Our SaaS solution will empower institutions to increase their student population and retain those students.
Frederick, MD (Vocus) June 25, 2008 -–
Regent Education, the only provider of financial aid management Software-as-a-Service (SaaS) solutions for higher education institutions, today introduced its newest financial aid software solution, Regent Enterprise, Diamond Edition (Diamond).
Diamond was created as a true on-demand service, enabling institutions to realize a high return on investment and economics of scale. As a SaaS solution, Diamond supports multi-institutional/multi-campus processing. The power of Diamond is its ability to manage a multi-tiered entity with one instance of the product, allowing multi-campus institutions to centralize management and create standards across all campuses. In addition, institutions pay a lower up-front cost. With Diamond, as an institution grows its student base, the financial aid solution can grow with it.
"Regent was the only solution on the market that could meet our institutions' unique multi-campus requirements and fully integrate with our PeopleSoft investment," said Gary Perkins, Peralta’s CIO, who led the Diamond deployment for the Peralta campuses. "We felt very confident going with Regent given the company’s long history in the financial aid market. It's like having a direct liaison with the Department of Education."
Diamond, which supports standard term, non-standard term, and non-term processing, is built on the principle of "automation by default, user intervention by exception" to increase administrative efficiencies. This automated workflow processing can take a student through the entire financial aid process without the intervention of a single administrator. Processing exceptions requiring intervention are automatically assigned to staff for resolution, eliminating the need for time-consuming exception reports.
In order to ensure regulatory compliance, business process wizards guide the financial aid staff through all the necessary steps to finalize a task related to a student. Additionally, the wizards automatically document in the student’s activity log the actions taken by the staff.
"Regent Enterprise, Diamond Edition is the single most important decision an institution can make to improve its bottom line," said Michael Ratti, Regent’s CEO. "Our SaaS solution will empower institutions to increase their student population and retain those students."
Because Regent Enterprise is offered as a service, there is no software for IT to purchase, install, or maintain. This significantly compresses the "go-live" period, allowing users to access Diamond from any location via a secure connection within as few as 90 days. In addition, the on-demand model requires little in the way of IT staffing, hardware, and ongoing maintenance, freeing institutions to focus on their mission - serving their students.
Named Firm of the Year by the Tech Council of Maryland and a 2008 CODiE Award Finalist for Best Postsecondary Enterprise Solution, Regent Education is a leading Software-as-a-Service (SaaS) provider of financial aid management software solutions with more than 30 years of industry experience. The company’s Web-based, easy-to-use solutions interoperate with any established student information system. Regent Education provides institutions with improved efficiencies, fewer errors, and enhanced services for students, equaling a positive return on investment within the first year.
Regent Education’s management solutions are designed and built by and for members of the financial aid and enrollment management community. Regent Education enables institutions to better craft and execute their financial aid strategy. With the Student Self Service Portal, the company also offers Twenty-first century access for students seeking financial aid information anytime, anywhere, from any device, in any language. For more information, visit: http://www.regenteducation.com.
Regent Financial Aid Management and Regent Enterprise are trademarks of Regent Education, Inc. All other copyrights are the property of their respective holders.