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STAGE TWO:
IMPLEMENTATION OF BANNER FINANCE
New Hampshire Community Technical College
System Upgrades to a Real World Finance System
Manchester, NH- February 7, 2007- Immediately following the successful
completion of upgrading Banner 6 Student to Banner 7, New Hampshire
Community Technical College System and NBH Solutions are well on the way to
successfully implementing Banner Finance, which will complete stage two of
this administrative implementation/upgrade project.
It’s
out with the old and in with the new, as NBH Solutions continues a year long
project to remove the current accrual finance system that has been in place
for fifteen years. The current finance system allows for users to put
anything they want into the system, the way they want. The goal of Banner
Finance is to give users a more tailored and structured system with real
world controls and specific rules. Chief Information Officer, Richard
Dockery, believes that despite the huge learning curve, an upgrade like this
is absolutely necessary. “It’s absolutely beneficial and necessary. There is
no way you are going to be able to survive without going this way- it’s a
benefit and survival, you have to do this. You can’t survive on the old
accounting systems, you can’t meet the reporting needs of government, state,
and your own institution. It’s an absolute requirement to go this way.”
Banner
Finance has a proven track record of successfully supporting typical higher
education financial administrative processes within accounting standards
through a flexible data architecture that simplifies the process of turning
transactional data into financial summaries easily, quickly, and with a high
degree of accountability. “Banner Finance will benefit the users by
extending the information management capabilities of Banner from the
existing Student and Accounts receivable system into financial
administration through one integrated technology”, notes Chris Ramsay, Chief
Finance Expert for NBH Solutions.
NBH
Solutions approaches the upgrade of administrative systems with a framework
that guides actions, decisions, and recommendations. President and CEO of
NBH Solutions, Richard Middaugh adds, “There is no magic in software.
Benefits are a direct result of effective preparation, implementation, and
appropriate use.”
Dockery is already witnessing the benefits and credits the expertise of NBH
Solutions for keeping the project on track. “I think its going really well
and I think bringing us up to the 21st century in accounting,
finance, and reporting is well over due. This upgrade also puts us in the
clear as far as everything is concerned and makes sure that we are doing
business the way we are suppose to be doing business; meet the needs of the
state, meet internal needs and regulations this way, where we weren’t
before. Any new accounting standards that come forward, Banner will be able
to keep up.”
NBH
Solutions is right on target with all aspects of the project and is on track
to meet their targeted go-live deadline in July.
About NBH Solutions
At NBH
Solutions, we believe in higher education- being a leading provider of
technology solutions that connect strategy, vision, process, and people
essential to an efficient, effective business. NBH Solutions designs and
integrates technology , empowering colleges and universities with technology
that best fits the educational goals. NBH Solutions provides quality
service, achieving maximum results within budgetary. NBH Solutions is
located in Ormond Beach, FL with headquarters in Manchester, NH.
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