Frederick, MD, March 12, 2007 – Regent Education, the leading provider of financial aid management software solutions for higher education institutions, today announced the launch of a fully integrated, customizable Executive Dashboard for its Regent Financial Aid Management solutions. The Executive Dashboard is the only product of its kind in the industry. It will enhance the role that financial aid administrators play in helping their entire institutions reach strategic performance goals.
The Executive Dashboard enables financial aid and other senior administrators, like the institution´s President, CFO, VP of Student Services, and VP of Enrollment, the ability to access mission critical metrics and key performance indicators and act on the information immediately. This unique monitoring, reporting, and analysis tool provides unmatched insight into real-time performance, root causes, and potential outcomes, allowing institutions to optimize day-to-day performance.
"The Executive Dashboard is a strategic tool that will change the way financial aid is being processed and delivered," said Leonard Gude, Regent´s Vice President of Financial Aid. "We are the only company dedicated solely to meeting the needs of financial aid administrators. The Executive Dashboard and the software behind it will help colleges and universities reach their enrollment and compliance goals and it will help financial aid play a much stronger role in the overall financial strategy of higher education institutions." He added, "Some 63 percent of undergraduate students in public colleges and over 83 percent of students in private colleges receive some form of financial assistance. This has increased greatly the importance and impact of financial aid administrators within the institution. They now have a powerful tool available to help do their job better and get more credit for helping their institution meet its goals."
The Executive Dashboard provides financial aid administrators with instant analysis of information, real-time early warnings, and comparisons to previous years that include:
- Students´ aid awarded vs. applications received
- Financial verifications processed vs. students selected (e.g., information from tax returns)
- The number of documents received during any given period
- The number of communications sent to students
- Calls received and visits by students and families to the financial aid office (a key tool in measuring workload)
- Funds management. A comparison of the amount of aid offered and disbursed vs. actual budget.
Regent offers the market´s best-of-breed financial aid software solution that is 100% Web-based, developed on open standards architecture and designed to interoperate seamlessly with any ERP system. Regent´s strategic solutions are enabling in-depth management of institutions´ financial aid portfolio, maximizing existing investment and business processes, thus ensuring accurate, timely processing and distribution of financial aid funds in compliance with federal regulations.
With nearly 30 years of Higher Education knowledge and experience, Regent is a leading provider of financial aid management software solutions for higher education institutions. Its highly functional, affordable, off-the-shelf solutions are designed to interoperate with and enhance existing ERP systems, while enabling institutions to realize a positive, quantifiable ROI in the same fiscal period they are deployed. Regent automates key processes such as packaging, awarding, tracking and disbursements. Built with financial aid offices in mind, Regent enables users to gain access to actionable information, anytime and anywhere.