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Hallmarks of Higher Education's Most Strategic Finance Functions Infographic
Higher education finance leaders must prepare their institutions to effectively respond to external threats and market pressures. EAB has identified five characteristics—or hallmarks—of higher education’s most strategic finance functions.
Design a hybrid budget model
Design Better Workflows with Five Process Improvement Steps
As your campus becomes more experienced in its process improvement journey, you may develop homegrown tools and resources—but the five steps outlined in this Roadmap should always remain your baseline.
Introduce shared services incrementally, rather than with a "big bang"
Shared services developed a bad reputation in higher education in part because many early movers followed the private sector lift and shift model, “lifting” administrative personnel from units and “shifting” them to the new shared services organization all at once. In most cases, top-down mandates and mass migrations to shared services are neither desirable nor practical.
Build a New Budget Model that Advances Your Institution’s Strategic Goals
Many institutions are considering wholesale budget model changes to reinforce financial goals and strategic priorities, but there isn’t a uniform “one-size-fits-all” model that every institution should emulate. Learn how to design custom models that align with your institution’s unique strategic priorities, mission, and culture.
4 building blocks of a continuous improvement culture
Process improvement is a proven method of redesigning and transforming sub-optimal workflows. Securing these early wins helps to generate buy-in and whet the appetite among stakeholders for even more improvements.
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The Finance Function of the Future, Part 1
In this session, we'll introduce the five characteristics, or hallmarks, of effective future finance functions.
Lessons Learned from a Decade of Organizational Consolidation
This webinar provides a look-back on trends of the past decade, while pointing to lessons learned to avoid costly mistakes of pursuing all-or-nothing implementations.
