Tap Into The Power Of Peer Perspective

Transcription

1 AcademicBenchmarking C O N S O R T I U M Tap Into The Power Of Peer Perspective F I N D I N G S T R E N G T H I N N U M B E R S

2 ABC Insights Platform Actionable Benchmark Data Every university deserves easy access to benchmark data that are standardized in a meaningful, intuitive way, trended over time and comparable to relevant peers. 1 ABC University X Sample Insights Report: Finance FY 2014 BENCHMARKING MAP VERIFY Hi Steve? Cost Per FTE Employee (ABC) By Activity Select Ppers Select Schools Display Peer Names Area Wage Index Analysis Factor FTE Employees ABC Gain insights from intuitive data visualizations like these. EXAMPLE 1 How do my university s departments stack up against peers? EXAMPLE 2 Which services are operating less than optimally? EXAMPLE 3 How much do we spend in labor dollars on accounts payable in each unit? 2 $6K $5K $4K $3K $2K $1K 0 $800 $700 $600 $500 $400 $4.6K ABC Cost Per FTE Employee (ABC) : Finance By Sub Activity $697 $5K Facilities $570 $4.4K $4.2K Information Technology University X Sample Insights Report: Finance FY 2014 BENCHMARKING MAP VERIFY Hi Steve? Select Peers Select Schools Display Peer Names Area Wage Index Analysis Factor FTE Employees ABC $582 $393 $3.1K $3.1K Finance $440 $533 $2.7K $2.2K Student Services $446 $439 $1.6K $1.1K Communications $408 $394 $1.5K $312K Develpment University XL Outsourced Contracts University XL Shared Services University XL Decentral University XL Central Peers Outsourced Contracts Peers Shared Services Peers Decentral Peers Central $1.3K $1.3K Human Resources $889K 1.5K Research Administration Cost per FTE Employee (ABC) University XL Outsourced Contracts University XL Shared Services University XL Decentral University XL Central Peers Outsourced Contracts Peers Shared Services Peers Decentral Peers Central $300 $304 $200 $241 $199 $223 $200 $100 $104 CASE STUDY 0 Accounts Payable Procurement General Accounting Buget and Financial Planning Other Financial Reporting Payroll Processing Included School: Student Accounts All Schools/Divisions Breakthrough discoveries thanks to accurate comparisons When a foremost research university tapped ABC Insights to make apples-to-apples data comparisons, they made significant discoveries. Immediately, they could see that development investment per employee was higher than their peers, but switching to an analysis factor that was a better match for development -- total funds raised -- revealed that they were actually more efficient than their peers. 3 The School of Engineering spent about $1.2 million in annual AP effort during FY14 Finance: Accounts Payable Cost By School/Unit Activities Sub Activities Group By Finance Accounts Payable Salary School of Engineering Vice President for Research College of Natural Sciences College of Education College of Liberal Arts Vice President of University Operations Vice Presiden of Student Affairs Vice President and Chief Financial Officer Provosts Office School of Geology School of Business Athletics Law School College of Pharmarcy College of Communication School of Public Affairs College of Fine Arts Vice President of Diversity and Community Engagement School of Nursing Development Office School of Social Work Office of the President Graduate Studies Undergraduate Studies School of Architecture Vice President of Legal Affairs Medical School School of Information Science $0 $100K $200K $2300K $400K $500K $600K $700K $800K $900K $1M $1M $1M $1M Finance Cost

3 ABC METHODOLOGY DATA SUBMISSION ALGORITHMIC MAPPING NORMALIZED REPORTING DELIVERED Payroll Records University Analysis Factors Department Analysis Factors ABC Analytical Platform Benchmarking Reports Strategic Implementation Recommendations External Contract Details ABC Insights - Standard Activity Model (SAM) We organize key labor expenses into a straightforward, consistent model for insight into how you compare to both internal units and external peers. For the first time in higher education, activity-based costs are also analyzed and reported as: centralized, decentralized, shared services and outsourced. Additionally, all data can be normalized at any time with analysis factors such as FTEs, # Students, Operating Expense, Development Funds Raised, Building Square Footage, etc. FINANCE Accounts Payable Budget and Financial Planning Financial Reporting General Accounting Payroll Processing Procurement Student Accounts HUMAN RESOURCES Benefits Classification and Compensation Employee and Labor Relations Hiring Training INFORMATION TECHNOLOGY Application Development Education Technologies Infrastructure and Operations Security and Privacy User Support FACILITIES Capital Planning and Management Construction Services, Building Maintenance and Repair Dining Services Energy and Utilities Environmental Health and Safety Grounds Housekeeping Public Safety Transportation RESEARCH ADMINISTRATION Pre-Award Post-Award Research Compliance COMMUNICATIONS Marketing and Communication Media Relations DEVELOPMENT Alumni Relations Fund Raising Prospect Management, Research and Analytics STUDENT SERVICES Academic Advising Admissions Career Sevices Diversity Financial Aid International Programs Recreational Services Registration Residential Services

4 Charter Members This ABC Insights platform is going to change the conversation in higher education. Rosemarie Rae Associate Vice Chancellor and Chief Financial Officer University of California - Berkeley New capabilities for consortium members: For the first time, external benchmarking that ensures consistency in costs classification and organizational structure Trended tracking of non-faculty personnel costs, with the ability to adjust for area wage disparities Internal benchmarking by activity, analysis factor, outcomes and units Trended data to evaluate the impact of consulting, shared services and outsourcing initiatives Please visit our website, abc-insights.com, to see our full list of members. Academic Benchmarking Consortium and my external consultants are complementary and synergistic. They form an outstanding team in our pursuit of operational excellence. Take advantage of these ABC membership features: When you join the consortium, you ll have immediate access to an outstanding community of innovative university business officers. You ll benefit from our: 100% cloud-based, 24x7 secure mobile access to the ABC Insights platform Dedicated Client Services Manager (CSM) Participation in moderated peer benchmarking summits Matthew M Fajack Vice Chancellor for Finance and Administration University of North Carolina at Chapel Hill

5 AcademicBenchmarking C O N S O R T I U M Explore the possibilities Join the Academic Benchmarking Consortium CONTACT Steven M. Beisser, President and Co-founder Academic Benchmarking Consortium Inc. 300 Market St, Suite 117, Chapel Hill, NC steve@abc-insights.com abc-insights.com