In my previous blog feature, I addressed how higher education institutions can develop clear strategies for enrollment management. Once an enrollment method is determined, the next step is to determine how to maximize room and board revenue, as well as financial aid.
Carlson Thought Leadership in Finance & Technology
Higher education institutions are creating strategies that provide exceptional experiences for students while reducing their ever-increasing operational costs. To increase student enrollment, many colleges have evolved from learning facilities into all-inclusive resorts. Long gone are the days where you would enter a dining facility to wait in a buffet line for a lukewarm burger and overdone pasta. Colleges and their dining services are now employing top chefs to serve gourmet dishes.
At Carlson Management Consulting, we have implemented the Adaptive Insights Suite for many higher education institutions, both non-profit and for-profit. Finance teams in higher education deal with several unique challenges for budgeting, forecasting, and planning. Revenue and expense lines including enrollment, financial aid, endowments and grants add complexity to financial planning and analysis. Non-profit institutions track unrestricted, temporary and permanent funds that require alternate reporting to provide multiple views of their financial[...]