Financial Planning
and Budgeting for schools

Plan and Budget with predictive AI using
Netsuite EPM by Feoda

Historic Planning
and Budgeting

In many educational institutions, the process of planning and budgeting can be cumbersome and resource-intensive. Finance teams often find themselves bogged down with administrative tasks such as collecting, consolidating, and reconciling data, leaving little room for analysis, strategic development, and goal setting. This can result in inconsistent accuracy and unreliable outcomes.

Unfortunately, many schools still rely on outdated tools and processes, such as spreadsheets shared via email, for their planning and budgeting needs. This approach is error-prone and lacks the flexibility needed to adapt to changing business conditions quickly. Errors in spreadsheets can lead to misinterpretations and poor decision-making, hindering the school’s ability to respond effectively to new opportunities or challenges

Oracle NetSuite Enterprise Performance Management (EPM)

Revolutionizes Schools’ planning and budgeting processes through the integration of AI and advanced analytics. By leveraging these technologies, Oracle EPM Suite empowers Schools to enhance the accuracy and efficiency of their financial forecasting. Through intelligent insights and predictive analytics, Schools can make informed decisions that drive strategic initiatives forward, enabling them to optimize resource allocation, improve budget accuracy, and adapt quickly to changing financial landscapes. Oracle EPM suite provides Schools with a comprehensive platform that simplifies budgeting and planning while empowering them to make data-driven decisions that positively impact their financial health and operational efficiency.

ARCS

Account Reconciliation Cloud Services A platform to manage and monitor the accounts reconciliation process with total visibility and control.

Planning

To model and plan across Expenses, Human Resources, Capital Assets and Revenue, streamline the financial planning process and drive better-informed decisions.

Narrative Reporting

Streamlines the entire collaborative reporting process from content to versioning to workflow for School Annual Financial Statements and Board Metrics.

ESG Reporting

A framework for environmental sustainability reporting that combines data from various sources, allowing Schools to easily perform conversions and calculations.

ESG Reporting Framework.

In addition to standard Management reporting capabilities, EPM suite offers Environmental, Social and Governance Reporting (ESG). This module helps organizations monitor and report on sustainability efforts, social impacts, and governance practices, ensuring compliance with regulatory standards and demonstrating commitment to ethical and sustainable operations.

Oracle’s ESG reporting module tracks environmental metrics like energy usage and carbon footprint, social metrics such as community engagement and employee welfare, and governance metrics including compliance and ethical practices. This integration ensures comprehensive and transparent reporting, supporting the organization’s sustainability and ethical goals if required by mandatory legislation or reporting requirements based on board metrics or community engagement.

Main ESG Themes – GRI Metrics.

Environmental

GRI 301-308

Tracked Metrics

Energy Usage
Renewable Energy (%)
Emissions
Water Usage
Water Recycled
Waste by Type
Materials Used
Recycled Content (%)
Biodiversity
Supplier Env. Assessment

Social

GRI 401-408

Tracked Metrics

Gender
Ethnicity
Talent Development
Training
Safety Incidents
Corporate Giving
Volunteering
Supplier Social Assessment
Human Rights Assessment
Privacy

Governance

GRI 101-103, 201-207

Tracked Metrics

Ownership
Economic Performance
Audits
Policies (i.e. Anti-Corruption)
Certifications
Risk Management
Compliance
Tax

EPM Solution Benefits.

Unified Solution. Planning Forecasting and Reporting

Embedded data science for predictions / integrated Machine learning and AI

Integrated P&L, Balance sheet and cash flow. Template based / Trend Based / Driver Based approach

Intuitive, role-based web and MS office interfaces for Reporting with formatting and charting support

Built-in commentary and annotation capabilities.

Database presented in Spreadsheet format with smart features to avoid Excel errors and formulas.

Core Module for Schools:

The Planning module will serve as the core system to streamline and enhance your Schools overall planning and budgeting process. This module integrates all General Ledger (GL) codes related to Profit and Loss (P&L) and balance sheet data, enabling comprehensive budgeting, forecasting, scenario analysis, and variance analysis. By centralizing financial management, it ensures accurate and real-time financial insights, supporting strategic decision-making and efficient resource allocation across the school.

This foundational setup will facilitate seamless integration with additional detailed planning modules, further optimizing the school’s financial operations.

Data Source

Unified Data Source Architecture

Multiple Data Source Architecture

Oracle EPM is integrated with Oracle NetSuite Financials. Feoda can integrate GL data from existing financial systems or spreadsheet upload during Phase-I stage on monthly basis based on each individual school’s requirements.

Oracle NetSuite has full functionalities for each data set required for a complete Planning suite implementation however if data are present in silo applications, then these data can be integrated into NetSuite Financials and transposed to Oracle EPM as Phase – II projects and when additional Planning modules are added.