NACUBO will launch consulting services in January 2020 to better support its members.
One of NACUBO’s goals is to help ensure that all institutions thrive through specific and dynamic mission-focused business models. The association will provide accessible, market-aligned financial and operational consulting services and tools that support member success with the help of seasoned higher education practitioners.
The consulting services will also offer members new strategies for growing net revenue, building capacity, providing pragmatic solutions, and conducting operational assessments that focus on action and effectiveness.
Our Approach and Commitment
We will engage with higher education experts to help institutions align their missions with shifting economic realities and produce healthy margins for investment and growth. Our approach will enable institutions to build and enhance their business models in a variety of ways. This new service will:
- Build capacity. Our consultants have deep experiential knowledge of best practices and emerging trends in higher education. They will share their expertise to improve your institutional capacity and existing strengths. Our consultants have built their careers in the business office, and that familiarity with the field means they can drill down to uncover where resistance to action occurs, develop effective strategies, and move projects forward.
- Be pragmatic. We will tailor our solutions to work with your financial and staffing capacity and organizational culture.
- Prioritize action. For every engagement, we will provide concrete implementation strategies or identify practices to move your institution forward.
- Leverage resources. We will utilize NACUBO research and partnerships with experts to learn how best to reach your institution’s goals.
Be on the lookout for our official launch e-mail and materials in early January 2020. For questions or additional information, e-mail Jim Hundrieser, vice president for consulting, or call 202.861.2539.
To learn more about using blockchain, analytics, and data analysis to improve your institution’s financial management and long-term program planning, consider viewing these on-demand webcasts.
- Blockchain and financial management. To optimize for innovation, flexibility, and program quality in higher education, many institutions have a decentralized model for administrative functions. To support the core mission and aspirational vision of their institutions, finance organizations need to provide value-based, efficient, and customer-centric services now more than ever. This session, Why Blockchain Could Be a Game Changer in Improving Higher Ed Financial Management, provides a high-level overview of blockchain technology, reviews ways to improve business outcomes and reduce risks in higher education, and demonstrates a proof-of-concept smart contract.
- Uses for money and market data. Program decision making has often been a contentious, time-consuming, and political process, focused primarily on internal interests. During this webcast, Using Data on Markets and Money to Make Collaborative Academic Program Decisions and Long-Term Program Plans, panelists share their proven approach for selecting, planning, and managing academic programs using comprehensive, integrated data analytics. Learn about their methodology for analyzing the economics of academic programs using institutional financial data, including student-level tuition and discounts, courses taken, faculty wages and benefits, facilities, and other costs. The panelists will recommend a framework for using data analytics; a collaborative process that can enable institutions to eliminate small, money-losing programs that are not critical to the mission; and ways to invest funds.
- Data governance and analytics. Business officers are in the unique position of helping to lead their institutions toward adopting a data-informed culture, which includes both protection and use of data. Although the importance of having a culture that values data-informed decision making has long been accepted, most institutions have just recently begun developing their institutional analytics capacity. The panelists for the webcast Dude, Where’s My Data? Leveraging Data Governance to Improve Analytics describe their data governance journeys, including their institutions’ data governance structures, their pain points and celebrations, and how they have leveraged data governance practices to create a campus culture that embraces analytics. Regardless of where your campus is in its data analytics journey, this session will help you eliminate the pitfalls of data silos and hoarding and use analytics to streamline business processes.
Click here to view on-demand recordings or to register for upcoming webcasts.
Save the Date
Envisioning Tomorrow’s Higher Education Landscape
NACUBO’s 50th Annual Meeting
July 11–14, 2020
Washington, D.C. / National Harbor
Registration and housing open Jan. 31, 2020