VICTORIA, BC and MANCHESTER, NH--(Marketwired - Sep 24, 2013) -
- UNIT4 Agresso Research Costing and Pricing is a result of two years' innovation with two of the world's leading research institutions
- Both universities use the solution to operate more consistent, accurate and sustainable research costing practices
- Easily accommodates differences in organizational processes
UNIT4, the global leader in software that supports business change, announced that after two years of intensive development in partnership with the University of Cambridge and the University of Oxford, it is releasing UNIT4 Agresso Research Costing and Pricing. The technology is designed to help research bodies including universities, not-for-profit and non-governmental organizations, simplify all aspects of costing and pricing for research projects.
Agresso Research Costing and Pricing is a flexible full Economic Costing (fEC), pricing and approval tool that enables the production of accurate cost estimates and agreement on appropriate prices for grant applications and research contracts. Available either in the cloud or on-premise, it provides a consistent approach to research costing including data input, output and interpretation, evidenced by clear audit trails through a single, shared system. It is also a multi-lingual and multi-currency solution, enabling organizations to cost and price international projects no matter where they are located.
"Globally, research is increasingly being elevated to a more strategic activity at universities," said Paul Dampier, MIS Director at the University of Cambridge. "In addition, organizations are being strongly encouraged to charge the full market price for research. At both Oxford and Cambridge we realized technology could help simplify the process of accurately costing research projects. We approached UNIT4 to develop the solution because of its track record for success and its growing commitment to the research sector."
Both the universities worked as early adopters of the technology and are live with the system.
Agresso Research Costing and Pricing uses online review, approvals and workflow so that users are guided through the right part of the process at the right time. The built-in approval mechanisms will speed up communication between the collaborators and ensure the accuracy of the costing has been reviewed to increase chances of success.
Using salary information, non-staff costs, facilities costs, inflation assumptions, fEC research rates etc. the solution can determine the full Economic Cost of research projects. Then, applying pre-determined scheme templates which reflect different sponsor rules, Agresso Research Costing and Pricing calculates the price to be charged to the selected sponsor for project activity.
"It's very much been a partnership with UNIT4," said Dr. Glenn Swafford, Director of Research Services, at the University of Oxford. "Oxford and Cambridge worked directly with the company to create a solution that calculates a comprehensive full Economic Cost aligned to the Transparent Approach to Costing (TRAC). The solution copes well with complex collaborations, multiple funders and different currencies, and will help users to make better decisions."
Its inherent agility, both pre- and post-implementation will enable organizations to adapt the solution to any research model, even if it changes in the future, without disruption to business processes, funding or research activities. This includes allowing any combination of project members to access it, from principal investigators to research administrators.
"This research solution is the culmination of two years of hard work, a true collaboration between UNIT4 and two research heavyweights," said Darren Hunt, Head of Global Sales for Education. "The result is an easily implemented, well supported and flexible solution that will simplify the complex research costing process for institutions."
About UNIT4 Business Software
UNIT4 Business Software is the North American subsidiary of UNIT4, a $624 million global business software and services company that creates, provides and supports software for Businesses Living IN Change -- delivered via the cloud or on-premise. It offers solutions that help these fast-changing public, private, non-profit and higher education 'BLINC' organizations embrace business change -- simply, quickly and cost-effectively. UNIT4 Agresso, the company's flagship Enterprise Resource Planning (ERP) suite and UNIT4 Coda Financials, its best-of-class financial management software, are used by 6000+ organizations in more than 100 countries. For more information visit our website or follow the company on Twitter, LinkedIn and our company blog.