ACCORD provides critical methodologies that integrate academic and managerial perspectives in higher education, creating new models of academic and costing data that cannot be found in any other approach.
The complex world of higher education is made more so by calls for transparency and the challenge of funding. Institutions across the country are responding to trustees, parents, and students about the costs of their individual academic programs. As Congress and accrediting agencies move to demand both accountability and transparency, higher education institutions need more information for decision making and strategic planning in accommodating these demands. While there is no shortage of data on campuses, strategic planning of this type demands new and powerful data integration, creating new information pathways between the finance office, academic affairs, and enrollment management. No institution in the future will succeed in effective strategic planning without the type of detailed information regarding the individual costs and revenues for academic programs provided by ACCORD.
These unique approaches provide leadership solutions for strategic management decisions. ACCORD details costs, revenues, and financial yield ratios. This approach provides much clearer and more accurate understandings of costs and revenues in academic departments and programs in ways that have never been seen before. The resulting institutional financial portfolio permits an analysis of the fiscal yield on academic investment in programs and departments and permits managers to shape advancement, enrollment management, and program development and staffing strategies to maximize efficiency and improve fiscal performance.
In a fast-moving environment that requires increased levels of educational leadership, ACCORD has emerged as a new way to empower academic leaders to engage in strategic planning that enhances fiscal strength while serving institutional mission, merging business acumen and academic sensibilities. ACCORD is currently working with educational leaders and is available now to address your institution’s needs for these new models and information.