Recent Posts by Diego Briceno

Financial Sustainability and Planning: Status Quo is no Longer an Option

In this new era of Covid-19, institutions are scrambling to meet students’ unique needs while also remaining functioning and delivering high quality education. They are facing many unparalleled challenges such as declining or flat revenues and increased expenses to new competition from other attractive learning alternatives. It is now more important than ever to properly plan and budget to account for this new landscape. Status quo is no longer an option.

One way colleges and universities can strive to maintain financial sustainability and longevity is by having a long term strategic financial plan. Now, more than ever, effective and efficient budgeting and planning is at the forefront of sustainability. Having the right plan will set the course for success.

There are several budgeting methodologies available to help achieve a strong plan.

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The Role of Financial Analytics in COVID-19

As a result of the COVID-19 pandemic, higher education is facing an uncertain path. Even with the overall economy on high alert, most experts would agree that the full impact of the pandemic has yet to be felt. Institutions are facing challenges to their business model, including declines in state funding, questionable enrollments, and uncertain endowment returns. The additional costs needed to deal with the crisis could be material.

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Featured Topics at EACUBO 2019: The State of Higher Education & Looking to the Future

As I attended the 2019 EACUBO Annual Meeting in Baltimore Maryland, I was surprised not only by the quality of the content but also by the importance of such events. I believe that large gatherings, such as this,  of like-minded people is key to disseminating ideas and highlighting where the industry is heading. I was fortunate enough to attend several sessions on topics like Cloud Migration, Alignment of Technology and Strategic Plans, Data Security, Program Margin and Program Prioritization, to name a few.

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