Monitoring Helps Keep Institutions on Target
Even before the budget for your college or university is approved at the highest level, it may already be showing its age as financial conditions change across campus or across geographies.
Establishing and following a monthly budget variance review process is a proven practice to stay on top of college or university finances and avoid budget gaps.
Read this e-book to learn the importance of budget variance reviews, who should be involved, and keys to success.
You’ll also learn about these best practices to establish variance reporting at your institution:
- Monitor and distribute variance reports
- View forecasted variance
- Collect variance comments
- Set up notifications/alerts