Nine out of 10 higher ed professionals involved in the financial planning and budgeting process agree that having more insightful data would result in better financial decisions, according to a 2017 Kaufman Hall survey.

In the same survey, 65 percent of respondents admitted higher ed lags behind other industries in terms of adopting modern financial planning practices and tools. The vast majority of institutions still tie up their budget and finance teams in traditional spreadsheets.

Read this article from University Business to learn how using sophisticated tech tools will up the financial planning and budgeting game within higher education institutions.