The impact of a crisis: tips for tracking the effects on institutional operations
What’s the real impact of unexpected events on how Higher Education institutions operate? And just how far reaching are they?
For colleges and universities, easy and accurate tracking and analysis of operational impact is crucial. But how do you do this when you’re already so busy making sure you have solutions ready to minimize any disruption to students and faculty?
Any COVID-19 related activities, big or small, impact how you operate. Whether it’s refunding events and programs or extra spending on cleaning services to prevent the spread of the virus on campus, it’s essential to track these impacts so you can make data-driven decisions in both the short- and long-term to reduce risks, rethink cashflow and resource allocation, and even improve continuity planning to make sure your institution moves confidently into the future.
Knowing these impacts helps your finance and procurement offices, and helps decision-makers keep operations running smoothly. But it will also let you drive student experience in the future despite challenges.
This short video shows how you can use Unit4 ERP to do just that with easy-to-configure attributes. Giving you a full understanding of the consequences of this crisis on your institution and helping you prepare for the future. We show you, with sample demo data, how to track events and transactions and then analyze the data to see exactly what the impact is on your institution.
This is the time to get the most out of your technology to run a smarter institution in challenging times. Contact us directly, or email your account manager, with any questions about how you can implement this tip at your institution.