Tambellini Group Spotlight
Tambellini’s 2022 Finance and HCM Market Trends and Leaders report provides surprising in-depth insights covering higher education’s current technology strategies and future plans, culled from data on 4,300 institutions
Irvington, Virginia – March 28, 2022 – Delayed pre-pandemic projects and strong market pressures to replace sluggish legacy technology systems prompted the biggest surge thus far in higher education’s investments in modern cloud infrastructure, according to an annual technology trends report released today by Tambellini Group.
The 2022 Financial and Human Capital Management Systems US Higher Education Market Share, Trends, and Leaders report shows that the rate of increase in both finance and human capital management (HCM) system selections during 2021 rose substantially over the previous year, continuing a strong upward trend:
“Many institutions finally had the bandwidth to resume long-term technology projects that had been paused since 2020 due to pandemic-related factors, and others that struggled with the limitations of outdated and inflexible technology were motivated to move forward and modernize,” said Vicki Tambellini, CEO and Founder of Tambellini Group.
“We expect that the valuable benefits cloud-based systems offer in enabling remote work and learning, enhancing cybersecurity, and streamlining operations will continue to drive growth in the higher education market for years to come, despite considerable costs and downward budget pressures on institutions.”
2022 Notable Trends & Findings:
When purchasing and implementing a new cloud-based administrative system, institutions are making a high-impact, expensive investment signaling a long-term commitment to fundamentally changing their operations. Large research universities (R1 & 20k FTEs) can spend anywhere from $30–100 million on these projects, and even a small institution can spend more than $5 million in the first five years of implementation.
The report is based on Tambellini Group’s unbiased research, extensive interviews, and proprietary data from more than 4,300 US higher education institutions and covers all vendors serving at least 1 percent of the marketing.
Three administrative systems form the backbone of an institution’s technology structure: finance, HCM, and student systems. Tambellini’s 2022 Student Systems US Higher Education Market Share, Trends, and Leaders will be released on May 17th.
The Tambellini Group is the leading independent technology research, analyst, and advisory firm dedicated exclusively to higher education. Tambellini Group members benefit from more than 100 unbiased research reports every year that provide insight and analysis on the changing higher ed technology landscape. With over 20,100 global institutions and more than 84,000 technology selections, the Tambellini Group’s proprietary Education Institution Technology Profile Database® is unparalleled in the industry. Founded in 2001, Tambellini Group is a woman-owned business and a certified Great Places to Work® company for 2021–2022.
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