Feature

Subcategory of CFO News

Let’s Make a Deal

Contract negotiations can be uncomfortable for procurement professionals used to a different kind of sourcing, but the right strategies and tools can turn them from awkward to artful negotiators.

If the phrase “everything is negotiable” makes you uneasy, you’re not alone. Even though negotiation is increasingly essential for campus procurement departments, the task is often approached with trepidation. This isn’t surprising, given the past experience of many procurement professionals, says Steve Mack, director of procurement services for the University of Missouri System.

Opportunity Knocks

Donor-advised funds offer universities a pot of gold

A particular anonymous couple, both Cornell University alumni, could be considered the proverbial advancement officer’s dream. They met in high school, attended college on scholarship, embarked on successful careers after graduation, and raised three children—all of whom attended their alma mater. Recently retired, they’ve now decided it is payback time.

They have joined other alumni, some fraternity and sorority groups, and a state grape growers association in choosing to channel their philanthropy through a donor-advised fund (DAF) account administered by Cornell.

Payroll Alternatives: Pros and Cons

Considerations for providing options beyond the traditional paycheck

With campus leaders looking to streamline operations and save resources, electronic payroll options are very appealing. The printing, envelope stuffing, and mailing costs associated with paper checks make them an administrative burden, says Anthony Peculic, senior director of product strategy at ADP.

Endowments: New Questions in the New Normal

What stakeholders really want to know

The financial crisis is in the past, more or less, and campuses are looking ahead to a new era for their endowments. But what does this mean? Four years on, we’ve come to grips with the changes wrought by the September 2008 market crash. Finance departments are revising their theories and boards of trustees are revising their expectations under what has been called the “new normal”—a time of low stock market returns, low interest rates, and low growth in personal income.

12 Options for IT Project Financing

Finding dollars for technology projects that fall outside the general budget

While enterprisewide IT projects are generally funded through a central operating budget and approval process, smaller projects may depend on the resourcefulness of the department head or even a professor to get done.

The Payment Plan

Managing and marketing tuition installment plans for the benefit of students, families, and the institution

The cost of a college education continues to rise, despite declining consumer ability to pay for it. And with 70 percent of college students and parents agreeing that college is needed now more than ever, according to Sallie Mae’s “How America Pays for College 2012,” finding an affordable institution is key. The College Board’s annual report on “Trends in Pricing” states that the total cost of attending a four-year public university rose 6 percent in-state and, at four-year private universities, costs rose 4.4 percent in the last year.

Connecting Learners, On Campus and Off

Considerations for purchasing, using, and maintaining digital signage and video and web conferencing technology

What technologies and features do higher education favor for digital signage and video and web conferencing deployments? And what can be done to ensure that these technology purchases are used wisely? Here’s what is happening on the AV technology scene.

Oceans of Data

Financial aid offices are drowning in a sea of reports, but the right tools and strategies can throw them a life raft.

The maxim “publish or perish” may be associated with the way faculty operate, but financial aid office administrators would likely agree it describes their situation, as well. Rather than publishing academic work, these employees are tasked with producing reports critical to their continued operations. And as anyone who has worked in student financial aid for even just a few years will vouch, the number of reports they’re running has become a veritable deluge.

Retiring Minds Want to Know

How institutions are making voluntary retirement programs work

It’s an increasingly common move by campus officials during challenging economic times: voluntary retirement. Offering these incentives to faculty and staff provides a ready means of reducing personnel costs while not being seen as severe and traumatic as layoffs, salary reductions, and furloughs tend to be.

Although the details of such plans vary from one college to the next, they all rest on the potential for shrinking the workforce during times of static or declining budgets.

Keeping Tuition Within Reach

Moving past the traditional university structure to help students

As college acceptance letters began popping up in mailboxes across the country this year, incoming students were left once again with the daunting task of choosing the right school. While cost has always been a consideration, more students than ever before are now considering it as a key factor—not only in terms of which school to attend, but whether they go to college at all.

Pages