Case Study: Federation University and MAGIQ Performance

About

Federation University Australia (FedUni) is Australia’s newest university built on a history of success. FedUni was
established in 2013 by bringing together the University of Ballarat and the Monash University Gippsland Campus and is the only regional, multi-sector University in Australia.

The Challenge

The Finance teams ability to effectively meet the diverse reporting requirements of the University was compromised by a reliance upon a series of complex, manual spreadsheets. Considerable time and effort was required to gather the business data and it was increasingly difficult to deliver the information required by the individual departments and faculties to accurately support their decision-making.

The Solution

FedUni implemented the MAGIQ Performance Suite in 2014 to deliver improved financial and operational reporting and budgeting processes. The University initially implemented the MAGIQ Performance suite across their Financial, HR and Payroll and Student data and more than 150 staff are now using the software to achieve their reporting and budgeting requirements.

The Benefit

FedUni believe MAGIQ has allowed them to significantly improve the quality and efficiency of their reporting and budgeting processes across the University. The ease of use of the software has delivered excellent staff take-up and adoption, with far greater transparency and accountability leading to better quality, more informed decision-making.

 

Michael Drohan, Manager Finance Systems:

From a Finance perspective it helps us to accurately allocate and manage funding. For the individual Faculties it gives them far greater visibility of the performance and financial viability of the various courses and
programmes the University offers.

 

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Federation University