul Muniem Al Zawawi in 2001 with an aim to promote high international quality education in Oman that prepares students for modern, high quality jobs. WCAS functions in academic partnership with Birla Institute of Technology, a reputed deemed university located in Mesra, Ranchi, India. BIT was founded by the Philanthropist and Industrialist, the Late Mr. B.M. Birla in 1955 and since then has been a pioneering institution in the fields of technical education and research.

The WCAS vision is to impart affordable high quality professional education and to become a centre of academic excellence that is a preferred choice of talented students. Wisdom, Commitment, Achievement and Service are the core values to realize our vision. WCAS believes in the holistic development of its students and offers a content and activity rich curriculum with emphasis on knowledge development, communication & interpersonal skills, projects and training activities. The WCAS campus is located in Knowledge Oasis Muscat, Rusayl with state-of-the art teaching facilities, Laboratories, library and student services.

What challenge did academia face at WCAS?

WCAS wanted a totally customized college ERP solution as per their requirements which is an integrated solution suitable for their complex processes. They evaluated various solutions and finally chose Academia because of the in-depth features and customization that can be done within the system. The reports also needed to be presented to the Ministry of Higher Education, Oman by Waljat College.

One of the major problems that needed to be addressed was the use of multiple solutions in various departments in a single campus resulting into non-uniformity of data along with data redundancy.

How did Academia Solved it?

Waljat College of Applied Science had reviewed many ERP’s in the past looking for a solution which could be customized to meet their requirements but no solution came even close to fulfilling their needs.

After studying Academia, its in-depth features and customization capabilities, WCAS trusted Serosoft team and gave the opportunity to deliver them a solution which matched their requirements.

Some of the major processes, apart from standard Academia modules from enquiry to graduation, which were covered for Waljat College:

  • ID generation for Admission Process
  • RFID Integration with Library Module
  • Examination and Attendance Module were customized as per the process followed by the college.
  • The Fee & Finance structure was also tweaked and aligned as per the admission processes.

All the above activities resulted in competitive standing, aligning of technological & business strategies, increased efficiency and uniformity in data and processes throughout the college.

Academia empowers institutions of varied sizes and Educational focus on delivering high-quality education and not much thinking or administrative process. It enables educational institutions to take care of administrative tasks and assists their entire in repetitive resource-intensive activities through seamless automation. The architecture of Academia is designed in such a way that it meets the unique and varying needs of schools, colleges & universities.

Academia helps create a community where each educational of its stakeholders/users can get their entire job done on a click. It ensures interaction between students, teachers, parents & institute management. It also helps management to make effective the top managerial decisions leading to better management of resources available in the institute. With Academia, all Processes, Departments Functions of an institution become automated and streamlined, leading to enhanced Transparency Productivity & Control and which finally translates to higher overall efficiency. Over time, increased efficiency results in superior brand differentiation and enhanced.

Get a detailed product overview by scheduling your free product overview.

KL University recommends Academia Student Information System

With a presence in more than 20 countries across 4 continents, Academia by Serosoft is making a steady move towards the peak of the education technology domain. 

One of the key highlights of our education ERP solution is automation. Automation is one of the biggest trends in the education industry. It allows you to automate repetitive time-intensive tasks and allow you to focus on the key operations of your institutes. It also eliminates the need for manual intervention. Looking at its benefits, KL University, one of the renowned universities of southern India, based in Guntur, Andhra Pradesh wanted to implement it in their various operations. 

Our approach in implementing automation was to reduce manual intervention to a minimum and increase efficiency in several operations. We started by understanding KL University’s current work processes and modified the Academia ERP solution likewise to mimic their needs and reduce the workload to a great extent on their human resources. 

The university has more than 20,000 students, and they are growing each year and introducing new programs and courses to attract more students and provide world-class infrastructure and education to them. Having said that, not only do we have to focus on the current needs of the university but also see how well we can accommodate the needs of a growing education ecosystem and make their university future ready. 

Academia ERP solution is a feature-rich product that provides solutions such as college management, Student Information System, and many more. In the backend of the software, we use a variety of modern technology tools that support automation and assure accuracy in operations. 

For KL University, we automated many operations on the student side and faculty side. For example, we automated the admission selection process, course-based registration, timetable generation, resource management, inventory management, hostel management, and other operations. 

As a company that focuses on building long-term and strong relationships with its customers, we made sure we are equally focused on client experience during and after product implementation. 

We are proud to say that we have achieved 100% client satisfaction in terms of KL University, and look forward to serving them and our all other customers with the same dedication and expertise. 

Please take a minute to hear what the ERP head of KL University has to say about their experience with Academia by Serosoft Solutions Pvt. Ltd. 

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