Huron Financial Forecasting
Huron Research Analytics — Financial Forecasting provides research institutions with the insights needed to make data-driven budgetary and forecasting decisions.
Featured Insights
Diversify Funding and Align Investments to Sustain Academic Research
Pursuing new funding partnerships and a stronger approach to resource allocation will allow institutions to reinvest in tomorrow’s academic research talent.
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How We Can Help
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Make Data-Driven Budgetary And Forecasting Decisions
Make Data-Driven Budgetary And Forecasting Decisions
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.
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Forecast Direct Spending And Indirect Cost Recovery
Forecast Direct Spending And Indirect Cost Recovery
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.
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Calculate Faculty Recruitment And Retention Impacts
Calculate Faculty Recruitment And Retention Impacts
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.
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Create Internal Benchmarking For Departments And Investigators
Create Internal Benchmarking For Departments And Investigators
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.
