The University of Ariel was founded in 1982 and is one of the most prestigious universities in Israel. It is home to over 14,000 students.
This project was about transforming almost every financial process whether manual or computerised, in order to make them failsafe.
This was achieved by embedding controls to prevent loss of resources and embezzlements.
This is one of those business transformation examples that included not only Business Process Reengineering but also augmenting employees’ awareness to the inherent risks in their works and how to tackle them.
This resulted in a thorough change in the way finance department delivered its services. The university became an institute where its procedures are documented and updated on a timely manner; all activities are controlled and validated, every exception or flaw is reported.