Navigating Higher Ed’s Uncertain Future with Scenario Modeling
Even after we return to some sense of “normalcy,” higher ed institutions must be nimble, agile, and prepared for whatever comes their way. Read more on how.
4 Higher Ed Financial Technology Trends For 2021 And Beyond
College and university officials showed incredible resilience during the shift to online instruction, while dealing with the subsequent financial impacts of COVID-19 in 2020. Yet new data from the 2021 Higher Education Financial Technology Trends report reveals that finance leaders need more dynamic tools and technology to prepare for whatever lies ahead.
Outdated Higher Education Technology Could Harm COVID-19 Recovery
Colleges and universities should consider making critical investments now to ensure they have the technology needed to enhance efficiencies. Read more.
Syntellis Report Finds Higher Education Financial Teams Weathered Impacts of COVID-19, will Continue Adopting New Strategies to Improve Agility
CHICAGO — February 9, 2021 — In 2020, higher education institutions faced monumental challenges, with campuses shutting down, academic calendars shifting dramatically and enrollment numbers declining.
Axiom Allocations for Higher Education
Axiom Allocations is critical for universities that analyze margins at a school/program level or run a responsibility centered management (RCM) budget model.
Dear Syntellis! How can finance technology help us improve efficiency?
Colleges & universities are adopting cloud-based EPMs at an increasing rate to support remote budgeting, reporting, and scenario modeling. Learn more!
Dear Syntellis! What’s the best way to manage scenario modeling?
Colleges and universities need scenario modeling now more than ever to keep pace with — and make sense of — fast-changing drivers that can flip a financial plan in a heartbeat.
Dear Syntellis! How do I get insight into financial data?
Transparency into financial data is an ongoing challenge in higher ed. Effective reporting means aggregating disparate data into a single source of truth. Read more.
ROI Analysis: Axiom Budgeting & Forecasting and Axiom Long-Range Planning for Small Institutions
How Axiom solutions increase efficiency while reducing staffing costs and operating expenses
By using Syntellis’ Axiom™ Budgeting & Forecasting and Axiom™ Long-Range Planning, a typical higher education institution with $75 million in annual revenue, $75 million in operating expenses, and compensation expenses of $50 million would see a payback in 6.6 months and generate a return on investment (ROI) of 235% over three years.