Case Study: Portland State University streamlines budgeting and cuts forecast cycles by 67% with Prolifics TM1

Portland State University - Customer Case Study

Portland State University faced a significant challenge in managing its financial planning and budgeting processes. The finance team relied on a fragmented, manual Microsoft Excel-based system to consolidate data from over 50 departments, a process that was inefficient and prone to error. To modernize its operations, PSU engaged the vendor Prolifics for a robust performance management solution.

Prolifics implemented its TM1 Accelerator solution to automate the budget process and integrate it with the university's Ellucian Banner system. This created models for enrollment planning and tuition revenue that allowed for real-time impact analysis. The solution provided accurate, controlled data and streamlined workflows, resulting in a 67% reduction in budget and forecast cycle times for PSU.

Portland State University

Robert Naranjo

Business System Analyst/Programmer