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Press Release: Stevens Institute of Technology Upgrades Financial System in Partnership with rSmart
Cloud Delivery of Kuali Open Source Software Solution Helps Higher Education Institution Control Administrative Costs and Protect Critical Data
Scottsdale, Ariz. (April 22, 2014) – rSmart, a leader in enterprise resource planning (ERP) software for higher education, partnered with Stevens Institute of Technology to successfully upgrade and transition their Kuali Financial System (KFS) to rSmart’s customized Amazon cloud services for Kuali and upgrade their Kuali Middleware and Enterprise Workflow from a traditional embedded application to a standalone Platform as a Service (PaaS).
In 2010, Stevens selected the Kuali Financial System to replace their aging legacy financial system and opted to use rSmart’s cloud delivery to control hardware costs, such as the procurement of servers and other IT resources, and to protect critical data.
The value of this choice was almost immediately realized during Superstorm Sandy in October 2012. The town of Hoboken, New Jersey suffered some of the worst impacts of Sandy including power outages and severe flooding. Thanks to the cloud-based environment, critical information and data for the institution was safely stored thousands of miles away in Phoenix, Arizona.
“Experiencing a natural disaster, like Superstorm Sandy, reinforced the need for strategic use of the web and cloud services for communications networks and infrastructure. Our financial system is the first step in a broader effort currently underway at Stevens,” said David Dodd, Chief Information Officer at Stevens Institute of Technology.
In 2013, Stevens partnered again with rSmart to help their team move to a newer version of Kuali Financial System while changing their software and middleware delivery systems. With rSmart’s cloud services for Kuali, the university can expect a highly-reliable, low-cost, and scalable infrastructure that will also provide increased resiliency and redundancy in the event of a disaster.
Additionally, Stevens is now using a PaaS model for Kuali’s powerful middleware and business workflow system, Rice, the enterprise class suite of integrated products that allows for applications to be built in an agile fashion. With PaaS, costs are reduced or minimized with the use of infrastructure services from a single vendor rather than maintaining multiple hardware facilities.
Chris Coppola, rSmart CEO, commented “ By leveraging two emerging higher education trends, cloud services and community developed software, Stevens Institute of Technology is able to reduce administrative costs, increase business agility, and align themselves with the best practices of other leading institutions. We are honored to continue our partnership with Stevens and look forward to supporting their continued success.”
About Stevens Institute of Technology
Stevens Institute of Technology, The Innovation University®, is a premier, private research university situated in Hoboken, N.J. overlooking the Manhattan skyline. Founded in 1870, technological innovation has been the hallmark and legacy of Stevens’ education and research programs for more than 140 years. Within the university’s three schools and one college, more than 6,100 undergraduate and graduate students collaborate with more than 350 faculty members in an interdisciplinary, student-centric, entrepreneurial environment to advance the frontiers of science and leverage technology to confront global challenges.
Stevens is home to three national research centers of excellence, as well as joint research programs focused on critical industries such as healthcare, energy, finance, defense and STEM education and coastal sustainability. The university is consistently ranked among the nation’s elite for return on investment for students, career services programs and mid-career salaries of alumni. Learn more at http://www.stevens.edu.
rSmart, a leader in enterprise resource planning (ERP) software for higher education, empowers colleges and universities to embrace community-driven, open source software. We make Kuali ERP software enterprise ready with cloud delivery, enhanced functionality, professional services, and support.
Our customers significantly reduce research, financial, and student administration costs through improved processes and freedom from expensive, overly customized, and difficult to maintain legacy and proprietary software. rSmart is privately held and headquartered in Scottsdale, AZ.