skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Global Search Configuration

Ovum view

Summary

Oracle's acquisition of Vocado, a leading financial aid solution that automates workflows and optimizes funding for students, not only accelerates the delivery of its Student Cloud solution but demonstrates its growing commitment to improving student success and operational business efficiency.

Vocado improves the financial aid management process

The ability – or lack thereof – to pay for college is one of the most fundamental contributors to student success. The 2017 COUNTRY Financial Security Index found that 48% of US high school graduates who did not pursue higher education cited the high cost of college as a contributing factor; similarly, of those who began but did not complete a degree, 53% attributed the taking on of debt as a hindrance to their progress. Students are more likely to enroll at an institution and successfully complete their education if they have exact insight into what financial aid they will receive, and if institutions are able to utilize funding sources to provide funding for students in a timely and transparent way.

However, many universities rely on legacy software that lacks the flexibility to manage evolving educational models, complex regulations, and an increasing variety of funding sources. As a result, packaging and disbursement is manually intensive and can result in delays, or even painful errors, thus affecting student retention and student success. Vocado, a market leader in financial aid management, differentiates itself from other solutions through its ability to manage and automate complex processes and thousands of different financial aid sources to maximize funding for students. Doing so has enabled its customers to increase their operational efficiency, maintain regulatory compliance, and increase the accuracy and speed of their financial aid programs.

Vocado will be rebranded as Oracle Student Financial Planning and be available both as part of the Student Cloud suite and as a standalone solution for other third-party student information systems (SISs). The acquisition of Vocado is not just another solution to build out Oracle's higher ed technology suite, but a sign that Oracle has an understanding of and investment in improving the overall business – and, more importantly, the experience – of higher education.

Appendix

Further reading

Enterprise Case Study: Increasing Operational Efficiencies and Student Engagement, ENV006-000007 (December 2017)

"Oracle increases educational accessibility and enhances student success," ENV006-000002 (October 2017)

Author

Joyce Kim, Analyst, Education Technology

joyce.kim@ovum.com

Recommended Articles

  • Service Provider Markets, Consumer & Entertainment Services,...

    MWC 2018 Highlights

    By Ronan De Renesse 27 Feb 2018

    Over 20 of our senior Ovum analysts and consultants attended this year’s Mobile World Congress in Barcelona at the end of February. In between meetings, briefings and presentations, our analyst team were blogging and tweeting about key developments, trends and rumors. Have a look through our daily MWC 2018 Highlights to find out what happened.

    Topics 5G AI IoT Cloud Payments SDN/NFV Smart home

  • Internet of Things

    IoT Viewpoints 2018

    IoT Viewpoints explore the IoT opportunity in 2018 and beyond. Download our latest e-book to get our newest collection of thought leadership articles on the emerging IoT trends, technologies and opportunities.

    Topics IoT

  • Consumer & Entertainment Services

    US pay TV: Is it facing an existential threat?

    By Adam Thomas 28 Mar 2018

    With US pay TV having endured the worst year in its history, thoughts have inevitably turned to the future. The likelihood remains that the immediate future will remain highly uncomfortable for everyone except the scaled multinational digital platforms.

;

Have any questions? Speak to a Specialist

Europe, Middle East & Africa team - +44 (0) 207 017 7700


Asia-Pacific team - +61 (0)3 960 16700

US team - +1 646 957 8878

Email us at ClientServices@ovum.com

You can also contact your named/allocated Client Services Executive using their direct dial.
PR enquiries - Call us at +44 788 597 5160 or email us at pr@ovum.com

Contact marketing - 
marketingdepartment@ovum.com

Already an Ovum client? Login to the Knowledge Center now