Institutions in Stage 2 enhance the operational budget by building more rigor and structure around key revenue or expense categories. For instance, a tuition-dependent college may build a driver-based enrollment and tuition model.
Most Stage 2 institutions rely on technology to support frequent forecasting and tuition, position, and grants planning processes. Enterprise performance management (EPM) systems streamline workflows with multiple users and multiple input and approval steps.
Download this checklist to learn how we can help you transition to Stage 3.