• Enrollment Management and Student Services
• Technology Management
• Continuing Education
• Financial Management
  • Provide Powerful, State-of-the-Art Financial Reporting
  • Implement Paperless, Decentralized Procurement
  • Decentralize Budgeting and Planning
  • Achieve Regulatory Compliance
  • Provide Customer Self-Service
• Institutional Advancement
• Human Resources Management
• Institutional Effectiveness

Achieve Regulatory Compliance

All institutions face the constant challenges of adjusting to the new financial reporting regulations. Just keeping up with the changes takes valuable time and energy from your institution’s business service professionals.

Datatel closely monitors changes in state and federal regulations, making recommendations and providing solutions that facilitate compliance with these mandatory requirements.

With Colleague Finance, your institution will:

• Ensure GASB compliance
  Datatel Colleague Finance ensures that your institution will meet the Governmental Accounting Standards Board (GASB) requirements. The solution includes tools to facilitate GASB 34 & 35 compliant financial reporting, and an asset management system that supports the processes of capitalization, depreciation, and disposition of assets.
• Ensure FASB compliance
  Colleague Finance ensures that your institution will meet the Financial Accounting Standards Board (FASB) requirements. The solution includes tools that facilitate FASB 116 & 117- compliant financial reporting, and an asset management system that supports the processes of capitalization, depreciation, and disposition of assets.
• Produce year-end tax forms
  Colleague Finance also takes advantage of your legacy data, through integrated processing, to streamline year-end tax form production.

To complete your solution, Datatel’s Professional Services Team is available to discuss all regulatory requirements and ensure your institution is fully compliant. As required, our Professional Services Team offers seminars, workshops, and other training opportunities addressing both the details of the requirements, and the compliance functionality included in our solution.