Globally the higher education landscape seems to be moving faster and faster. Domestic Higher Education Institutions (HEIs) are not just ‘competing’ (for want of a better word ) with each other, they are also fighting additional fronts as further education and global institutions look to attract the same body of students. Add to this the continued threat of reduced funding and the task faced by VCs and their operations staff is indeed challenging. Simply put educators are going to have to do better, to attract the students with less.
Increasingly CFOs are elevating Finance’s value to their organization. They are assuming key roles in plotting their businesses’ strategic direction and influencing managers to take decisions to improve performance.
They are the ones who have, or should have, visibility of the key financial data their business needs to succeed. But what can the forward-thinking CFO do to cut through the vital day-to-day tasks that can prevent them from acting strategically?
In a series of blogs, Unit4 will explain how CFOs can measure their department’s maturity and use that insight to produce an action plan to focus resources to achieve maximum results.
They will look at how CFOs can move through the four stages of the business empowerment maturity model; standardize, optimize, predict and drive, by removing structural deficiencies, free up time for high value activities and scale support sustainably.
The first two blogs focus on how CFOs can minimize risk – first by structuring financial procedures and secondly by executing processes efficiently. The concluding two blogs deal with maximizing performance – first by deploying flexible real-time analysis and finally by providing an automated self-service model.
To find out where your departments is on the business empowerment maturity model and how you can drive improvement, click here now.
Few outmoded business practices have as much inertia as the use of spreadsheets for planning and reporting. While the digital spreadsheet has proved remarkably resilient as a flexible input solution, it’s a poor fit for more advanced needs such as financial analysis, business budgeting and general planning.
1. Spreadsheets Don’t Scale
It’s a common belief among businesses that they simply don’t have enough data to pursue an alternative to spreadsheets. However, chances are that isn’t true, and it certainly won’t be true if the business continues to expand.
With 2014 almost behind us, here are the top five tech things we think will transpire in the global Higher Education industry in 2015: Continue reading