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Advice and Information for Finance Professionals

Get Schooled (Twice!) on New Business Models

Lynne Sampson
Managing Editor

This is the time of year when college campuses across the United States come alive with activity. Students swarm the grounds, faculty impart their knowledge—and university and college business officers wrestle with ever-shrinking budgets.

For decades, U.S. institutions have been faced with cutbacks in public funding. To succeed in this environment of constant belt-tightening, business officers need to develop revenue models that cast the widest net possible—whether it’s corporate partnerships, adult learning or workplace training.

All of this complicates the job of finance teams that are tasked with planning, budgeting and forecasting revenue. Strapped for both staff and cash, finance teams must run numbers full of uncertainties with tools that were never designed to take these new business models into account.

Rather than relying on spreadsheets, which are time-consuming and error-prone, finance leaders at colleges and universities are looking for better, more cost-effective tools to help them plan and manage all sources of funding. Many of them are turning to enterprise performance management (EPM) in the cloud. These cloud systems include strategic modeling, profitability and cost management, and industry-specific functionality for new income sources such as continuing education and sponsored research.

Join Us at the NACUBO Planning and Budgeting Forum

At next week’s NACUBO Planning and Budgeting Forum, you’ll get a chance to see these systems in action—as well as hear from expert speakers on topics like financial reserves, integrated benchmarking, performance metrics, capital planning, maximizing resources for student success, and more. You’ll learn:

  • Approaches for using planning and budgeting as an agent for institutional change
  • Innovative planning and budgeting methods being practiced at colleges and universities
  • Strategies to address higher education resource management

Drop by the Oracle table to learn more about Oracle EPM Cloud and its education-specific capabilities for planning and budgeting. If your institution is already using Hyperion, we’ve made it easier than ever to move to the cloud and uptake new capabilities.

Register now to attend, Sept. 24-25 in Louisville, Kentucky.

Attend the CACUBO Annual Meeting

If you can’t make it to Louisville next week, you’ll have another chance to connect in Chicago, Sept. 30-Oct. 2 when the Central Association of College and University Business Officers (CACUBO) hosts its Annual Meeting.

Held each fall, CACUBO is one of the premier higher education events in the region. It offers college and university business officers a setting for networking, as well as presentations and seminars to share information on important professional development topics. There will also be cloud providers on hand who can answer your questions about the latest technologies to support new business models.

On Sunday, Sept. 30 at 11:30 AM, Oracle’s Dan Stockwell will host a session on “How to Meet Today’s Requirements for Student-Centric Financial Aid.” Dan will discuss how an intelligent, student-centric financial aid system can help eliminate processing backlogs, free institutions to deliver academics in any model, and give students real-time visibility into their finances via mobile devices.

Oracle will also sponsor the “First Time Attendee Luncheon” on Sunday, Sept. 30. Please drop by booth #5 for more information.

Register now for the CACUBO Annual Meeting and the NACUBO Planning & Budgeting Forum.

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