Chronicle of Higher Education: Universities Unite, Create Own Open-Source Financial Software

“Frustrated with the high cost of commercial
financial-management software, Indiana University and the
University of Hawaii are leading an effort to build a free,
open-source alternative. The project’s leaders say the effort could
save colleges millions of dollars.

“The institutions plan to devote more than $2.5-million in staff
time and resources to the project, which is called Kuali. Other
initial partners in the project are the National Association of
College and University Business Officers and the RSmart Group, a
company that hopes to sell support services to colleges that
install the free software.

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