A for-profit higher education organization continually acquired universities as their network expanded over the years. Each university traditionally utilized separate (and often disparate) financial systems. Monthly financial reports were prepared in each of the different financial systems and provided to Hyperion, leading to an extended financial close process each month as the results were compiled and reconciled. The organization initiated a project to implement PeopleSoft as a centralized replacement for the disparate localized solutions, with the intent to consolidate data at the corporate level, streamlining financial reporting.
This case study represents the migration of the financial general ledger data to PeopleSoft for nearly twenty of the organization’s South American universities.