Discover the latest software purchases and digital transformation initiatives being undertaken by London South Bank University and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1700 London South Bank University employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that London South Bank University has purchased the following applications: Unit4 Business World for ERP Financial in n/a, IBM Planning Analytics for EPM in 2017 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems London South Bank University is running and its propensity to invest more and deepen its relationship with UNIT4, IBM or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing London South Bank University revenues, which have grown to $188.0 millions in 2019, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for London South Bank University intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
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.
“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
|Vendor||Old Product||New Product||Category||Market||Users||VAR/SI||When||Live|
|IBM||Legacy Applications||IBM Planning Analytics||EPM||EPM||n/a||Budgeting Solutions||2017||2018|
|Subscribe||Subscribe||Subscribe||ERP Financial||ERP Financial Management||Subscribe||Subscribe||n/a||n/a|
|First Name||Last Name||Title||Phone|
|Subscribe||Subscribe||Director Of Planning, Information & Reporting||Subscribe||Subscribe|
|Subscribe||Subscribe||Chief Financial Officer||Subscribe||Subscribe|