Financial Management and Strategy
Even if the general economy improves, times are going to continue to be tough for colleges and universities. Governing board and trustees are going to continue to ask institutions of higher education to do more with less. The public will expect more but intend to pay less.
Huron Consulting Group can help. Huron’s insights and expertise can help institutions gain efficiency by getting the most from people, processes, and information systems. Huron understands the operations across the entire spectrum of universities, and brings expertise to bear on any concerns its clients have, from the more specific technical issues to large institution-wide initiatives.
Our primary services areas include:
Financial Management and Strategy- Strategic Planning - Huron Consulting Group assists colleges and universities, as well as other non-profit organizations, identify and evaluate strategic alternatives, and assess which alternatives best fit in the context of the organization’s goals and mission.
- Resource Optimization/Performance Improvement – Huron Consulting Group identifies efficiencies, and opportunities to tap new sources of revenue.
- Financial Modeling – Huron Consulting Group professionals create detailed models that provide management with the critical analytical tools to run “what if” scenarios to see the financial implications of their decisions.
- Mission-Based Budgeting – Huron provides research and data to align the mission driven organization with the financial realities of limited available resources.
- Facilities and Capital Planning – Does your college really need that new building? How can it be used more effectively? Huron Consulting Group can give you answers.
Procurement Solutions- Strategic Sourcing – Huron’s strategic sourcing methodology is driven by data analysis, and customizes a plan for savings through pricing, process and demand management to each institution.
- Procurement Transformation and Planning – Huron Consulting Group focuses on the critical elements of operations (vision/strategy, business processes, organization, and technology) and recommends process changes and goals to improve operations.
- eProcurement - Huron assists institutions with planning, selecting partners, and business case development to move them toward eProcurement, which helps save money through efficiencies such as preferred contracts and bulk buying.
- Construction Strategic Sourcing Services - Universities spend billions on construction every year. Huron’s experience suggests that a 5% to 8% cost improvement can be achieved with a best practice program in procurement and construction auditing.
Organizational Transformation- Organizational Design and Performance Improvement – Huron provides objective data analysis and perspective to approach a myriad of topics across the strategic operations of colleges and universities and balances organizational resources and their associated output.
- Interim Management and Staffing – Huron can provide members of its experienced staff to lead departments or carry out critical tasks while searches for permanent replacements are sought, or to help finish backlogs of work.
- Enterprise Risk Management – Huron Consulting Group helps identify risks and develop programs for mitigating financial and programmatic risks.