A major Canadian University wanted to automate the process of reporting endowment fund expenditures to faculties. The proceeds of endowment funds are used to support academic scholarships, bursaries, and research projects, and are a major component of large academic institutions and their fundraising efforts. Efficient reporting of these funds, their income, expenditures, and unspent balances allows faculties to support the students, scholars, and projects as intended by the donors, while remaining fiscally responsible and avoiding overspending. The existing highly manual and time-consuming process meant that the fund expenditures and balances were often out of date and funds with infrequent activity could easily be forgotten. Unspent funds were an unfortunate but … Read more