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CP Software in Financial Management at UK and Irish Universities

Corporate Planner has established itself firmly as the market leading software for budgeting, costing, planning and reporting at UK and Irish universities. Corporate Planner has now been implemented in 34 universities in the UK and Ireland. These include University College London, University of Liverpool, University of Hertfordshire, Southampton Solent University and University of Wolverhampton, just to name a few.

The software is used for devolved budgeting and for management reporting. Other areas of application are income forecasting and detailed pay planning, as well as in preparing statutory reports. Reports and evaluations on contract research are generated with the analysis and reporting functions in Corporate Planner.

A typical university has around 100 academic departments and a further 60 central administration offices. Budgeting is done on departmental level, and combinations of around 1,000 activity and account codes are quite common. This results in large data models with many hierarchy levels.

The data from the different [back]-office systems are quickly and easily imported to the planning models in Corporate Planner.

University College London, for instance, has a budget of one billion Euros, of which 300 million Euros are provided for contract research.

In cooperation with the CP Certified Partner Account-Ability, models have been set up to receive data concerning staff and student numbers, space occupied and various cost types, as well as the financial data. These figures are needed for cost and resource allocation and for calculating key ratios. In many instances, Corporate Planner is now also used for the management reporting pack, and professors and senior managers keep themselves up to date by means of Boss Boxes.

CP-Web is a great help to university staff when it comes to modelling and reporting the workload of each teaching module and research contract. It also provides access to the structures for forecasting student numbers and income.

Universities in the UK and Ireland have formed a CP Users' Group in which experiences are shared and to continue developing the application areas of Corporate Planner.

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