Institutions in Stage 3 incorporate long-range financial planning into their decision-making processes. This financial plan extends the university’s financial perspective to a 5-10 year horizon, captures the impact of strategic decisions, and supports their strategic goals.

Enterprise performance management (EPM) systems support long-range planning and enable a scenario-based approach to create a set of forward-looking financial statements, including the balance sheet and statement of cash flows.

Download this checklist to learn how we can help you transition to Stage 4.