Huron Research Analytics — Financial Forecasting provides research institutions with the insights needed to make data-driven budgetary and forecasting decisions.
How We Can Help
Utilizing Huron Financial Forecasting as part of the annual budget process or as a stand-alone assessment, this tool enables institutions to project the net cash flows resulting from a faculty recruiting plan. Huron Financial Forecasting empowers institutions to:
Run a five-year revenue projection model for recruiting teams from other institutions
Forecast the net cash outlay or surplus by year.
Model the near-term cost and longer-term return on investment (ROI) associated with recruitment efforts.
Huron Financial Forecasting enables research leaders to evaluate the performance of programs and investigators and model financial forecasts more accurately. By combining a patented forecasting methodology with robust visualization, dashboards and reporting, Huron Financial Forecasting allows research leaders to quickly identify funding changes.
Huron Financial Forecasting uses a patented formula that leverages historic sponsored proposal information and financial data to forecast an institution’s direct and indirect revenue. The tool enables research leaders to:
Establish the upcoming year’s annual research budget with confidence.
Monitor proposal award success and research revenues.
Calculate COVID-19-related financial impacts.
Anticipate and model how the impact of potential changes in research volumes may affect the budget.
Huron Financial Forecasting assists research leaders in evaluating department and individual investigator performance. The tool’s functionality provides several dashboards and reports that allow institutions to view historical and forecast data at the school, department or individual investigator levels. The dashboards and tools help research leaders identify:
Departmental research activity and direct and indirect revenue.
Department or principal investigator proposal submissions in a given year.
Extramural funding lapses.
Proposal and funding history for principal investigators.
Rick has more than 25 years of experience helping institutions across higher education and healthcare improve their research program administration, compliance and financial performance.
Tony is a technology leader with over 20 years of experience delivering software solutions across a wide range of public and private sector organizations.
Matthew has more than 22 years of experience consulting with academic health centers and research universities to transform their research enterprise through technology.
Huron is a global professional services firm that collaborates with organizations to help solve their most complex challenges and achieve their most ambitious goals. Working across the private and public sectors, we partner closely with clients to improve performance, accelerate transformation, and unlock new opportunities for growth.
Our clients choose us because of our deep industry and technical expertise and proven track record of turning sound strategies into action. By combining practical experience, innovative thinking, and advanced analytics and technology, Huron helps organizations translate today’s ideas into tangible results and long-term value.
