Many higher education institutions face an uncertain future. Externally, higher education is experiencing increasing pressure on governmental appropriations and financial market volatility. Internally, colleges and universities are seeing demographic shifts, increased student demands for amenities, and changing educational methodologies.These developments are transforming higher education and creating a need to analyze and communicate every institution’s prospective financial position.
Problems We Solve
Executive leadership and their boards use Synario to answer mission critical questions such as:
- How might a change in enrollment due to new pricing or aid strategy impact our housing capacity?
- How would our credit rating be impacted if we build a new dormitory in reaction to a need for increased capacity?
- What is the best way to fund the new dormitory?
- How would delaying the dormitory project impact our financial statements?
- What might be the impact of offering a new online product, assuming alternative growth scenarios?
- How will the proposed programming realignment impact revenues?
Why Choose Synario
Informed strategic planning is integral to the continuing success of every college or university. Key performance indicators need to be projected into the future in relation to strategic objectives and initiatives.
Synario comes with preloaded financial relationships, allowing higher education institutions to view the full-field of actionable strategic directions. Create a planning process that yields collaboration and credibility across any sized higher education institution with Synario.
Synario is the strategic planning software used by over 70+ higher education institutions. Our knowledgable customer success team has helped hundreds of financial professionals model financially complex strategic visions. Head to our library of use cases to see some examples of the initiatives listed below.
Synario has an outstanding reputation in the higher education sector. Our team of modelers is highly experienced in modeling both financially and strategically complex challenges and opportunities. We have helped institutions develop integrated models comparing alternative scenarios for a long list of key performance drivers. Those drivers include, but are not limited to:
- Student enrollment (cohorts, FTEs, SCHs)
- Tuition (including differential tuition) and aid (discount, waives, remissions)
- Auxiliary enterprises
- Gifts and grants
- Investments and endowments
- Employee compensation (salaries and benefits) and non-personnel expenses
- Debt (bonds, notes, leases, letters of credit, swaps)
- Operating initiatives
- Capital projects and deferred maintenance
“We have been able to take our endowment from roughly eight percent true, constricted and inaccessible, and we have upped that ration to about 50 percent liquid.”