SMARTER SCHOOL SPENDING SOLUTION

ALIGN RESOURCES WITH INSTRUCTIONAL PRIORITIES

Educational institutions should establish mechanisms to ensure that funding and tuition revenues are used to maximize student learning. The Smarter School Spending initiative is a new way of aligning resources with student achievement goals. It helps determine instructional priorities, identify revenue maximization opportunities, evaluate and prioritize cost savings options.

MAKE BETTER DECISIONS FASTER

Our Smarter School Spending Solution replaces Excel-supported processes and rigid legacy tools that are often used in financial modeling, budgeting, forecasting, and reporting. It improves accuracy and efficiency by providing a single version of truth for your financial, operational, and resource data. Our Solution provides the following benefits:

  • Helps institutionalize and enforce best practices to guide the budget process
  • Improves collaboration between finance and instructional leaders
  • Facilitates evaluation and prioritization of expenditures based on instructional priorities
  • Includes a robust staff budgeting and cost allocation capability, including what-if analysis
  • Automates the creation of budgets and long-term forecasts based on drivers and assumptions (changes in enrollment, academic needs, salary and benefit structures, class sizes, closing or opening schools, new academic programs, etc.) to help determine the required funding and dollar impact on fiscal targets and key ratios.
  • Provides direct integration and flexible access to data from multiple data sources (ERP, financial, purchasing, student management systems, website, social media)
  • Automates what-if/what-for analysis and scenario management, and provides predictive analytics
  • Includes data mining, business analytics and visualization features to empower self-service analysis

 

KEY USERS AND BENEFITS

Our Solution enables collaboration and knowledge sharing by enforcing repeatable best practices, business rules, calculations, and automated workflows in a centralized environment. It is easy to implement, learn, use, and is an essential decision support solution that any public or private educational organization will benefit from.

SMARTER SCHOOL SPENDING SOLUTION
SMARTER SCHOOL SPENDING SOLUTION

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