We are committed to protecting the investment that our members have made in our services by providing continuity. That said, we believe we can quickly deliver more value to admissions offices and other receivers by integrating our two technology platforms. Our goal is to ultimately support all members with a single, modern platform that honors the distinct strengths we know exist in each today. We commit to providing more information no later than AACRAO’s 2020 annual meeting in April.
The new organization will continue to be a people-oriented company that is mission driven, with a focus on innovating credential exchange, while maintaining the highest level of customer service. The joint company will bring together 220 people that have been working every day to achieve each company’s mission in partnership with our members. While there may be shifts in the specific individual you work with, continuity, when possible, will be our priority. We will notify your institution promptly if there are any changes to your institution’s main contact.
What does this announcement mean, if anything, for Parchment K12 members, GED, and State Agencies?
Parchment’s work with K12 members is the foundation for all learner pathways. The K12 platform will remain the same, with regular enhancements, as the network experiences today. The benefit of the merger for this audience is the combined network. It will result in a more consistent experience for high school learners as they later engage with their college records through a learner-centric credential profile. When they request and manage their high school transcript with Parchment, they will be well-positioned to continue to collect and manage their credentials in college and beyond using the same platform. Their important academic records will be centrally collected, stacked, and verified, resulting in a more comprehensive story of their lifelong learning experiences.
What innovation trends will the new organization focus on?
Our long-term goal is a single, modern platform. The timing and detail of how we get there will be defined in the coming months. Once realized, the benefits to our community will include a roadmap with a focus on these five market trends:
- Enrollment Pathways: The high school transcript is becoming an ever more central source of information for admissions and post-matriculation advising, while credit transfer is also increasingly important for postsecondary students as they move between schools on their path to a degree.
- Credential Innovation: Secondary and postsecondary issuers are reimagining the scope, form, and function of their academic credentials to help translate their learners’ education – inside and outside the classroom – into successful employment pathways.
- Lifelong Learning: Traditional barriers between secondary, postsecondary, and professional education are blurring as learners expect greater control and stewardship of their knowledge profile. We are excited to develop technology that further advances stackable, secure, and verifiable credential management.
- Open Standards: Postsecondary Electronics Standards Council (PESC) and IMS Global are enabling sustainable innovations in digital credentialing based on the principle of interoperability. Data standards are at the core of what we do at Credentials and Parchment as we evolve our platforms.
- Blockchain Technology: An open, learner-controlled credentialing ecosystem that enables the exchange of verifiable credentials without aggregating large amounts of student data in a single clearinghouse. This puts learners in control of turning their credentials into opportunities.
Will I be able to receive transcripts from both services through one account?
This is the first milestone we will start working toward on day one. Our entire network benefits from being able to centralize the collection of credentials, resulting in major efficiencies and fast admissions decisions for learners. As we innovate and expand our service offering, we will actively keep the community up to speed with available functionality.
When will I be able to receive transcripts in machine-readable data formats and what formats will be supported?
Machine-readable transcript data will quickly follow the push for an integrated Receive experience. Why? Because data unlocks many other important areas of credential management. After you accomplish the first step of bringing credentials securely online, you’re able to address how transcript data enables innovation in the form and function of traditional credentials. Data unlocks both the format one is able to produce, as well as the way that information is consumed and leveraged along student pathways.
Credentials and Parchment both have long track records of delivering transcript data in the PESC XML and SPEEDE EDI transcript standards. Both companies have been engaged in PESC’s EdExchange initiative. And Parchment has been an active participant in IMS Global’s credentials-related standards efforts.
Who should I contact if I have additional questions, concerns, or feedback?
The voice of our community is crucial to our continued success and partnership, so we want to hear from you. We encourage you to use the form below to submit your questions, so we can accurately route them and get you an answer as quickly as possible.