Apps Run The World

London South Bank University Digital Transformation Initiatives

Apps Run The World

About the Customer

London South Bank University (LSBU) is a public university in Newington, London. It has 17,985 students and 1,700 staff, and is based in the London Borough of Southwark, near the South Bank of the River Thames, from which it takes its name.

Founded from charitable donations in 1892 as the Borough Polytechnic Institute, it absorbed several other local colleges in the 1970s and 1990s, and achieved university status in 1992. LSBU is a post-1992 or new university.

The current Chancellor is investor Richard Farleigh and Vice-Chancellor is David Phoenix.

Scope and Challenges

Drives educational excellence with smart financial planning Higher education requires expert resource planning. To gain greater insight into effective long-term strategies, London South Bank University (LSBU) equipped its financial planning department with IBM® Planning Analytics, helping to foster student success with more effective forecasting and budgeting. University funding fluctuates with student enrolment and many other factors. How could LSBU gain the insight it needs to optimize resource planning and make prudent long-term investments?

Outcome and Implications

By choosing the cloud deployment option for IBM Planning Analytics, LSBU doesn’t have to worry about installing, maintaining or upgrading the software. This helps to reduce total cost of ownership and increase flexibility.

To help the financial planning team transfer data between different systems more easily, LSBU also utilizes the IBM Planning Analytics for Microsoft Excel extension—enabling it to load budgets and forecasts from the IBM platform into its accounting solution seamlessly.

Working with IBM Business Partner Budgeting Solutions, LSBU enhanced its planning capabilities with IBM® Planning Analytics—empowering the finance team with more efficient forecasting processes.

Quotes

“Efficient, effective financial reporting and forecasting are fundamental to LSBU’s ability to make the best investments in its students, staff, and facilities. To help LSBU direct its resources, we use financial planning tools to track every aspect of university finance, including student numbers, staff payroll and CAPEX, as well as all of the University’s additional costs.” said Keith Would, Head of Financial Planning and Reporting at LSBU

“When completing our budgeting cycle, we had to manually update around 20 different tools to ensure we produced student numbers and fee income information for different programs of study, including undergraduate or postgraduate courses and domestic and overseas students. This created a significant amount of time-consuming, manual effort for our team, and increased the scope for human error. As our needs grew, it was clear that the financial planning tool we were using didn’t have the capacity to handle the amount of data we needed to build one consolidated budgeting model." said Keith Would, Head of Financial Planning and Reporting at LSBU
 


103 Borough Road
London, x , SE1 0AA
UK
44 20 7815 7815
https://www.lsbu.ac.uk/
Industry Employees Revenue
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Enterprise Software & Cloud Applications Purchased by London South Bank University


Vendor Old Product New Product Function Market Users VAR/SI When Live
IBM Legacy Applications IBM Planning Analytics Enterprise Performance Management EPM n/a Budgeting Solutions 2017 2018
Subscribe Subscribe Subscribe Enterprise Resource Planning ERP Financial Management Subscribe Subscribe n/a n/a

IT Decision Makers and Key Stakeholders at London South Bank University


First Name Last Name Title Email Phone
Subscribe Subscribe Director Of Planning, Information & Reporting Subscribe Subscribe
Subscribe Subscribe Chief Financial Officer Subscribe Subscribe