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IU saves nearly $20 million with open source financial system: IU News Room: Indiana Un... - 0 views

newsinfo.iu.edu/...24137.html

Kuali Indiana University savings organization enterprise financial systems

shared by Kevin Makice on 18 Apr 13 - No Cached

Kevin Makice on 18 Apr 13

Indiana University has saved nearly $20 million by joining with other universities to reduce administrative costs for essential financial software systems. The Kuali Financial System is open source software that was created to fit the needs of colleges and universities. By definition, open source software is free to use, distribute and modify, meaning IU avoids the costs of licensing expensive commercial systems that often cost tens of millions of dollars to buy and install. IU fully implemented and transitioned to the Kuali System in February.

<div class="cArrow"> </div><div class="cContentInner">Indiana University has saved nearly $20 million by joining with other universities to reduce administrative costs for essential financial software systems. The Kuali Financial System is open source software that was created to fit the needs of colleges and universities. By definition, open source software is free to use, distribute and modify, meaning IU avoids the costs of licensing expensive commercial systems that often cost tens of millions of dollars to buy and install. IU fully implemented and transitioned to the Kuali System in February.</div>

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