September 10, 2004

Next Up for Open Source: Financial Systems

By JEFFREY R. YOUNG

2 universities team up to create free software to help colleges manage their money

Timeline: Showing the number of companies that make software to help colleges manage their finances is shrinking

Frustrated by the high cost of commercial financial-management software, Indiana University and the University of Hawaii are leading an effort to build a free, open-source alternative. The project's leaders say the effort could save colleges millions of dollars.

The institutions

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