Cloud computing firm NetSuite has announced that Far Eastern University (FEU), with 29,000 students on campuses in Manila and Makati City, has joined the NetSuite SuiteAcademy program, an educational program designed to bring cloud-based business management solutions to university classrooms worldwide.
The FEU Institute of Accounts, Business and Finance (IABF) incorporated NetSuite cloud ERP, including accounting and auditing functionality, into the undergraduate degree curricula in the summer 2013 for third- and fourth-year students pursuing business degrees.
The program gives the FEU IABF new flexibility for anywhere and anytime learning over the Web that liberates students and faculty from the need to access on-premise software in classrooms and labs, and broadens education beyond campus boundaries to the home, while traveling, from a coffee shop and more.
“We see the cloud as the future of software. Introducing cloud-based business instruction through NetSuite SuiteAcademy canenable us to give students highly sought-after skills that today?s employers covet as more companies migrate to NetSuite cloud business management,” said Celito C. Macachor, dean of FEU IABF.
The curriculum is also expected to offer experience across core disciplines built into NetSuite’s single business management suite, including ERP, accounting, supply chain management and Ecommerce.
Over the several months prior to the planned summer 2013 SuiteAcademy launch, FEU worked with NetSuite to prepare curricula, including week-long training for instructors, with a focus on providing students with practical, hands-on experience with NetSuite’s modules, as well as a better understanding of how it supports process flows and revenue cycles throughout an entire organization.
FEU, one of the largest schools to offer business and accountancy degrees in the Philippines, reports an 80-percent success rate among students taking board exams to become a CPA (certified public accountant).
“FEU?s partnership with SuiteAcademy cannot only make FEU graduates more appealing to employers, it makes the university itself more appealing to students looking for an outstanding business and accountancy education, and the practical cloud computing experience that employers demand,” said James Dantow, NetSuite VP for worldwide support and GM for the Philippines.
NetSuite has been working with universities to introduce cloud computing into their curricula since 2009. Since officially launching SuiteAcademy in 2011, the program has grown 83 percent, with more than 100 tertiary institutions around the world now teaching NetSuite.
The NetSuite cloud business solution is predominantly introduced in the third and fourth years of degree, and MBA programs, meaning that the next generation of managers, entrepreneurs, and business professionals can come to the job market with a stronger understanding of businessq operations and a clear understanding of the power of cloud computing.