The higher education ecosystem is actually a set of many mini ecosystems that are tenuously connected by constantly interacting. Building management, human resources, financial systems, research grants, alumni networks, athletics – the list could go on, but the baseline is that all of these systems need to share information with one another, but few institutions have a developed architecture that connects them. This is the space where firms like Oracle and Higher One have emerged to handle operations and payment management.
Oracle’s PeopleSoft Campus Solutions is in use in over 900 universities and colleges, the platform supports integrations for financial management, warehouse management, identity and access management, CRM and human capital management which in turns makes it the central hub of the IT landscape. With the technology, universities have the ability to view all their costs and once and create custom structures to best manage the demands that they face from students, facility and the government.