In today’s turbulent economic environment, higher education leaders face uncertainty on multiple fronts. Net tuition revenue is flat. Traditional enrollment is shrinking. Cost pressure is relentless. Your margins are thin, but your resolve is firm. Excellence in education remains your top priority.
We understand how difficult it is to stay focused on your institution’s core mission amid today’s evolving, unpredictable landscape.
University presidents, chief financial officers and board leaders benefit from KSM’s entire multidisciplinary team. Our customized, problem-solving approach will enhance your understanding of the specific nature of your institution’s finances so you can communicate effectively, make timely, informed decisions and deliver the highest-quality instruction to your students.
Financial statements are unique. No bottom line tells the entire story. Here are six distinct ways our higher education specialists look beyond the balance sheet to provide the insights you need to keep your institution one step ahead of the curve.
Realizing the benefits of annual audits
Clients routinely benefit from our studied and customized approach. You bring us your complex financial audit and compliance challenges, and we provide you with a unique set of insights on how to overcome those challenges. We also make recommendations on system and procedural improvements that will help your institution to earn high marks for years to come.
Our team takes a hands-on approach with your board and other relevant leaders to ensure you have the financial data you need – and that the financial conditions pertaining to your institution are clearly communicated.
Profiting from a higher degree of risk management expertise
Effective risk prevention starts by having the right culture. We help nurture that culture through assessment, interventions and training, so you can manage risk from financial, strategic and operational standpoints, and seize every opportunity. Moreover, we help you extract value from the process by prioritizing risks and evaluating approaches to mitigation.
We complement these improved risk management protocols by equipping your institution with the tools and practices it needs for continuous monitoring. The result is improved risk management and greater peace of mind.
Improving stewardship of your school’s financial performance
Trying to grasp the true financial status of your school? Need a crash course in higher education after transferring from another field? Learning not-for-profit accounting and reporting for the first time? We provide college presidents, chief financial officers and board members the insights they need to pass any test with flying colors. We accomplish this with one-on-one consulting, joint problem solving and leadership team coaching (including audit committee).
Our proven, innovative approach enables you to shorten your learning curve to improve your school’s financial performance.
Reclaiming your institution’s rightful place as head of the class
There are any number of financial issues and factors that can threaten the stability of today’s institutions of higher education. Our dedicated team will identify the sources of your institution’s challenges, pinpoint how to begin the turnaround process and then restore confidence, stability and vitality to your school.
We do this by organizing your leadership team around a series of smart goals and working directly with you to make sure these objectives are achieved. The stabilization of financial protocols is a critical part of this service.
Maximizing opportunity, minimizing compliance risk
You are no stranger to compliance issues related to scholarships, fellowships, unrelated business income, state and local tax and charitable gifts. We will make you feel like you have an advanced degree in compliance while broadening your knowledge of subjects such as garnering revenue, capitalizing on tax credits and entering into real estate joint ventures.
A syllabus of topics covered by our team includes: preparation and filing of federal returns; exempt status consulting; corporate sponsorship and royalty transaction structuring; and charitable trust services.
Protecting sensitive data and taking advantage of the latest IT innovations
No cramming is required to stay on top of your information technology needs. With KSM Consulting at your disposal, you do not have to worry about keeping IT projects on track, staying current with the latest technology updates and preventing costly breaches to your data security systems. Let our specialists put the latest IT advances to work for you.
Our team offers a suite of services that includes: IT assessment; IT strategy and planning; network services; project management and rescue; independent verification and validation; and technology products and solutions.