In PayStream’s most recent research release, we focused on a very important sector in the US market: higher education. In the current turbulent economy, the arguments for and against the necessity of a secondary degree are irrelevant against the reality that many people don’t have a choice. The modern family struggles against financial instabilities that place the expense of colleges on the back-burner, and in turn, higher educational institutions are seeing dropping attendance and diminishing revenues.

Amidst the effects of shifting financial priorities, the proven value of a college degree still remains. However, finance departments at colleges are under intense pressure to change their business models and cut costs in order to stay afloat, and the last things these institutions need during this time are processes that work against organizational productivity. PayStream Advisors’ 2014 P2P for Higher Education Report helps today’s learning institutions address an economy that demands efficiency. PayStream has identified the essential value of financial automation solutions, and this report outlines how higher education professionals can utilize business process software to reduce costs and free up staff for more strategic activity.

In this report, survey research highlights the current trends in AP automation usage among higher education institutions, from their adoption rates to their commonly shared pains. The research reveals the benefits of AP solutions that are most relevant to these institutions—which pertain mainly to quicker and more efficient payments—as well as the barriers that hold colleges back from implementing AP automation software.

Besides the relevance of its research, the advantage of this report is in its specialized focus on the needs of Higher Education P2P. Included in the report are guidelines for choosing a solution and a solution provider that are most appropriate for the processes of colleges and universities. It also includes several profiles of leading developers that have adjusted their offerings to meet and optimize the needs of Higher Education institutions.

PayStream believes that the right to and pursuit of a secondary degree are important for any individual, as is the health of the institutions that provide these degrees. We encourage all our readers working in the Higher Education industry to benefit the economic stability of their organizations by exploring the realm of AP automation. Download the free P2P for Higher Education Report today.