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Articles: Financial Services

ROOM AND A VIEW—Nestled among the Oakland Hills and overlooking Oakland, San Francisco and the Bay, Holy Names University has 60 wooded acres and space to build on once Samuel Merritt University relocates there.

This fall, Samuel Merritt and Holy Names University signed a non-binding letter of intent to explore the possibilities of sharing a single property.

While relying less on student tuition and fees is the ideal situation for many higher ed institutions, it’s not surprising that finance administrators anticipate tuition revenue as the biggest funding boost for 2018.

Bill Berg is an enrollment management consultant at Ruffalo Noel Levitz.

There’s no question that recent graduates are leaving college with more student loan debt. More students are taking out loans and they’re borrowing larger amounts.

Public universities are evolving their technology transfer activities but must take additional steps to address the demands of the innovation economy.

“No margin, no mission!” is how one respondent to UB’s 2018 Outlook survey of campus leaders described the high stakes involved in raising more tuition revenue, non-tuition revenue and fundraising dollars in 2018.

We asked: What are your predictions, hopes and concerns for 2018? Administrators and experts who have recently contributed to UB answered.

Seth Bodnar is the 18th president of the University of Montana.

Seth Bodnar, 38, left General Electric Transportation to become the 18th president of the University of Montana.

 Donald Hasseltine, formerly vice president for development at Brown University, is now a senior consultant with the Aspen Leadership Group.

Alumni participation is falling at a precipitous rate, the number of mid-level major gifts are flat, and annual fund support has struggled to keep pace with inflation.

As colleges and universities find new ways to partner with each other to improve services and reduce costs, the idea of sharing an LMS is starting to gain traction.

Gather stakeholders—including faculty, students, IT leaders and others—for honest discussion. 

In California, it was crucial to include student representation in the statewide committee that examined various LMS candidates, says Jory Hadsell, executive director of California Community Colleges’ Online Education Initiative.

That positive approach allowed college constituency groups to focus on the end goal of student learning.  

In what ways could sharing an LMS benefit colleges, and what do you see as the biggest or most surprising challenge institutions would need to overcome to purchase the same LMS? 

“Sharing an LMS across institutions provides many benefits, including consolidation through one system, categorizing content and cross-collaboration. One of the challenges of sharing an LMS is agreeing on a design model that satisfies the lowest common denominator.

Jonathan L. Kotlier is a partner and chair of the white collar defense practice group at Nutter legal firm in Boston. Joseph T. Toomey is an associate in Nutter’s litigation department.

The traditional university model of an in-house administrative investigation run by some combination of university administrators and professors is a disservice to both the accused and the university. It is arcane and inefficient.

Some higher ed institutions are giving new technologies the ol’ college try in preparation for future financial challenges. Here’s a closer look at five compelling reasons to move beyond spreadsheets.

What do you see as the biggest roadblock for finance offices at colleges in moving away from spreadsheet-based budgeting and financial planning?

“​The biggest roadblock is changing existing processes that are constrained by outdated technology. With … a platform [that has] data integrations, linking, collaboration, control and a full audit trail,  finance teams can create new, efficient processes and modernize the way they work.”

—Matt Rizai, chairman and CEO, Workiva Inc.

Adaptive Suite (Adaptive Insights)
Cloud-based performance management software for budgeting, planning, forecasting, reporting and dashboards
adaptiveinsights.com

Axiom Higher Education Suite (Kaufman Hall)
Software to support institutional planning and reporting
kaufmanhall.com

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