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Much has been said of the need for digital transformation within institutions of higher education — and of the need for aligned leadership in bringing such transformation to fruition. But, the importance of one leader in particular has garnered little discussion: the chief financial officer. As institutions seek to finance such large-scale change, the CFO plays an integral part in finding, creating, and allocating the necessary funds. As campuses seek to evolve, how is the role of the CFO changing?
"Finding the Money to Transform" shares the stories of transformational CFOs and how their roles have changed most in recent years.
"Finding the Money to Transform" shares the stories of transformational CFOs and how their roles have changed most in recent years.
- More hours, accelerated pace. As institutions continue to push for more technology changes, CFOs are finding the need to carve out more time to educate themselves.
- Changing financial priorities. As federal Covid funding dries up, more colleges will be faced with the decision of whether to spend more on campus improvements or digital learning enhancements.
- Addressing tech debt and long-term digital maintenance. For years, colleges deferred the maintenance and upgrades of their technology platforms, leaving them with obsolete and inefficient solutions. Now, colleges must rush to catch up and weigh the financial costs.
- Using technology to cut costs. CFOs are turning to technology tools to find new ways to enhance efficiency and cut costs.
- Hiring the right people. Though campus leaders are excited about the possibilities that new technologies offer, the challenge of finding and hiring enough tech-savvy employees to keep them running remains a major hurdle.
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Much has been said of the need for digital transformation within institutions of higher education — and of the need for aligned leadership in bringing such transformation to fruition. But, the importance of one leader in particular has garnered little discussion: the chief financial officer. As institutions seek to finance such large-scale change, the CFO plays an integral part in finding, creating, and allocating the necessary funds. As campuses seek to evolve, how is the role of the CFO changing?
"Finding the Money to Transform" shares the stories of transformational CFOs and how their roles have changed most in recent years.
"Finding the Money to Transform" shares the stories of transformational CFOs and how their roles have changed most in recent years.
- More hours, accelerated pace. As institutions continue to push for more technology changes, CFOs are finding the need to carve out more time to educate themselves.
- Changing financial priorities. As federal Covid funding dries up, more colleges will be faced with the decision of whether to spend more on campus improvements or digital learning enhancements.
- Addressing tech debt and long-term digital maintenance. For years, colleges deferred the maintenance and upgrades of their technology platforms, leaving them with obsolete and inefficient solutions. Now, colleges must rush to catch up and weigh the financial costs.
- Using technology to cut costs. CFOs are turning to technology tools to find new ways to enhance efficiency and cut costs.
- Hiring the right people. Though campus leaders are excited about the possibilities that new technologies offer, the challenge of finding and hiring enough tech-savvy employees to keep them running remains a major hurdle.
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