WHAT WE DO
Kaufman Hall has deep industry experience and thought leadership in structuring financial processes for optimal financial decision making. We have assessed current practices for resource deployment across the strategic planning, financial planning, capital planning and budgeting, operating budget, and year-end forecasting processes and recommended scope, participants, governance, data requirements, timing, and technical support for each. We take a holistic approach that clearly defines the points of integration between each financial process to establish a single decision-making framework that is both effective and efficient.
Examples of our core service offerings include:
Develop integrated strategic financial plans
Operating budget assessment and design
Identify cost drivers and key operating metrics
Business planning for projects and strategic initiatives
Scenario projections
Risk sensitivity analyses
Capital position and debt capacity analyses
Executive and trustee education on best-practice higher education financial management
FEATURED INSIGHTS ON HIGHER EDUCATION Integrated financial processes
Moving Forward on the Continuum of Financial Planning in Higher Education
With high awareness and understanding of the financial challenges their institution faces, proactive board chairs and trustees are asking senior college and university leaders—particularly finance leaders—tough questions.
White paper
Five Ideas to Guide New-Era Budgeting in Universities and Colleges
Given the continuous financial pressure facing the higher education sector, institutions are pursuing initiatives that will generate new revenues and reallocating existing resources. In...
eBook
The Trend toward GAAP-Based Budgets
CFOs and trustees in higher education express growing interest in aligning their institutional budgets with Generally Accepted Accounting Principles (GAAP) financial statements...
Article
Navigating the Financial Impact of COVID-19 on Higher Education
The COVID-19 pandemic and attending economic turmoil have the role of higher education CFO extraordinarily challenging. Institutions need to prepare for a wide range of possible outcomes. Read our tips on how.
Article
Integrated Financial Planning Will Enable the Institution to Navigate the Relationships Among Strategy, Capital Capacity, and Risk