Bates Technical College Replaces Cumbersome Spreadsheets With Alight Planning
| PR Web |
Bates is located in
“I had my capital planning model up and running in Alight within weeks,” said
Bates needed a flexible planning solution that could look out six years, track both actuals and budget data, and enable multiple scenarios to reside in a single, integrated planning environment. Prior to Alight, Bates used the state’s processing paperwork, which was adequate for tracking the budget, but not for management. Alight is a management solution that enables Bates to quickly forecast multiple scenarios and make more informed decisions around capital planning.
“We wanted to run what-if analyses that would enable us to refine projections over the next 3-6 months as well as the next 4 years,” added Mattes. “Tagging line items to capital projects with Alight’s dimension functionality makes it easy for us to instantly filter the model and quickly view a single project across campuses. In addition to using Alight for capital planning, we recently completed a model for utilities-budget planning and management. We are now in the process of expanding Alight for budgeting processes such as maintenance and operations, custodial budgets, facilities administration, and parking.”
Since Alight is easy to deploy, Bates benefited from a rapid implementation that added value right from the start. In addition to saving time and reducing the errors inherent in traditional spreadsheet-based planning, Alight’s Unit/Rate/Amount structure and modeling interfaces enable Agile Planning™ characterized by the ability to perform on-the-fly scenario analysis.
“We are pleased to see another successful migration off spreadsheets for planning in Higher Education,” says
In addition to
To learn more about Alight for Higher Education, click here.
About
For more than 70 years, Bates has provided the community with industry-relevant technical education. Today, Bates offers 53 programs in a wide range of career disciplines, and serves approximately 3,000 career training students and 10,000 more community members in programs such as Continuing Education, Home & Family Life, High School,
About Alight
Alight Planning is a true driver-based financial planning and reporting software package that automates complex business modeling for more accurate strategic plans, revenue projections, budgets and rolling forecasts. Its unique architectures and easy-to-use interfaces provide finance staff the power they need to build sophisticated driver-based planning models, while delivering traditional budgeting and planning structures such as line item detail, integrated financial statements and multiple-user security. Cost-effective and IT-independent, Alight Planning is affordable and easily deployed by Fortune 500 business units, as well as mid-market companies with limited IT resources. Alight has over 250 customers including
###
Read the full story at http://www.prweb.com/releases/2011/12/prweb9060370.htm
| Copyright: | (c) 2011 PRWEB.COM Newswire |
| Wordcount: | 683 |



Advisor News
- 2025 Top 5 Advisor Stories: From the ‘Age Wave’ to Gen Z angst
- Flexibility is the future of employee financial wellness benefits
- Bill aims to boost access to work retirement plans for millions of Americans
- A new era of advisor support for caregiving
- Millennial Dilemma: Home ownership or retirement security?
More Advisor NewsAnnuity News
- Great-West Life & Annuity Insurance Company Trademark Application for “EMPOWER BENEFIT CONSULTING SERVICES” Filed: Great-West Life & Annuity Insurance Company
- 2025 Top 5 Annuity Stories: Lawsuits, layoffs and Brighthouse sale rumors
- An Application for the Trademark “DYNAMIC RETIREMENT MANAGER” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Product understanding will drive the future of insurance
- Prudential launches FlexGuard 2.0 RILA
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Baby On Board
- 2025 Top 5 Life Insurance Stories: IUL takes center stage as lawsuits pile up
- Private placement securities continue to be attractive to insurers
- Inszone Insurance Services Expands Benefits Department in Michigan with Acquisition of Voyage Benefits, LLC
- Affordability pressures are reshaping pricing, products and strategy for 2026
More Life Insurance News