"TechnologyOne was chosen after an exhaustive tender process, based on its functionality combined with an intuitive user interface and a
modular approach which will allow us to add or modify features as our requirements change," said the college's principal accountant Paula Taylor.
TechnologyOne's financials, budgeting and business intelligence software was selected after the previous Sun Accounting software reached the end of its life. The installation is now live after a five month implementation, migration and training period, and the college is now evaluating additional modules including asset management.
"66% of our costs are related to staff and by investing in technology, we hope to reduce some of these costs without impacting on our core teaching activities," said Ms Taylor.
"One of the key features is the real-time procure to pay workflow and budget management system, this is the first time we have had this level of fund control and our finance director is impressed with the efficiencies we are already seeing, plus budget holders have much greater visibility over their spending," she added.
Carnegie College has around 11,000 students and offers 350 courses through to degree level.