Treasury operations are in a relatively early evolutionary stage at many North American universities, despite the fact that these institutions face just the same liquidity and financial risk management challenges as confront similarly-sized corporates. They rarely use specialist technology such as treasury workstations to support their critical treasury operations, but Embry-Riddle is an exception to the general rule.
- Forecasting is so important to universities because it provides the ability to track variances between actuals and forecast
- The lack of presence treasury workstations have in the education industry
- GTreasury's forecasting functionality calculates forecasted items on account, transaction type and date range
“The ability to view transactions at such a granular level is so beneficial, and really helps when forecasting our data.”
Jorge Caraballo, Treasury Analyst, Embry-Riddle University