Students, parents, and higher education leaders alike have spent much of the spring wondering if college and university campuses will reopen in the fall of 2020. If so, how many students will attend? Will an in-person fall semester even be possible due to the continued impact of COVID-19?

While administrators struggle with many competing issues, fall enrollment is top of mind for most because tuition accounts for nearly 50% of revenue. And unlike many other forms of revenue, tuition is the least-restricted funding source.

Eugene Sunshine retired from his position as Senior Vice President for Business and Finance at Northwestern University in 2014. With almost 30 years’ experience in higher education finance and administration, Sunshine has helped to guide institutions through good times and bad, including the financial crisis of 2007-08 and the ensuing Great Recession. We asked him to discuss the importance of financial leadership at colleges and universities during times of crisis.

 

The virulent tsunami of COVID-19 has left industry scrambling to adapt their practices and deal with the fallout from catastrophic business disruption. Read more.

Individuals and organizations alike are looking closely at revenues and expenditures while contemplating an unknown future state. Colleges and universities are no exception. Read our 5 tips for reforecasting!

Centrally track financial commitments and improve transparency across the institution

Axiom™ Commitment Planning automates the collection, evaluation, and tracking of large-dollar agreements made throughout a college or university, bringing order to a complex process.

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The COVID-19 pandemic and attending economic turmoil have the role of higher education CFO extraordinarily challenging. Institutions need to prepare for a wide range of possible outcomes. Read our tips on how.

Is the budgeting process getting you down? If you’re finance leader at a higher education institution, read more on you can shorten your institution's cycle and forecast for the coming years.

Emory University School of Medicine reduced labor needs by 20% while improving efficiency. Learn how your university can achieve similar results and download the client story!