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New Analytical Application Addresses Budgeting and Forecasting Challenges Specific to Colleges and Universities
REDWOOD CITY, Calif., June 30, 2014 /PRNewswire/ -- Tidemark, maker of modern cloud-first business planning and enterprise analytics solutions, today debuted a new Financial Planning for Higher Education app to help colleges and universities better manage growth in a challenging fund raising environment. The new app gives educational institutions the power to bring every stakeholder into the budgeting process and to establish a single platform for planning, budgeting and reporting.
Configured specifically to address the budgeting and forecasting challenges that colleges and universities face, the app delivers flexibility and scalability; infographic-style visualizations of plans and financial data that can be easily understood; and a mobile-first architecture that puts crucial information into the hands of the people who need it -- from deans and administrators to department heads and researchers -- anytime, anywhere.
"For years, finance departments at colleges and universities have slowly and painfully led their institutions through centralized, largely manual planning and reporting cycles using Excel spreadsheets or legacy planning systems designed only for specially trained financial analysts to use," said Tony Rizzo, Co-founder and Chief Product Officer, Tidemark. "In today's environment, these institutions are recognizing a critical need to retool and rethink the way they go about managing, tracking and reporting."
Designed using input from Tidemark's customers in higher education, including Brown University and the University of Miami, the new app delivers a variety of cloud and mobile-first financial planning capabilities, including:
Tidemark Financial Planning for Higher Education builds on the company's experience with institutions like Brown University, which implemented Tidemark with Workday to replace legacy solutions that had imposed time-intensive, manual processes for budgeting and planning. "Tidemark gives us the functionality, and flexibility to budget in the Workday data model and see the results at all levels of the organization," said Susan Howitt, associate vice president for budget and planning at Brown University.
Tidemark is a new breed of enterprise performance management (EPM), bringing modern, cloud-first financial and operational business planning and analytics to the enterprise through unique, intuitive apps, enabling organizations to significantly improve decision-making, reduce risk and improve business performance. Tidemark arms every decision maker with access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations on any device, enabling a culture of performance. Leading companies transforming their businesses with Tidemark include Netflix, Chiquita, Hostess Brands, Chuck E. Cheese's, HubSpot, ServiceSource and Brown University. Tidemark is funded by Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital, and Silicon Valley Bank. To learn more about Tidemark, please visit www.tidemark.com or follow us on Twitter @TidemarkEPM.
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