Financial forecasts involve more than basic dollars and cents. At the University of Central Florida College of Medicine (UCF), forecasts include a wide range of factors such as rises in tuition, clinical services revenue, and risk mitigation. Eventually, that forecast rolls into a full financial report for the Board of Trustees to review. But without a modern finance solution, the FP&A team struggled to produce dependable data within those reports, drill deeper into budgets and revenue drivers, and create more flexible financial forecasts. With Adaptive Insights, UCF was able to combine financial data and non-financial data to finally be able to create a unified plan for the college.
See this ROI Spotlight for the ROI realized by the university.
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