Higher Education – Planning, Budgeting and Forecasting
Deloitte’s Higher Education – Planning, Budgeting & Forecasting (PBF) Model is a financial model used for forecasting the following types of PBF processes: > Higher Education Workforce and Personnel Expense planning, including adjunct/ part-time resources and multi-source funding of salaries and benefits,> Long-range tuition and enrollment planning > Profitability analysis by student department, and/or school > Grants planning and forecasting.
Tuition & Revenue modeling
Revenue planning including Tuitions, Grants, Endowments, Fees, and other types of revenues integrated with LR Tuition planning models.
Workforce and Personnel Expense Planning
Workforce and Personnel Expense planning designed for Higher Education to perform headcount, salary, and compensation planning. Ability to budget the many different types of employees/positions that Higher Education Institutions support. Also includes the ability to enable multi-source funding of salaries and benefits.
Long Range Modeling
Long-range Tuition and Enrollment Planning for multiple years. Includes driver-based and predictive forecasting models. Ability to leverage tuition and student headcount growth percentages or counts to enable top-down and bottom-up planning.
MuleSoft for rapid and flexible integrations for actuals, employees/positions, students, and enrollments. Ability to integrate with Finance and HR ERP systems along with other activity-specific systems, such as Student Information Systems, and other internal and external data sources.
Student Analytics integrated with budgeting to drive results-based performance budgeting