Implement cutting-edge planning and budgeting features at a sensible subscription price through financial performance management in educational institutions. Solver enables your organization to perform these tasks and more:
With Solver, you can evaluate your school’s spending and performance to find areas that need more or less funding. You can also examine grant revenue and its benefits for your students. Build an education financial planning and management system with higher education CPM software that holds and analyzes all of your essential data.
The KPI dictionary lets you create formulas that demonstrate your school’s performance against goals. Follow your school’s enrollment rates, profits, grant impact and other metrics of success. You can add and adjust these formulas as your priorities change. Analyze through Solver’s automated integration to Microsoft’s leading Power BI dashboard solution.
Since Solver holds your financial and operational data in one platform, you can measure performance from multiple perspectives. For example, you can examine the link between spending in certain areas and enrollment rates in the same program and related payroll information to assess cost versus revenues. All of the same information can be reused in Solver’s Planning module for the annual budget.
Everyone in your institution can use Solver to enter budgets as well as multi-year goals and manage their performance data. As a result, you can work with other departments to create cohesive strategies for student retention, budget spending and other administrative areas.
Solver includes these four modules for data-informed performance management:
Perform comprehensive single and multi-year planning based on multiple what-if scenarios such as different enrollment rates and changes in payroll and benefits. With a modern, cloud-based educational budgeting solution software like Solver, you can also use collaboration and workflow features to make it easier manage the budget process itself, and end-users enter budgets with ease through Solver’s web-based portal.
Generate professionally formatted reports and budget books across data on finances, HR, student and curriculum information, capital programs and other aspects involved in financial management in higher education. Use the Microsoft Word and PowerPoint integration to automatically update documents and presentations.
Create custom Power BI dashboards that display your most critical KPIs at a glance using real-time charts.
Organize data from your financial management software, payroll, grant and student information programs into a single intelligent data warehouse to get fast insights on your performance.
Schools, organizations and businesses depend on the Solver Suite for these benefits and more:
Learn how Solver can transform your higher education financial reporting and data management by contacting our team online for a demo or sales inquiry. You can also check out examples of our higher education expense report software in action or learn more from our Solver Template series.
