According to a recent U.S. Census Bureau report, enrollment in two-year institutions has taken a downturn. This decline has left higher education institutions facing a pressing dilemma—finding ways to reduce costs and maximize investments. This shift has made strategic budgeting mission critical. Learn how to link departmental budget requests to campus-wide goals and the importance of fostering collaboration, visibility and accountability for a more transparent budget.
This infographic is a summarization of a recent survey done from financial people at higher education institutions. It is fundamentally based on institutions that use Microsoft Excel for budget preparation but also supported with comparative data from institutions that use a specific budget application for budget preparation.
XLerant recognized by CIO Review magazine, as one of the “20 Most Promising Corporate Finance Tech Solution Providers 2015.” Discover why XLerant was selected as a leading provider at the forefront of tackling finance challenges for corporations and institutions with its purpose-built budgeting, forecasting and reporting software, BudgetPak.
Two-thirds of U.S. college and university budget directors give their Excel-driven budget process a ‘C’ grade or lower. A survey by XLerant, Inc., shows that while mounting economic pressures make budgeting and planning more critical than ever, most collegiate budget leaders say their process falls short.
XLerant was recently featured in Business Officer Magazine in an article titled “Self Service Budgeting at Drew University”. The article does a wonderful job of highlighting the challenges Drew University experienced with Excel based budgeting, and how the University partnered with XLerant to address them.
Survey on the usability of budgeting and planning applications.
Published in the Journal of End User Computing’s Special issue on Scaling Up End User Development – Raymond R. Panko, University of Hawaii.
It’s all about building accountability and ownership of the numbers.
Find out how you can improve your budget process, shorten the cycle time, and win over your internal customers.
Beware firms that refuse to issue annual financial targets.
Put budget development in the hands of the people doing the actual spending.
Article explaining why the Finance department is still having so much trouble getting willing participants in the budget process.
From the Journal of Accountancy & Finance. Article authored by XLerant Co-Founder Lawrence Serven.