New study shows top five concerns and solutions for HE CFOs

What’s on the minds of higher education CFOs in the UK?

In an exclusive survey, CACI and University Business spoke to finance professionals at UK universities and colleges to find out what the most pressing concerns for their financial planning are – and what aspects might help them to improve it.

The findings show that volatile student numbers and unsteady income streams are topping the list of current concerns. CACI and University Business therefore asked what software tools would most improve financial planning at UK HE institutions. Those surveyed ranked the ability to plan staff numbers as well as making accurate cost predictions down to a course level as the most sought after software improvements. 

The overall findings show that CFOs see the growing need for software that is capable of crunching the numbers in much greater detail. As we look ahead to the new academic year, and with the prospect of potential reforms to the UK’s higher education landscape on the horizon, improvements in financial forecasting are likely to be a focal point for many HE establishments. 

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