The SIS serves as the core system of record for institutions of higher education. It supports and delivers services for a variety of routine administrative and academic activities on a daily basis. Overall, it supports a broad spectrum of back-office administrator and student-/faculty-facing functionality to manage key institutional information assets, such as student prospects, applicants and matriculates, courses offered, student course registrations, and grades and transcripts throughout the student life cycle. The current market offerings vary in size, scope, country localizations, functional capability and delivery options (SaaS/cloud, hosted or on-premises). They range from individual components to enterprise-wide integrated solutions or sometimes are part of a larger administrative ERP application suite.