BUDGETPAK

BETTER BUDGETING FOR HIGHER EDUCATION INSTITUTIONS

“BudgetPak helps everything flow much more smoothly and collaboratively. VPs can instantly see where the department heads are in their budget process, and each department can see where their budget is in the approval process...everybody is on board with the same goals for moving the university forward.” 

-Anne Ilcus, Budget Administrator and Investment Analyst, Palm Beach Atlantic University 

Your strategy is paramount.

IN TODAY'S TIGHT ECONOMY, colleges and universities like yours face unprecedented scrutiny to achieve financial stability through innovative strategies for cost reduction and program enhancement. 

Strategic budgeting is key.

FROM STUDENT RETENTION PROGRAMS to IT upgrades – the success of your institution’s strategic initiatives hinges upon effective budgetary planning, forecasting, and analysis…including improved campus-wide communication, accountability, and strategic thinking. Now is the time to build a better budget. 

Put your budgetary process to the test. 

Ask these important questions to gauge the efficacy of your current financial planning system: 

  • Are faculty and staff struggling with Excel-based templates? 
  • Is it difficult to track everyone’s progress? 
  • Is your system error prone and time consuming?
  • Do you have a hard time maintaining historical data during staff turnover?
  • Is it challenging to evaluate and revise budgets throughout the year? 
  • Do you have limited transparency into the rationale behind the numbers? 
  • Are you struggling with the campus's lack of budgetary engagement, accountability, and ownership
  • Have you experienced difficulty tying the strategic plan to the budget?

Your budget should support your strategy. BudgetPak is here to help. 

  • Engage faculty and staff participation in the budget process…to increase ownership and accountability. 
  • Build flexible budgets with robust forecasting capabilities…to prepare for variability in enrollment and funding. 
  • Develop detailed salary and headcount planning…to take control over impactful expenditures. 
  • Give budget holders a convenient way to document supporting details…to improve communication and transparency. 
  • Easily produce real-time and historical reports…to facilitate informed planning. 
  • Automate tedious manual processes…to improve accuracy and gain time for analysis – plus a faster budgeting cycle. 
  • Budget for campus-wide and department-specific initiatives…to achieve your institution’s strategic goals. 



CASE STUDIES

JOHN A. LOGAN COLLEGE

Facilitating John A. Logan’s transition to a modified zero-based budgeting model and $500k worth of timely adjustments... 

WILLIAM JAMES COLLEGE

Providing William James College an easy way to combine budgets, actuals, and forecasts into one system... 

NORTHWOOD UNIVERSITY

Cutting $200k using BudgetPak’s salary planning tool (and users are raving about the new system)...

UNION COUNTY COLLEGE

Helping Union County College realize a 50% reduction in the time they spend on budgeting...

PUBLICATIONS

Decision Point: When and Why to Choose Purpose-Built Budgeting Software 

Business Officer Magazine: Collaborative Budgeting for Fiscal Stability

Strategic Budgeting for Community Colleges: A Mission Critical Endeavor

Collaborative Higher Education Budgeting in the Cloud

Graduating from Excel to Purpose-Built Software

Top 10 Benefits of Responsibility Center Management 

Infographic: Summary of Higher Education Survey Results



WEBINARS

Better Budgeting for Higher Education - 2017 and Beyond 

Rising costs and uncertain federal policy could have significant impact on higher education institutions for years to come. Accurate budgetary planning, forecasting, and analysis are critical for sustainability.

Live at the CCBO Annual International Conference: Business Officer Roundtable

This interactive roundtable will examine the “budgeting journey” of two community colleges moving from Excel-based spreadsheets to a collaborative budgeting solution.

The Art of Forecasting: A Pragmatic Case Study with Dan Brent

Dan Brent, vice president of finance and operations at William James College, explains his method for easily and flexibly revising the budget throughout the year – while keeping users actively engaged in the process.



Achieving Pain-Free Budgeting & Forecasting in Higher Education Institutions

For finance teams at mission-driven organizations, budgeting can be as painful as tax season or an audit. How will your organization’s resources be allocated to achieve your mission and support your programs or plans for outreach?


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Ready to learn more about BudgetPak?


XLerant provides cloud-based budgeting, forecasting, and reporting solutions designed with easy-to-use interfaces that make a complex process accessible for finance teams and budget managers alike. XLerant's software-as-a-service (SaaS) solutions serve small to mid-size enterprises that value collaborative environments as an effective way to engage employees and achieve their strategic objectives. The company's premier product, BudgetPak, has been recognized for outstanding usability, quick implementation, and exceptional support.

Engage. Empower. Achieve.

(203) 883-4380

www.XLerant.com