Auburn University uses PFM’s Whitebirch
With colleges and universities constantly juggling multiple financial challenges, Auburn University has become the 100th user to turn to an innovative cloud-based platform for help -- PFM’s Whitebirch Multi-Year Planning Software (Whitebirch), a preeminent solution specifically built for comprehensive, higher education financial modeling.“A lot of our really big ERP (enterprise resource planning) systems have not been built to help us forecast into the future,” said Kelli D. Shomaker, CPA, and Auburn’s Vice President for Business & Finance/CFO. “Those systems...
Philly's PFM offers financial planning tool for higher education
There was a time when executives at colleges and universities didn’t have to sweat every decision that affected the long-term financial health of their institutions.All they had to do was raise tuition rates for ever-increasing numbers of students.That time is gone, particularly in the Northeast and the Midwest, where the number of high school graduates is declining, forcing schools to be more careful with money when hiring faculty for a new program.“Everybody is pausing for these things today. They might not have in better years. These decisions are bigger because the margin for...
An Open Budget Book
Colleges and universities across the country have faced numerous fiscal challenges in recent years, including yo-yoing state appropriations, seesawing enrollment numbers, and a wide variety of deferred maintenance and capital needs. In most cases, those familiar challenges drive board members and other leaders to make difficult decisions—and the most important tool for making effective decisions is complete, reliable information.At the University of Massachusetts (UMass), the five-campus public university system in the Commonwealth of Massachusetts, we realized a few years ago that we...
Business Officer Magazine
Government Finance Officers Lack Confidence in Fiscal Projections
Brett Matteo, President of PFM Solutions, was featured in Bond Buyer discussing how financial officers of local governments can increase their confidence in fiscal projections.
The Week in Public Finance: A Rate Hike, Unpredictable Taxpayers and Stress-Testing Budgets
Brett Matteo, President of PFM Solutions presented original survey findings from WACUBO. He discussed how local governments should use financial modeling technology to change assumptions and evaluate impact levels.