Anaplan Implementation
What is Anaplan?
Anaplan is a cloud based enterprise SaaS platform serving as the University's source system for financial planning and analysis (FP&A) , budget models, all-funds budgeting, allocation modeling and forecasting. The platform streamlines and enhances institutional planning and financial decision-making by improving efficiency, standardizing business processes and providing greater visibility into financial information. These capabilities support more strategic resource allocation, increased financial transparency and strong financial stability and performance aligned with the University’s vision.
Why do we need a Financial Planning and Analysis system?
Current university budgets are stored and maintained across multiple platforms and tables, leading to inefficiencies, lack of transparency, and significant time and effort to manage and maintain the data and integrations. Fiscal year operating and capital budgets are built via spreadsheets, shared via email, and uploaded to multiple systems .
In alignment with Excellence by Design’s goal to improve efficiencies across campus through continually updating technology and improving business processes, the University is implementing an integrated financial planning and analysis system to effectively manage the new Hybrid Performance Based Resource Allocation model and best practice budgeting processes. The implementation of this financial planning and analysis system will provide the ability to more effectively align resources with university objectives, improve financial transparency, and advance efficiencies in managing budget processes across the University.
Benefits of a financial planning and analysis system include:
- Scenario modeling
- Enrollment and tuition planning
- Position and workforce planning
- Capital Planning
Timeline
September
Development Continues
The Budget and Financial Planning Team continues work toward establishing foundational elements in Anaplan.
October
FY2028 Financial Assumptions
Enrollment Management provide enrollment projections, financial aid and waiver projections.
Assumptions for items such as tuition, fees, state appropriation, and room and board rates for the upcoming fiscal year will be determined and will feed into the budget model.
Anaplan Training
The Budget Office will prepare fiscal managers for quarterly projections reporting in Anaplan starting with the 1st quarter of fiscal year 2027.
Quarterly Projection Reporting begins in Anaplan
November - January
FY2028 Budget Allocations
College and Non-College general revenue allocation will be provided by the University Budget Office.
The Provost Office will determine college investments.
February - March
Anaplan Training
The Budget office will prepare fiscal managers for the FY2028 budget allocation and budget build process within Anaplan.
April - May
Build FY2028 Line-Item Budgets
All units will build FY2028 line-item budgets in Anaplan. These budgets will be submitted and approved up through the VP level.
June - July
Budgets Uploaded
Approved FY2028 budgets will be uploaded to Colleague.
Project Updates
Stay informed on the Anaplan project.