Return on Investment
OSUIT invested approximately $50,000 in the initial product and updates as of fall 2020. The cumulative gain between cost savings and increased revenue totaled $8.96 million over the three-year investment period. OSUIT leadership believes the results were well worth the cost and effort that went into the project.
On the strength of the financial performance, OSUIT leadership announced staff raises for the first time in several years. That was a welcome development and raised morale on campus significantly.
Successful use of FORVIS' tools and related consulting also helped them win recognition for innovation of the year at the 2019 Southern Association of College and University Business Officers (SACUBO) Annual Meeting, where their results were presented in a conference breakout session.
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