Webinar Series: Modernize Your Budgeting and Position Planning in Higher Education

Higher education is facing some new realities and the current climate is redefining the traditional role of finance and the budget office. High performing colleges and universities are recognizing the need to leverage modern technologies to increase collaboration in the budget formulation process and to optimize decision making on the use of financial resources. These new realities are felt across the organization, but perhaps most acutely as colleges and universities budget for their largest expense – employee compensation.

Modernize Your Budgeting Process

Given the continuous financial pressures facing higher education, the pitfalls of legacy university planning systems are coming light more than ever before. Institutions are being challenged to streamline their budgeting and forecasting processes in order to optimize organizational decision making.

Join us as we discuss:

• How finance departments can become a strategic partner for the university by integrating financial and operational data together
• Ideas on effectively managing your budgeting process with workflow; increasing engagement while reducing budget cycle times
• Increasing engagement in the budget formulation process while reducing budget cycle times

Wednesday, July 19: Optimize Your Position Planning
2pm ET / 11am PT

When it comes to planning for salaries and wages, outdated systems and ineffective processes don’t meet the demands of today’s higher education environment. Instead, universities need a robust, integrated position-based plan that allows for accurate forecasting of compensation expenses, funding, and vacancy savings.

Join us as we discuss:

• The importance of a driver-based planning model
• Planning at a level of detail that reflects the reality of your operations
• Aligning labor planning across operational budgeting, forecasting, and grants tracking
• Techniques to securely integrate position planning with your HR and payroll systems