Higher Ed Advisor: tips and tools for effective fiscal modeling and analysis

Welcome to Higher Ed Advisor, the Baker Tilly podcast series where we speak with higher education industry leaders from across the firm about practical and proactive guidance to help colleges and universities protect and enhance their value.

Higher education institutions have been facing pressure to make strategic change for years. The COVID-19 pandemic has exacerbated the need for planning and analysis to implement change and achieve fiscal resilience. With increasing costs and declining revenues, college and university leaders and board members must think bigger and more intentionally to survive in the short-term and thrive in the long-term, while upholding their institution’s mission.

In this episode, our higher education specialists discuss the approaches and processes to gain fiscal resiliency both in the short-term and long-term, including fiscal modeling, financial forecasting and cash flow planning and analysis to inform strategy and position institutions for future success.

Listen to this podcast to learn about the tips, tools, challenges and leading practices associated with fiscal modeling and financial forecasting to advise decision making, and understand why it is critical to really know your institution in order to make strategic decisions.