Today’s CFOs must be able to connect the dots in comprehending how all university functions relate. Understanding and supporting the intersection of finance functions and institutional goals and direction are critical. Effective communication from CFOs and their teams creates confidence among stakeholders that the team is working to align objectives.
Learn how Thomas S. McGurty, vice president for finance and treasurer at Tufts University, works as part of an executive budget committee toward clarity and direction on how the university’s financial goals should intersect its educational business objectives.
“We’re about to take steps to eliminate shadow systems in several areas, which have been a legacy problem for Tufts.”
Thomas McGurty, Vice President for Finance and Treasurer
- Enterprise performance management
- Labor planning
- Budgeting and forecasting
- Grants planning
- Long-range planning
This case study was originally published in an article entitled “Financial Fix,” which appeared in the June 2018 issue of Business Officer, the monthly flagship magazine of the National Association of College and University Business Officers in Washington, D.C.