Cost Containment Strategies
Financial tech to keep your budget in check
Ensure your most critical institutional plans align with the financial parameters necessary to remain sustainable.
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Data-based demonstrations
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.
Empowered employment
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.
Consolidate causes
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.
Optimize your institutional budget
Benchmark labor costs
Benchmarking Consortium
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.
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Manage labor spend to contain costs or make strategic investments
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Inform key financial processes, like annual budgeting, resource or strategic planning, with more precise data
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Evaluate alignment with your strategic plan to demonstrate good financial stewardship and sustainability
Create long-range financial plans and forecast scenarios
Financial Modeling
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.
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Use our innovative financial models built specifically for higher ed scenarios
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Customize scenarios to support your budgeting process and visualize targets
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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
Benchmark labor costs
Benchmarking Consortium
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
Financial Modeling
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
Request a Demo
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.
