Together, achieving more…
We think experience should be a shared asset.
Get the clarity you need to make confident decisions about your school’s financial future.
CFO Colleague is a financial and operational advisory firm specializing in higher education. After years of working on the financial front lines of small private colleges across the country, we’ve amassed a collection of best practices, smart metrics and time-tested forecasting tools to help you get your financial house in order. We’re not just “consultants.” We’re fellow CFOs who want to share what works and save you from what doesn’t.
Our Areas of Expertise
Budgeting/Forecasting
Go from predictably awful to awfully predictable
Whether you’re tired of justifying your data or cringe at playing department diplomat when the funding requests roll in, putting together the budget is a task many CFOs dread. But it doesn’t have to be. In fact, we’ve found that higher ed is one of the easiest industries to predict. More than 80 institutions have overhauled their budgeting and forecasting process with our free multi-year forecasting model. Interactive, transparent and above all, accurate, COMP4cast gets your entire team on the same page by answering “What if?” questions in real time.
Interim Leadership
Turn a point of transition into a period of transformation
The departure of a CFO can usher in equal parts opportunity and anxiety. While you may relish the chance to change course, you know it’s unwise to leave your operational ship without a captain for long. Engaging an interim CFO can help you tackle both. We’ll take the helm until the right replacement is found, giving you the breathing room to recruit a talented candidate whose mission aligns with your own. Along the way, we’ll overhaul inefficient processes and implement best practices to pave the way for a smooth transition.
Turnaround
“Another small college to close” doesn’t have to be your headline
Confronted with an unambiguously grim financial outlook, you feel like the captain of the Titanic, iceberg warning in hand. You may have executed your fair share of panic-driven cost-cutting measures in the past, only to find yourself in the same uncomfortable position yet again. So, now what? If you’re facing a turnaround, partner with an advisor who knows the way out. Using our unique set of metrics, we’ll help you identify areas of drag and promise to plot a prosperous way forward for your institution.
Grow with best practices gleaned from more than 80 schools.
- Price Reset Consulting
- Marginal Revenue Analysis
- Campus Dining Optimization
Who we’ve helped
See what our colleagues have to say
Our take on the current reality of higher ed
To Retain Control, GapSource
As CFOs and their teams prep for the annual audit, some reflection is warranted. How much of what you are frantically trying to analyze and tie out could have been updated at an earlier time or kept current throughout the year? What keeps you from...
What we charge and what it costs. Why the disconnect?
Academically gifted students tend to gravitate toward higher cost programs and benefit from out-sized merit awards, bringing what they pay down substantially.
Tuition Discounting and Strategy
With the latest NACUBO survey reporting an average discount rate for private schools exceeding 50% and other analyses showing softness in student demand, one has to wonder how these two factors will play out. In our experience with over eighty schools of various...
Higher Education and … Harley? Lessons from a market laggard
There are certain brands that have been around for our lifetime and that of our grandparents. Think of Ford, General Electric, IBM and the venerable Harley Davidson. While each has survived decades of depression, war, energy crises, credit implosion and...
When a Lawyer isn’t Enough
An attorney friend specializes in health care and higher education. His assistance has been invaluable, ensuring that contractual provisions don’t put us in a legal trap at some future point. He will tell you, however, that the work performed by his firm...