Last week I was fortunate to be able to spend a few days in Minneapolis attending NACUBO 2017. As a first-time attendee, a theme I found to be pervasive was managing the limited resources dedicated to the effective use of data and analytics, which is a challenge I hear about often. An issue many attendees seemed to face is, 'how do I help augment limited staff resources faced with increased demand across organizational units?' Beyond the option of adding resources, a limitation in many institutions, was the need to find tools, technologies, and services that better scale to provide a broadening body of stakeholders with decision support solutions. One institution noted the need for more intuitive and user-friendly technologies that would enable more functional team members to have access to data and insights based on their particular needs. While this was a financials-oriented event, many conversations revolved around the need to cross reference and contextualize financial insights with other institutional data, regardless of the system or source. Financial managers are clearly thinking ahead and determining ways they can best serve their institutions through integrated data sources and modern-age dashboards and visualizations.
If your institution is seeking guidance on the ways in which financial data can be combined with other sources of data to ask and answer questions related to financial sustainability, please reach out to HelioCampus. We would love to continue the conversations started at NACUBO this year!
Download our one-pager for a sampling of the types of questions HelioCampus can help your institution ask and answer.