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erp in education.pptx
- 1. ERP in educational institutions PARTHIV VEKARIYA (92201424196) SMIT DATTANI (92201424204) YASH KUMAR PARMAR (92201424261)
- 2. What is ERP? ERP stands for enterprise resource planning. It refers to a suite of software that organizations use to manage day-to-day business activities, such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP suite also includes enterprise performance management, software that helps to plan, budget, predict, and report on an organization's financial results. Education ERP market size is estimated to be valued around USD 15 billion by 2024, growing at a CAGR of around 15% from 2016 to 2024.
- 3. A key ERP principle is the central collection of data for wide distribution. Instead of several standalone databases with an endless inventory of disconnected spreadsheets, ERP systems bring order to the chaos so that all users from the CEO to accounts payable clerks-create, store, and use the same data derived through common processes. With a secure and centralized data repository, everyone in the organization can be confident that data is correct, up to date, and complete.
- 4. FEATURES of ERP • Timetable management system • Financial accounting module • Admission management system • Grades and exam operation system • Hostel management module • Asset and inventory management program • Fees management system
- 5. • Improving the organization of teachers, students, lectures, etc. • Systemizing various educational processes • Simplifying student management • Reinforcing relationships with parents and stakeholders • Reducing expenses, saving energy and time • Organizing the data in the order you need and want. BENEFITS ERP CAN BRING TO EDUCATION
- 6. Today's school management significantly demands an ERP solution for managing their school-related activities which can make their work • Seamless, • Easier, • efficient and • productive. An ERP helps them in easy access to information, that too in real time, unlike the traditional work approach. Why an ERP Software Important for School Management?
- 8. MANUAL PROCESSES Many educational institutions still rely heavily on manual processes for tasks such as student registration, attendance tracking, and grade reporting. This can lead to errors, inefficiencies, and delays in decision-making. DATA MANAGEMENYT Educational institutions often struggle with managing large amounts of data related to students, faculty, and staff. This can result in data inaccuracies, security breaches, and difficulty in accessing and analyzing data for decision-making purposes. Current challenges in Education
- 9. What is the role played by an ERP in Education Institutions? • Integrate every school functions. • Facilitate the information flow within an educational institution. • Track every institutional activity Improving and organizing the portfolio of teachers, students, and staff .• Simplifying the process of student management. • Maintaining good relationships with both parents and stakeholders. •Organizing and streamlining every school communication.
- 10. 1. Centralization and management of information (gathering, storing, analyzing) 2. Simplifies the process of data gathering (offers freedom to staff, faculty etc to upload information online) 3. Improved resource management (highly efficient in tracking the inventory & resource usage) The most significant function of ERP
- 11. INCREASED EFFICIENCY ANDAUTOMATION ERP systems have the potential to automate many administrative tasks in educational institutions. This can save time and money, allowing educators to focus on teaching and learning. IMPROVED DATA MANAGEMENT ERP systems can provide a centralized platform for managing student data, academic records, and financial information. This can improve data accuracy, accessibility, and security. Future of ERP in education
- 12. Case study University of California, Los Angeles (UCLA) UCLA implemented an ERP system to streamline their administrative processes and improve data management. The system allowed for better communication between departments and increased efficiency in tasks such as student enrollment and financial aid disbursement. University of Phoenix The University of Phoenix implemented an ERP system to centralize their student data and improve their communication with students. The system allowed for real- time access to student information, making it easier for advisors to provide personalized support to each student.
- 13. • ERP systems have the potential to revolutionize the education industry by providing a comprehensive solution to the current challenges faced by educational institutions. By streamlining administrative processes and providing real-time data insights, ERP systems can improve efficiency, reduce costs, and enhance the overall learning experience for students. conclusion
- 14. Thank You