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Asset & Investments

From UB

Division I institutions divided on athlete perks

November, 2015
Nayef H. Samhat, president of Wofford College, believes cost of attendance would limit athletics program options for students at schools like his. The Wofford’s men’s basketball team emerged from the 2014-15 season as Southern Conference regular season champions and Southern Conference Tournament champions.

Several prominent Division I conferences (including the American Athletic Conference and Conference USA) have expressed support for cost of attendance, and Division I schools such as the University of Virginia and The University of Alabama now provide it; but not all member schools are on board.

Campus fraud firewalls

November, 2015
Of the 23 types of organizations studied by the Association of Certified Fraud Examiners (ACFE) in 2014, education—including higher ed—had the fifth highest frequency of fraud.

Embezzlement originating from any corner of campus can threaten any college and university. As for the losses, they can be big. Here are four ways technology and vigilance can help head off financial fraud.

Sponsored Case Studies & Features

Transforming the Future Through Effective Cost Management

January, 2015
Tom Fitzgerald

There’s no denying it: today’s higher ed administrators are facing enormous financial challenges.

Equipment maintenance management program exceeds university expectations for cost savings and service

December, 2013

Founded in 1787, the University of Pittsburgh (Pitt) is one of the nation’s most prestigious public research institutions. Serving an enrollment of 18,427 full-time undergraduates, and 10,339 graduate students, it goes without saying that controlling costs is a top priority. “Our focus on savings is a big reason for our support of E&I’s programs,” said Mike Durica, Procurement Specialist at Pitt. “We try to use the Cooperative’s contracts whenever possible.”

Modernize and automate your system for in-person payments

June, 2012

Every college strives to maximize electronic payments, but there will always be a need for departments to take in-person payments via check, cash, credit and debit card. Schools that handle these payments and the resulting departmental deposits the way they did 10 years ago, with paper forms and manual data entry, may be missing opportunities for efficiencies and savings.