More universities will complete their migration in the next few weeks – cutting down the enrolment process for thousands of students and staff by massively simplifying the online system.
TechnologyOne is confident its new product is by far the best in the marketplace, ten years ahead of anything else, and the only student management software solution which is delivered as part of a truly integrated, enterprise solution for the tertiary education sector.
Competition is fiercer than ever in this sector, which is actually experiencing an upswing in the current climate due to workers suffering redundancy or shortened hours returning to education to bolster their resumes, or students deciding to forgo the expensive gap year in favour of earlier university entrance.
TechnologyOne has been working with its customers to fine tune its solution over the last few months and the company’s Executive Chairman, Adrian Di Marco, is confident the teams have achieved their goals.
“All the other vendors offering Student Management solutions are using technology which is more than ten years old,” Mr Di Marco said.
“TechnologyOne is the first vendor to successfully migrate customers to a new generation platform for an integrated enterprise solution No other vendor servicing any sector has delivered on their promise to provide a new generation, integrated enterprise solution.
“Our solution enables tertiary education institutions to make better use of their resources and better strategic decisions by providing reliable metrics, such as the return on investment of individual courses or units.”
More than 50 per cent of Australian universities already use TechnologyOne software and the company has already made in-roads into New Zealand and the UK – the combined worth of all three markets is more than A$500million in student management software alone.
“We are already working with the University of Otago in New Zealand, the Institute of Education, part of the University of London, and the University of Hertfordshire in the UK,” Mr Di Marco said.
“The plan is to build on this proven success to win more customers in these markets and target the TAFE and polytechnic sector as well.
“We are very confident in this area because we work closely with our education customers, who are often early adopters of technology and are regularly subject to changes in reporting or compliance requirements.
“For example, in May’s budget the government committed $813 million over five years to increase funding for universities' indirect costs of research - but 80 per cent of the funding will be contingent on universities measuring their costs according to an activity-based costing method now under development.
“We help our customers to report on requirements like these by continuing to reinvest millions of dollars into research and development and updating our solutions regularly.”
TechnologyOne actually started working with Curtin University of Technology more than ten years ago when they formed a joint venture to develop one of the first Student Management solutions on the market.
The University now benefits from TechnologyOne’s integrated enterprise solution suite, subscribing to a range of solutions including TechnologyOne Financials, Supply Chain and Student Management.
Other TechnologyOne solutions in the integrated enterprise suite for tertiary education are Business Intelligence, Enterprise Budgeting, Human Resource & Payroll, Customer Relationship Management, Enterprise Content Management, Performance Planning and Works & Assets solutions.
TechnologyOne’s Student Management solution won an Australian Industry Award at the Consensus Software Awards in 2008.
Founded 22 years ago in Brisbane, TechnologyOne employs more than 700 staff throughout Australia, New Zealand, Malaysia and the United Kingdom.