If you want to reduce costs, here are a few instructional-related metrics you’ll need to make and back up your decisions.
higher ed
Top metrics to prepare for financial rightsizing
Last month, we talked about the six most important financial questions a board and president need to understand and the financial tools you need to answer them. Now it’s time to focus on the answers to those questions, the decisions they require, and the metrics you should examine to understand the drivers to financial sustainability. […]
I Talked to AICPA-CIMA About Democratizing Financial Data
Access to more data can help us make better decisions. However, just having more data may not get us where we need to be. We have to make sure everyone involved understands the data well enough to inform the decisions we make together. I call the process of getting everyone on the same page about […]
Shift the Conversation to ROI
Recently, I have realized the importance of shifting finance conversations away from cost and toward ROI, both tangible and intangible.
Use Your Institution’s Data and Lessons Learned to Tell a Story
Presidents and provosts must share data differently to communicate the financial strategy of the institution with the faculty and staff.
Data Analysis to Data Understanding: Communicating with Senior Leadership
The work I do often starts with helping institutions to solve challenges around their financial reporting. The goal is to move from questioning the accuracy of the data to using it to make decisions. To do this, the data needs to be timely, accurate, and meaningful. Many of us spend a lot of time trying […]
Additional Endowment Spend: Symptom of a Larger Issue?
Many CFOs try to solve budget deficits by taking larger draws on their endowment. This may be a short-term option, but it is not sustainable.
7 Imperatives to Be a Finance Strategist
Finance is increasingly at the heart of the strategic process. What does it take to be an effective finance strategist?