The Challenge

The Higher Education User Group (HEUG) began in 2001 with just eight Oracle users that wanted to collaborate and facilitate the sharing of ideas, information, and experiences among users of Oracle application software. Today HEUG boasts over 23,000 users from over 900 campuses and 34 countries.  But with that kind of massive growth, HUEG needed to scale-up and streamline their accounting and financial reporting processes to meet the needs of their rapidly expanding global operations.

 

Our Approach

HEUG’s accounting and financial reporting processes had not evolved from a newly formed and relatively simple operational model to a growing and more complex international enterprise. After a thorough analysis, Tate & Tryon concluded that the best approach to modernize processes and reporting was to upgrade the accounting system to a more robust cloud-based accounting, bill payment, and expense reporting solution.  Our solution improved efficiency through work flow automation, and enhanced transparency; providing a more flexible infrastructure for a virtual business.

 

The Results

  • Board members have online access to insightful financial reporting and dashboards. Detailed reporting allows conference planners to manage costs and better predict meeting performances.
  • New online workflow automation tools allow for more efficient transaction review and approval without sacrificing sound internal controls. ACH payments for reimbursements and vendor payments shortened payment time significantly from bi-weekly to daily.
  • HEUG now has ongoing access and support from Tate & Tryon’s experienced, nonprofit focused financial team as it continues to grow.

 

Read More: Download Now

INSIGHTS & RESOURCES

Tips on Improving Your Nonprofit’s Charity Watchdog Ratings

Posted on , updated on

Insights10/02/2019

Nonprofit Accounting-Tax-Technology10/02/2019

Podcasts10/02/2019

In this podcast, we discuss how charity watchdog organizations such as Charity Navigator, BBB Wise Giving Alliance, and GuideStar typically monitor and rate charitable organizations and what nonprofit leaders should be thinking about with respect to their organization’s ratings.

Resources Center

The Right Size, Right Fit

X
X
X