As you can tell by looking at the National Science Foundation’s (NSF) latest information on the federal funding of the research and development and R&D plant components of the US federal agency programs, you will find that managing money is a precise and sometimes complex job.  And especially where college administrators are involved, the scrupulous use and allocation of grant funds is often the backbone of successful research and development projects that are ongoing at colleges, universities and research hospitals around the United States.

Today, colleges and universities around the United States (as well as the world) are extremely dependent upon their college administrators to help keep the day-to-day campus functions running smoothly. College administrators have many responsibilities and often oversee budgeting issues that range from financial aid matters to employee compensation. With that said, IT Works offers university and college administrators the following highlights from their College Administrator’s Accounting Module:

10 Ways IT Works is Helping College Administrators

1. Provide easy to interpret reports to faculty and senior administrators
2. Obtain better control of account and project expenditures
3. Increase office efficiency
4. Set quality control standards
5. Project and encumber personnel costs from multiple funding sources
6. Manage special commitments & information unique to your department, with user-defined coding systems
7. Electronically interface to your college or university financial system
8. Allow simultaneous data access to multiple users
9. Comprehensive, multi-level security system
10. Obtain training, continuous user support, and software modifications to meet unique departmental needs

For more information about accounting and financial management, visit our website.