Modern Research is a comprehensive financial management platform designed specifically for research institutions. By integrating seamlessly with existing systems, it eliminates the need for disconnected spreadsheets, providing a unified and real-time financial overview for the entire research team.
Key Features and Functionality:
- Automated Forecasting: Maintains up-to-date financial forecasts by connecting to ERP, HR, and eRA systems, reducing manual data entry and minimizing errors.
- Unified Effort Modeling: Offers a consistent effort model across all projects, streamlining planning and resource allocation.
- Real-Time Financial Insights: Provides live financial views from both sponsor and ledger perspectives, ensuring transparency and accuracy.
- Efficient Month-End Processes: Facilitates faster month-end closings with built-in audit trails and digital sign-offs, replacing traditional spreadsheets.
Primary Value and Solutions:
Modern Research addresses the common challenges faced by research institutions in financial management. By automating data synchronization and providing a shared, live financial picture, it reduces the administrative burden on research teams. This allows administrators to focus on strategic tasks rather than manual data reconciliation, enhances accuracy in financial reporting, and ensures compliance with sponsor requirements. Ultimately, it empowers research institutions to manage their finances more effectively, leading to better resource allocation and successful project outcomes.
