Given the number and magnitude of external pressures in higher education, the need for robust long-range financial planning is more critical than ever. In addition, Boards are increasingly asking for improved visibility into the longer-term financial trajectory of their institutions.
When properly developed and implemented, the strategic financial plan serves as a blueprint for future growth. Applying quantitative reasoning, it brings key issues into focus by mapping out available financial resources and matching those resources with strategic capital requirements. It also will highlight any shortfalls, allowing an institution to make proactive adjustments.
Read this eBook to discover the four best practices in financial planning, and information on:
- Why a University or College should use an integrated strategic financial planning process
- How an integrated strategic financial and capital plan can help higher education institutions
- How the integration of strategy with finance discipline creates the required decision-making framework