Articles: Financial Services

03/2014
Instrumental in implementing the new online payments system were  (left to right) Allison Foltz, Mike Boolukos and Melody Baker from the  information technology office.

Cash flow is as important to nonprofits as it is to corporate entities. That’s something officials at Salisbury University in Maryland had in mind when they engaged outside help several years ago to provide students with online payment gateways, tuition payment plans and electronic bills.

03/2014
Reverse auctions have, by some accounts, proven to save institutions more than 40 percent on goods and services.

Seconds tick by. Vendors submit bid after bid in real time, battling it out to win the business of the campus procurement office. The opposite of eBay, this reverse auction format results in the price going down with each bid.

03/2014

Picture the amount of paper associated with almost 42,000 travel reports and 300,000 procurement card transactions. That’s how many expense-related documents the University of Colorado’s four campuses generate in a single year.

03/2014
Customization and automation are key elements  of the new administrative system developed for the Distance Learning Center, located in Ullsvik Hall.

In the past, University of Wisconsin-Platteville staff had to manually enter the records of any student pursuing an online degree.

03/2014

When you think about the blinding pace of technological change, it’s a wonder the University of Iowa’s student information system worked for as long as it did.

03/2014
The University of Puget Sound has received a series of bitcoin donations.

The University of Puget Sound in February became the first higher ed institution to accept a gift of digital currency, when alumnus Nicolas Cary gave the Washington school 14.5 bitcoins—equal to $10,000.

03/2014
Jeffrey G. Eisenbarth is vice president for business and finance as well as treasurer for Rollins College.

Central Florida is one of the country’s most popular tourist destinations, so it makes sense that hospitality enterprises can be counted on to provide a financial boost—even to higher education institutions.

03/2014

The University of Wisconsin’s all-you-can-learn, competency-based flex program—designed for adult students—started in January.

03/2014
Gene Wade is CEO of University Now, parent company of Patten University.

Since last June, students at the for-profit Patten University have been able to take all-you-can-learn, competency-based programs online and at the institution’s campus in Oakland, Calif.

02/2014
Institutions are increasing efforts to equip those in a broad array of campus leadership positions with the skills they need to identify and woo potential donors.

The University of Florida’s last fundraising campaign, completed in October 2012, surpassed its $1.5 billion goal and finished nine months ahead of schedule at $1.72 billion.

02/2014
A high-demand winter course at Long Beach City College will cost residents $225.

California has been experimenting with charging higher tuition rates for high-demand courses offered during the winter and summer. The accompanying infographic breaks down what students are paying.

02/2014

Workforce development has long been a bastion of the community college environment.

02/2014

Industry-driven
A Toyota workforce study revealed: Within 10 years, at least 200 employees in their Indiana manufacturing plant would retire.

01/2014
Part-time students and their needs need not get lost when continuing education gets decentralized. Fairfield U reaches out to its part-timers, many of whom have young children, with events such as the Halloween-themed “Night at the Museum,” held this fall on campus at the Bellarmine Art Museum.

With funding cuts, falling enrollments and increased competition from MOOCs and other low-cost online programs, higher education has been under enormous pressure in recent years.

01/2014
Construction budgeting software allows Southern Methodist U to maintain a digital record of projects and ensure future projects have adequate funding for site development and other line items.

A Midwestern state university budgeted about $12 million for a major addition to its library several years ago. At the time, there was not a tightly controlled project planning process at the institution and

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