Current pressures on operating margins necessitate that higher education institutions understand the relationship between strategy, capital capacity, and risk.
Many university CFOs rely on the annual operating budgeting process to improve core planning functions. Unfortunately, institutional budgets provide limited value as a tool for assessing access to capital, strategies, competitive position, and overall financial health.
Budgets have been and remain the foundational financial process in higher education.
Whitepapers and Ebooks on Budgeting & Forecasting
Webinars on Budgeting & Forecasting
The short-term focus of operating budgets renders them an insufficient planning tool. However, many institutions still rely only on operating budgets and lack an integrated planning process that includes a long-range plan.
Today the “investment safety net” is gone and the impact of bad capital decisions has both immediate and long-term implications.
Watch this webinar to hear the discussion on reshaping performance management for financial institutions.
Finance executives in banks and credit unions today play a vitally important and significantly expanded role, helping to set strategic priorities through a disciplined planning process while navigating regulatory changes and market fluctuations.