- Higher education begins with enrollment: Financial models for colleges and universities start with enrollment and require visibility into new students, retention rates, and may include average units per student.
- Unique timeframes for academic reporting: Models are characterized by custom time periods for academic calendars with its unusual revenue recognition patterns.
- Reporting for Higher Education: In addition to a customized academic calendar, financial reports must be easily created to view a single academic program, campus, or location.
- Unique activity drivers: Drivers include students and cohorts, retention rates, and student/faculty ratios. Driver-assumptions are then spread across a multiple year planning horizon typically five years or more.
- What-if analysis: Multiple what-if scenarios must be managed in a single file to analyze and compare the impact of increasing tuition rates, increasing faculty-student ratios, and even launching new academic programs.
Higher education financial models have unique planning requirements.
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Higher Education
