Tidemark to Reveal the Formula For How Universities Can Forecast the True Cost of Educating Each Student at NACUBO 2016
Tidemark’s third consecutive appearance at NACUBO demonstrates commitment to innovation in higher education budgeting and planning
REDWOOD CITY, Calif. – July 18, 2016 – Tidemark, maker of modern cloud business planning and enterprise analytics apps, today announced its third consecutive appearance at the annual meeting of National Association of College and University Business Officers (NACUBO), a membership organization representing more than 2,100 colleges and universities across the country. Set for July 16-19 in Montréal, Canada the event will include Tidemark higher-education customers from the Pacific Coast Conference (PAC 12), Conference USA (C-USA), Atlantic Coastal Conference (ACC), and others. Tidemark will showcase its award-winning higher-education app at booth #303 and hold a special dinner focused on next-generation planning for colleges and universities at the annual event.
Higher-education institutions of all sizes are undergoing challenges with their budgeting and capital planning, according to research that was revealed by NACUBO members in a range of decision-making positions including Chief Financial Officers, Department Chairs, and VPs of Finance and Administration, as well as Academic Affairs. More than half of organizations polled said the use of manual spreadsheets are “too time-consuming,” with 73 percent eyeing a change. In fact, there was significant disaffection with existing planning and budgeting systems, with many citing that current systems take too long and lacked timesaving automation. This significantly diminishes an institution’s ability to get to the data that matters most, often resulting in a gap between expected and actual costs for educating each student.
Tidemark higher-education customers utilize the platform to transform disparate planning processes, bringing into the fold collaboration and mobile-first design so visibility across the entire university exists for individuals on the operational and academic sides of the organization. With pre-packaged processes for revenue and capital planning, departmental budgeting, endowment and grant planning, institutions can gain the control they need to understand current budget and funding situations, correlate that to enrollment data, adjust forecasts on the fly, and predict multi-year scenarios and plans.
“By eliminating the silos in department planning, integrating data from all sources across the colleges and moving to real-time predictive modeling, universities can gain complete operational and financial control while better servicing their students,” said Christian Gheorghe, Founder and CEO of Tidemark. “When our customers tell us they’ve shaved months off their budget cycles and now have thorough visibility across all their schools, we can only thank them since their direct input has guided the development and roadmap of our higher-education application.”
Tidemark will display its award-winning application at booth #303 from July 17-19. Features in Forbes and Campus Technology Magazine, the platform has served as a modern foundation for a number of institutions moving from legacy systems to collaborative planning in the cloud. Tidemark will also hold a special event bringing together higher-education leaders, academics and budgeting office executives to discuss the latest trends and best practices for utilizing financial and operational data across the university. Forward: Next Generation Planning for Colleges and Universities will take place on Monday, July 18 from 5:30 pm to 9 pm at L'Auberge Saint-Gabriel, the oldest and most historic restaurant in Montréal.
NACUBO, founded in 1962, is a nonprofit professional organization representing chief administrative and financial officers at more than 2,100 colleges and universities across the country. NACUBO's mission is to advance the economic viability, business practices and support for higher education institutions in fulfillment of their missions. For more information, visit www.nacubo.org.
Tidemark is a new breed of enterprise performance management (EPM) software with its modern cloud and mobile-first design. Innovative higher-education institutions like Brown, George Washington, Stanford and the University of Miami, rely on the Tidemark platform and advanced analytics cloud to sharpen decision-making, reduce risk and improve business performance. Using Tidemark's unique, intuitive apps, decision-makers across the organization gain access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations from any device. Tidemark has offices throughout North America and Europe and is funded by Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital, Silicon Valley Bank and Workday. To learn more about Tidemark, please visit www.tidemark.com or follow us on Twitter @TidemarkEPM.
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