Vocado

Vocado is a student financial planning software designed by Oracle to streamline and automate the financial aid lifecycle in higher education institutions. According to the vendor, this solution is aimed at higher education institutions of all sizes, including colleges and universities. It is used by various professionals and departments within these institutions, such as financial aid offices, student services departments, admissions offices, and academic advising departments.

Key Features

Lifelong learning on a single platform: The Curriculum Registry offered by Vocado facilitates flexible course lengths, grade and credit types, and credentials. It also supports term and nonterm financial aid packaging for both traditional and nontraditional programs. According to the vendor, the software provides a modern payments ecosystem that enables pay to enroll, matriculated tuition, and corporate invoicing. Additionally, proxy access ensures FERPA compliance while allowing new stakeholders to complete key transactions.

Touchless processes and smart alerts: Vocado's Course Planner empowers students with multiyear scenario planning, increasing their chances of graduating on time. The vendor claims that intelligent automation generates proactive alerts to guide students in making the right academic choices. Integrated dashboards bring together course planning, academic performance, and financial aid information to improve retention. Real-time insights enable effective interventions and cost-effective advising, according to the vendor.

Automation of 90% of the financial aid lifecycle: According to the vendor, Vocado delivers a transparent and efficient student-centric experience from application through disbursement, automating 90% of the financial aid lifecycle. The system intelligently solicits human feedback when necessary and seamlessly integrates it into the automated process. Context and inputs are presented clearly on a single screen, ensuring a smooth and streamlined experience.

Core frameworks future-proof your investment: Vocado's core frameworks represent an architectural revolution, providing sustainable capacity for innovation. The vendor claims that with 60% of features delivered through these frameworks, it reduces the inflexibility of hard-coded functionality. Business users can easily set and maintain rules, reducing the time between innovation and execution. According to the vendor, this allows for crucial process differentiation without expensive customizations or bolt-ons.

Dynamic Entities empower structural change: As per the vendor, Vocado's Dynamic Entities feature enables institutions to restructure without the need for a complete system re-implementation. It empowers dynamic collaboration across institutions, allowing students to navigate multiple schools throughout their lifetime. The vendor also states that this feature supports systems, consortia, multi-institution degrees, and short-term exchange structures.