Design the Right Budget Approach for Your Institution’s Needs
What We Do
We’re experts in robust budget model design for higher education, ensuring your budget process aligns with your strategic goals.
The business environment for colleges and universities demands a more forward-looking integrated budgeting model. This model should include planning for labor, grants, capital, and year-end forecasting in a single, coordinated framework.
Examples of our work include the following:
Assessing existing processes for strategic and financial planning, capital planning, grants planning, and more
Designing processes that strengthen financial decision making
Developing highly integrated planning processes
Leveraging new technologies for success
How we Help
Align Strategic and Financial Decision-Making Processes
Through our financial process design, we give you the tools to integrate strategic, capital, and financial planning and set the stage for quantifying future financial risk. Establish a single “source of truth” that lays out your institution’s current financial position and its future financial runway. You can ensure all investments are driven by impact analysis and cost-benefit considerations and communicate decisions out.
Featured Higher education insights
Today the “investment safety net” is gone and the impact of bad capital decisions has both immediate and long-term implications.
This compilation case study outlines specific actions University of Kentucky, Tufts University, Quinnipiac University, University of Vermont, University of New England, and Stanford University are taking to overcome new challenges caused by the changing business environment in higher education.
Talk with one of our experts to discuss the right path forward for your organization