Budgeting to Strategy in Higher Education – A Recorded Webinar

We ran a webinar last week that drew a lot of attention in higher education. If you work for a college (or if you’re planning on sending your children to college) you want to watch this. As one person attending the event commented afterward, “We’ve been struggling with financial issues since 2008, and this is…    Read More

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The Moon Shot for Higher Ed – Make College Affordable

When President Kennedy challenged the country to put a man on the moon and return him safely to earth by the end of the decade, it became known as “the moon shot.” The challenge was bold, the mission was clear, and everyone knew sacrifices had to be made to accomplish a great goal. The moon…    Read More

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Why Forecasts Fail. What to Do Instead.

I was very intrigued by a recent MIT Sloan School of Management Whitepaper, “Why Forecasts Fail. What do to Instead.” Authored by Anil Gaba, Robin Hogarth and Spyros Makridakis. http://sloanreview.mit.edu/the-magazine/2010-winter/51214/why-forecasts-fail-what-to-do-instead/ As you probably know, MIT’s Sloan School is among the top quantitative business schools in the country. It’s the bastion for better business through data…    Read More

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Budget Strategies for Non-Profits in an Uncertain Economy

In a previous blog we talked about the unique challenges of budgeting in the not for profit sector (http://blog.xlerant.com/wordpress/unique-challenges-of-budgeting-in-not-for-profit ) We were overwhelmed by the response, and decided to follow it up with a live webinar. View the webinar recording, to hear directly from two leading CFOs who will share their experience in overcoming the…    Read More

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Budgeting: Steve Jobs or Bill Gates?

According to a recent survey (multiple surveys in fact) most organizations are still using Excel for budgeting. Part of the explanation for that, of course, is “it’s free”. But it’s also because we in Finance have a bias for spreadsheets. No self respecting accountant or finance professional would back down from the challenge of building…    Read More

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A Shout Out to Linda Murphy Church

Every once in a while the sun and the moon and the stars all align just right to deliver an exceptional webinar. Such was the case recently when Linda Murphy Church presented how she used the rigorous Malcolm Baldrige Award criteria to access a critical decision the Rhode Island School of Design was facing. In…    Read More

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The Malcolm Baldrige Award Criteria and Better Software Purchasing

You’ve been through the drill before. Some process in your organization needs fixing and a team is formed to address it. Before you know it, you’re looking at software as a solution. That’s not a bad thing, but the way we go about it often is. The team comes up with a requirements grid (often…    Read More

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Unique Challenges of Budgeting in Not for Profit

Budgets matter in the not-for-profit world to a degree I rarely see in the for-profit world. In the for-profit world, the budget is just a snapshot in time. It can be forgotten about the first time the company produces a reforecast (which, incidentally, can be forgotten with the second reforecast). It’s not that for-profit organizations…    Read More

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Solving Ambiguous Problems – What Successful Companies Get That the Rest of Us Don’t

I’ve had the distinct pleasure of working with some of the best run companies over the years and I’ve come to appreciate what really separates them from “the merely good”. Some of what makes great companies so successful, like hiring great talent, is quite obvious. But in this blog I’d like to share one of…    Read More

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What a National Survey on Budgeting Reveals

XLerant recently completed a survey on budgeting and I wanted to share some of the highlights with you here. Budgeting is mission critical. You probably already knew that, but isn’t it comforting to know that a majority (over 90%) of your peers agree with you? Budgeting is getting more scrutiny than in the past. Given…    Read More

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