Jenzabar Launches Cloud-Based Finance Solution to Power Higher Education Business Offices and Make College More Affordable

Jenzabar, Inc., a leading technology innovator in higher education, today announced the launch of its cloud-based Jenzabar Finance solution, a financial management system designed exclusively for higher education. The new cloud version of Jenzabar Finance provides staff with more comprehensive access to financial information that can be used to make data-informed strategic decisions. It also gives students self-service options and payment flexibility that can improve user experiences and make their college journey more affordable.

As operating expenses increase and student demographics shift, higher education finance teams are pressured to do all they can to ensure long-term sustainability. As an integral component of Jenzabar One, Jenzabar’s unified cloud platform, Jenzabar Finance integrates seamlessly with other Jenzabar One systems like Jenzabar Student, Jenzabar HCM, Jenzabar Financial Aid, Jenzabar Communications, and Campus Marketplace powered by Jenzabar. In doing so, Jenzabar Finance eliminates data silos, increases reporting accuracy and efficiency, and enhances collaboration and visibility across functional areas.

Jenzabar Finance enables institutions to maximize their use of financial systems and resources and drive campus growth. Jenzabar Finance is comprised of six fully integrated modules—General Ledger, Budget, Accounts Payable, Accounts Receivable, Purchasing, and Fixed Assets—which enable staff to manage student and vendor activity, budgets, accounts, cash flows, capital assets, and other financial resources and projects from a single system.

Jenzabar Finance Empowers Staff and Students to Make Financially Intelligent Decisions

Jenzabar Finance unifies business operations on a modern cloud platform, enabling staff to automate previously manual processes and aggregate and analyze valuable data to improve real-time decision-making. By powering the business office with a consolidated view of all functional areas across campus, Jenzabar Finance allows teams to be more transparent and collaborative, ultimately giving staff more time to interface with and support students.

The solution also provides students with more freedom in how they pay for college. Jenzabar Finance accommodates flexible payment plans, including recurring payments, which can make higher education more affordable. Colleges and universities can also auto-enroll students into certain payment plans if learners meet predefined criteria set by the institution. Additionally, parents can use their own parent portals to make payments online.

“We are very excited to offer Jenzabar Finance as a cloud-based solution that can help institutions stay viable and give students the option to pay for college in ways that work for them,” said Sam Burgio, Chief Operating Officer at Jenzabar. “We remain committed to providing technology to drive institutional and student success, and we believe our cloud-based financial management solution will provide institutions and students with the tools and insight they need to make smart financial decisions.”

Resources

• To learn more about Jenzabar Finance, visit https://jenzabar.com/product/finance