Need to respond to change as it happens? Now there’s a way to run your college or university with speed and agility
The higher education landscape continues to experience change. Rising tuition costs, new federal accountability mandates, and declining enrollments put increased emphasis on institutional agility. Against this backdrop, higher education institutions are expected to operate at peak efficiency and provide differentiated student services—all while operating costs and revenue streams fluctuate.
To address these challenges and stay competitive, colleges and universities must change their planning processes. That’s where Workday Adaptive Planning comes in.
Workday Adaptive Planning helps us to meld our financial data and non-financial data together to create a unified plan for the college, which we could not do before.
Steve Omli, Director of Finance and Accounting
Workday Adaptive Planning lets you collaborate across the organization so you can:
Plan with confidence
Shorten the budget cycle with integrated, enterprise-level budgeting and planning that puts an end to outdated, error-prone, manual approaches.
Build a more collaborative culture
Align student data with financial data and foster a more collaborative culture.
Become more transparent
Generate visibility into income and expenses over the life of a grant.
Workforce planning for higher education made easy
Salary and benefits planning that leverages HR data and drives budget assumptions.
As a state university, we really have to be nimble with the changing tide that could happen quickly where our budget stands in line with the state’s budget. So having something like Workday Adaptive Planning, we have those capabilities to create various models, including financial, planning, and of course reporting.
Brian Teets, Financial Systems Manager, Montclair State University