Normal, Illinois (PressExposure) March 22, 2009 -- Illinois State University Foundation (ISUF) has chosen Agilon's Business Financials - Powered by Agresso as its new fund accounting and financial management solution. Agilon's Business Financials is fully integrated with the Agilon ONE donor and prospect management system already in use at Illinois State University.
The new financial management solution includes General Ledger, Accounts Payable, Account Receivable, Bank Reconciliation, Investment Manager and Work Flow Automation.
ISUF had been using a legacy mainframe-based financial system. The system gave them limited reporting capabilities, and lacked features such as workflow management, alerts and automatic report distribution. ISUF selected Agilon's Agresso Business Financials [http://www.myagilon.com/agilon_llc/products/business_financials.php] as the most cost-effective solution to providing multi-organization fund accounting with process automation, on-demand reporting and web access.
"Our existing accounting system was quite old and required a number of work-arounds," says Bill Fanning, Director of Foundation Business Affairs at Illinois State University. "We wanted to streamline accounting processes, improve internal controls, and improve reporting functions and Agilon's Agresso Business Financials will help us do that," says Fanning.
Agresso Business World is highly regarded by industry analysts among ERP solutions due to its unusually tight coupling of data management (Information Warehouse), process modeling (Business Processes) and information delivery (Reporting/Analytics).
"Agresso's post implementation agility makes it ideal for evolving organizations that must respond to changing business needs and business process changes," said David Best, President and CEO of Agilon. "It puts the individual user in the driver's seat to streamline their processes, maximize efficiency and meet organizational requirements rather than tying their organization to a rigid information system that's inflexible to change and inhibits growth."
About Illinois State University Foundation
The Illinois State University Foundation is a not-for-profit corporation dedicated to supporting the mission and bright future of the University. The purpose of the Foundation is to assist in developing and increasing education opportunities and the facilities of Illinois State University and to receive, hold, invest, and administer gifts with the primary objective of supporting the distinctive excellence of Illinois State University in teaching, learning, scholarship, creativity and service to others.
The Foundation administers over 450 named endowments. These endowed funds support scholarships, research, and other activities of the University.
Agilon's ONE> fundraising and fund accounting solutions provide clients with a database system that successfully manages donors, prospects, memberships, contributions and financials, and scholarships and events for a wide range of non-profit organizations. The fundraising system is entirely web-based and includes an integrated on-line community and an e-mail communication system that enrich an organization's relationships with their donors and prospects. Agilon is dedicated to providing products and services that empower non-profit organizations to develop life-long relationships and effective communications with their constituents. For more information, visit www.MyAgilon.com.
Agresso offers a fully-integrated suite of ERP applications for services-centric organizations. Agresso's uniquely integrated data/process/delivery architecture allows post-implementation changes without the typical external IT costs and intervention that have cost companies billions. This architecture is uniquely suited to Businesses Living IN Change, those we call BLINC. Over 2,600 companies and public sector organizations in over 100 countries deploy Agresso Business World for both operational support and strategic management. For more information, visit www.agresso.com.