Case Study: Northwood University streamlines budgeting and forecasting with XLerant BudgetPak

Northwood University cuts $200k from salary planning with XLerant

Northwood University, a private multi-campus business school, faced significant budgeting challenges due to its reliance on a fragile, Excel-based process. The system was time-consuming, inflexible, and unable to handle what-if scenarios, which was particularly critical as the enrollment-dependent institution operated without state funding. After a management transition, a new CFO demanded a more dynamic solution that was sophisticated yet did not require extensive IT support. The university selected BudgetPak from XLerant after a swift evaluation.

The implementation of XLerant's BudgetPak was seamless, requiring minimal IT involvement and receiving widespread acceptance from its 110 budget managers. The solution provided powerful what-if modeling for forecasting and a streamlined salary planning feature that helped cut $200k in costs. The university also achieved better, more flexible reporting and plans to move away from its general ledger system for reports. The XLerant platform received zero complaints from users, and the CFO received positive feedback on the new system, marking a vast improvement over the previous process.

Northwood University