Financial Analytics

Why Financial Analytics?

Financial Analytics can be added after an institution has implemented Student Analytics. By combining financial data with student data, institutions have more meaningful insights into budget variance, financial KPIs, financial ratios, cost center metrics, student accounts, tuition revenue reporting, aging analysis, and more.

Removing Silos

Traditionally, student and financial data sources are not tightly integrated. By bringing these data sets together, the institution has a fuller picture of how they work together to improve financial stability, planning and performance.

Key Challenges

Competition for students and increasing costs, combined with skyrocketing tuition and fees, has left many institutions financially vulnerable. Financial Analytics helps institutions address a range of challenges including:

Program Costing & Demand

How are costs broken down by enrollment, program, department, major, degree and student types? Which degree programs are driving demand, tuition and margin contributions?

Budget Variances

What are the projected year over year budget shortfalls and excesses? Are our costs outpacing our budgeted and actual revenues?

Institutional Performance

How are our bad debt and aging outstanding balances impacting institutional performance?

Facility & Campus Management

Are we maximizing the use of facilities, average class size, and how does that compare across campus locations and across campuses?

Integrated Financial & Student Data

How do financial metrics and KPIs vary across institutional departments, programs, and academic units?

Unique Features of Financial Analytics

Financial Analytics assists institutions in answering critical questions around financial sustainability and viability into the future.

Systems & Third Party Integrations

Integration with your institution’s financial system of record. And integration with third-party and public data sets, including IPEDS for benchmarking and other sources.

Data Models

Data models provide for efficient and organized data of general ledger, student accounts, and budget data.  

Data Visualization

Intuitive data visualizations and standard dashboards including a Management Report Card, Marginal Contribution Analysis, Student Accounts Trends and Budget and GL Actuals, to name a few.

Data Science Services

Data Science Services to assist with building financially oriented forecasts and predictive models, conducting user training, or integrating additional data sources into the platform.

As part of The University of Southern Mississippi’s Vision 2020, we will be maximizing the operational efficiency of the University. Developing more efficient evaluation will lead to faster results, improved academic service, and cost savings for the institution. We could not be moving as quickly down this path without the help of HelioCampus.

Allyson Easterwood, Vice President for Finance and Administration