Align your budget with your mission
Cost containment strategies are designed to support your most vital financial processes, aid in managing your labor spend, demonstrate your finances, reflect your strategic plan, and prepare for future institutional peaks and valleys. Ensure your investments, annual budget, workforce allocation, and accreditation preparation are in order through valuable data readily available to board members, accreditors, and other key stakeholders.
Better informed, better aligned, better results
Provide your key stakeholders—board members, accreditors, and more—with tangible evidence across the institutional areas of highest focus. Informed annual budgets, tactical workforce allocation, and aligned strategic planning draw direct connections between choices and their financial impacts on enrollment, retention, and other vital outcome metrics.
Calibrate labor spend to line up with your institution’s goals and initiatives. Your staffing plans need to reflect strategic goals, and you’ll need data to help Human Resources and other departmental heads to reimagine roles, find areas for automation, and identify new operational opportunities as hiring markets continue to evolve, like increased competitiveness for IT roles.
Bring your financial practices into alignment with your mission and strategic planning initiatives. Providing evidence your institution can operate in-step with its loftiest ideals not only unites mission with action, it also bolsters the efforts necessary for reaccreditation. Demonstrate quality financial stewardship, as well as proof of institutional sustainability during a time of industry-wide uncertainty.
Adapt and advance
Proactively prepare for the inevitable ups and downs of higher education. Financial circumstances ebb and flow and, by informing cost containment strategies through deep data, your institution can anticipate impacts, alter course accordingly, and maneuver with a higher degree of certainty. Move from financial reports that only report on what’s already happened to active analytics which can help advise knowledgeable next steps.
Ask questions that align cost containment strategies with strategic planning
Combine cost containment strategies and institutional goals
Find out how HelioCampus Student Lifecycle can uncover previously disparate data points so you can act with data-backed insights for better student recruitment, enrollment, and retention.
Optimize your institutional budget
Benchmark labor costs
Get a deep dive into labor allocation and costs when you analyze against job description criteria, not just department or function. We enable you to strategize ongoing workforce investments and initiatives to have more data-informed financial planning discussions with HR and department leaders.
Manage labor spend to contain costs or make strategic investments
Inform key financial processes, like annual budgeting, resource or strategic planning, with more precise data
Evaluate alignment with your strategic plan to demonstrate good financial stewardship and sustainability
Create long-range financial plans and forecast scenarios
Implement a long-range financial planning tool to evaluate multiple financial scenarios on a 5- to 10-year timeline. Check in easily on your base case to react more quickly to fluctuations, ensure you are staffed and resourced for your strategic initiatives, and demonstrate fiscal responsibility to your board.
Use our innovative financial models built specifically for higher ed scenarios
Customize scenarios to support your budgeting process and visualize targets
Ensure continuity via a centralized financial modeling tool
Uncover academic programming opportunities
Academic Performance Management
Understand and manage the cost of instruction for your institution so you can better address budget deficits, identify efficiencies, and optimize faculty assignments and non-teaching activities.
- Gain visibility into instructional costs and margins to inform academic planning
- Identify trends in course demand or enrollment within academic departments
- Maximize instructor capability across teaching and non-teaching activities
Get ideas and strategies for containing costs at your institution
Three University Case Studies: Benchmarking Against Peer Institutions
Learn how AU, KSU, and Temple faced the growing challenges to contain costs while investing in ROI-positive initiatives.
Using Benchmarked Labor Spend Data in Higher Education
Learn how to use labor cost benchmarking in real-life use cases to make informed decisions on institutional investments.
Transforming Budget, Staffing, and Strategy with Benchmarking
Learn how GT transformed their budget model and staffing strategy to grow efficiently and effectively.
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HelioCampus gives you a clear line of sight into financial risks and opportunities within your institution related to labor costs, long-term financial sustainability, and alignment with your strategic plan. Let us help you uncover unseen trends and insights that can inform your annual planning, budget cycles, and workforce planning.