Restructuring Operations For Financial Transparency
When I got to Purdue University we had no idea which colleges were making money and which colleges were losing money. The systems we had gave us zero insight.
Going through the process of restructuring operations gave our finance team tremendous insight. It also provided the Provost and the various units performance insights to know if their areas were running a surplus or deficit.
Lessons Learned During a 30-Month Financial Transformation
In March 2021, APL nextED hosted a Roundtable event for Provosts and Chief Academic Officers. Bill Sullivan, Former Treasurer and CFO of Purdue University shared his experience leading a 30-month financial transformation at Purdue University that led to $14m in savings through the efficiencies they created. Listen to an excerpt from his session.
By establishing transparency and streamlined processes you create hundreds of ways to compare how efficient are you with allocations for faculty, research, credit hours taught, students enrolled, etc. versus other units within Academics.
Bill Sullivan, Former Treasurer and CFO or Purdue University
Streamline Operations With APL nextED
Schedule a demo to learn how APL nextED’s Academic Operations Platform can centralize your institution’s academic operations for greater transparency and overall efficiency.
