Despite college and university officials’ incredible display of resiliency over the past year, new data from Syntellis Performance Solutions’ 2021 Higher Education Financial Technology Trends report reveals that finance leaders need more dynamic tools and technology to prepare for whatever lies ahead.
Report findings include:
- 45% perform quarterly re-forecasting, a 10% increase since 2019
- 55% say higher education lags other industries in adopting modern budgeting and financial planning tools
- 75% should be doing more to leverage financial and operational data to inform strategic decisions
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