Solutions for CFOs
A college or university’s Chief Financial Officer must leverage tools for comprehensive financial oversight, strategic planning, cost management, and enhanced decision-making, aligning academic offerings with market demand and institutional goals. These ultimately drive the financial stability and growth of the institution. Combining market insights, academic management overview, performance metrics, and curricular efficiency insights will empower the CFO to optimize the institution’s financial resources, enhance its competitive positioning, and address equity and outcome disparities.
Gray Decision Intelligence recommends PES Economics and Outcomes, Markets, Academic Management Dashboards, and Gray DI Curricular Efficiency Workshops.
Recommended Solutions for CFOs:
PES Economics and Outcomes
PES Economics and Outcomes offers the following:
- Economic Tracking: Assists in tracking revenue, cost, and margin by college, department, program, and course, aiding in enhanced financial decision-making.
- Outcome Evaluation: Supports student outcomes assessment and identification of equity gaps, assisting in outcome improvement and retention strategies.
- Benchmarking: Sets data-informed goals for program improvement by comparing your revenue, costs, margins, and outcomes by course level and subject area with other institutions.
PES Markets
PES Markets gives you the following:
- Market Insight: Provides invaluable information on student demand, competition, wages, skills, and jobs across over 1,500 academic programs and six award levels.
- Strategic Planning: Enables the identification of growth opportunities and allows a data-informed approach to program planning and development.
- Competitive Analysis: Offers insights into the competitive landscape of academic programs, informing resource investments and market positioning strategies.
Academic Management
PES Academic Program Management Dashboards presents you with the following:
- Budget Oversight: Offers a snapshot of KPIs for academic programs for efficient budget allocation and management.
- Instructional Economics: Helps in assessing the economics of each program, allowing for optimized allocation of financial resources.
- Continuous Improvement: Highlights improvement areas and accreditation preparation, potentially enhancing the institution's financial stability and reputation.
Curricular Efficiency Workshop
Curricular Efficiency Workshop by Gray DI supports you with the following:
- Cost Management: Utilizes course-level data to identify high-cost, low-margin, or redundant courses, helping in cost reduction and resource optimization.
- Staff Deployment: Assists faculty and administrators in making informed decisions on instructional staff deployment, allowing optimal utilization of critical resources.
- Budget-Informed Decision-making: The data informs budgets and course schedules, contributing to the overall financial health of the institution.