Huron Consulting Group (NASDAQ: HURN), a leading provider of business
consulting services, today announced that two research institutions – Brandeis
University and the California Institute of Technology (Caltech) –
are implementing its web-based efacs®
(electronic facilities and administrative cost system) solution. Both
institutions will use Huron’s efacs solution and expertise to calculate
those facilities and administrative (F&A) cost rates associated with the
research effort.
“Huron’s efacs provides us with an intuitive, easy-to-use solution to
address the complex cost accounting involved in the calculation of the
F&A rate,” said Ginger Baker, senior director, Cost Studies and Property
Services, California Institute of Technology.
“The prospect of streamlined F&A processes for system users and
optimized cost reimbursement from external sponsors was what primarily
attracted us to the Huron solution,” said Chris O’Brien, vice president
of financial affairs and university treasurer, Brandeis University.
Both Brandeis and Caltech have chosen to have Huron host the solution in
a private cloud rather than maintaining it in-house. Huron’s efacs
clients have the option to choose either approach and can switch from
one to the other as their requirements change.
“Having the ability to host the solution at a secure, high performance
site was an added benefit, minimizing the impact on our busy IT
resources,” said Caltech’s Baker.
Since its launch in 2011, Huron’s efacs
solution has been helping institutions optimize reimbursements from
external sponsors to support the research enterprise. The solution takes
into account the specific needs of universities and academic medical
centers (AMCs) that require a sophisticated tool to measure, track, and
ultimately improve the recovery of their F&A costs. Institutions can
install the solution on site or in the cloud. Working with an
institution’s existing system, Huron’s efacs solution does not require
expensive maintenance or complex setup.
“We are pleased to see the rapid market adoption of our efacs solution.
More than 30 institutions have used Huron’s efacs software to streamline
the calculation of F&A cost rates,” said Jim
Carter, managing director, Huron
Education. “Our clients recognize that efacs makes negotiating
favorable rates easier.”
About Brandeis University
Characterized by academic excellence since its founding in 1948,
Brandeis is one of the youngest private research universities, as well
as the only nonsectarian Jewish-sponsored college or university in the
country. Named for the late Justice Louis Dembitz Brandeis of the U.S.
Supreme Court, Brandeis University combines the faculty and resources of
a world-class research institution with the intimacy and personal
attention of a small liberal arts college and is ranked in the top tier
of the nation’s universities. For students, that means unsurpassed
access — both in and out of the classroom — to a faculty renowned for
groundbreaking research, scholarship and artistic output. At Brandeis,
professors bring newly minted knowledge straight from the field or lab
to the graduate and undergraduate classrooms. Brandeis supports an
innovative and exciting program of learning that emphasizes an
interdisciplinary approach to knowledge and the solution of real-life
problems.
About California Institute of Technology
The California Institute of Technology (Caltech) is a world-renowned
science and engineering research and education institution, recognized
for its outstanding faculty and highly select student body of 900
undergraduates and 1,200 graduate students. Since 1923, Caltech faculty
and alumni have garnered 33 Nobel Prizes and seven Crafoord Prizes. In
addition to its prestigious on-campus research programs, Caltech
operates the Jet Propulsion Laboratory (JPL), the W. M. Keck Observatory
in Mauna Kea, the Palomar Observatory, and the Laser Interferometer
Gravitational-Wave Observatory (LIGO). Caltech is a private university
in Pasadena, California. For more information, visit http://www.caltech.edu.
About Huron Research Software Solutions
Huron’s
research software solutions include a comprehensive portfolio of
applications designed to make the management of sponsored research
easier and more compliant with governing regulations. With particular
focus on improving the business processes that support growing research
enterprises, our solutions consist of ecrt®
effort reporting software; efacs®
software for facilities and administrative (F&A) cost rate management;
and Click®
Portal solutions for grants management, conflict of interest, human
and animal research oversight, clinical trials, and other research
areas. Huron
Education’s professionals have worked with more than 90 of the top
100 research universities in the U.S. Learn more at www.huronconsultinggroup.com/ResearchSoftware
or follow us on Twitter: @Huron.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve
performance, reduce costs, leverage technology, process and review large
amounts of complex data, address regulatory changes, recover from
distress and stimulate growth. Our professionals employ their expertise
in administration, management, finance, operations, strategy and
technology to provide our clients with specialized analyses and
customized advice and solutions that are tailored to address each
client's particular challenges and opportunities to deliver sustainable
and measurable results. The Company provides consulting services to a
wide variety of both financially sound and distressed organizations,
including healthcare organizations, leading academic institutions,
Fortune 500 companies, governmental entities and law firms. Huron has
worked with more than 90 of the top 100 research universities, more than
400 corporate general counsel, and more than 385 hospitals and academic
medical centers. Learn more at www.huronconsultinggroup.com.
Copyright Business Wire 2014