Modeling Education

Creating an agile financial plan and planning team is critical to keep pace with 2020's changing economic and public health conditions. In this NACUBO webcast, Synario discusses what it means to be "agile" and how college and university finance leaders can implement scenario-based planning to adapt to an uncertain environment. Joined by Scenario Planning author Woody Wade, this webcast is full of take-aways on how to identify and execute your best financial trajectory.

As federal, state and local governments attempt to help both individuals and businesses through the COVID-19 recession, the Small Business Association (SBA) has released information on how to apply for the Payroll Protection Program (PPP) loan. The loan is a unique opportunity for businesses to receive a large cash influx and be forgiven for the entire loan amount if it is used towards qualifying expenses. However, businesses should be utilizing financial modeling prior to applying for the loan to determine if the loan amount will be forgiven or if they could incur unexpected repayments in the future.

In this article, we have defined three potential economic recovery scenarios, the tools needed to navigate each case, and how to quickly make strategic moves with confidence – all while aligning leadership teams and driving consensus around high-impact decisions.