Higher education administrators and business officers gathered October 12-14 at the 9th annual International Millennium User Conference in Vancouver to focus on how they are using reporting and analytics to make better financial and operational decisions.
We wanted to share some of the core themes and insights discussed during the event:
1. Taking existing reporting systems and turning them into true executive dashboards
Administrators using Millennium’s FAST reporting and analytics software benefit from access to the information they need when they need it. With that now in place, they are increasingly interested in providing views into the data across the organization for better decision-making.
2. Using data for longer term trend and scenario analysis
With access to data, there is now the ability to do more trend and scenario analysis. This “what if” modeling helps with building the longer-term plan which was also the theme of this year’s annual NACUBO event in Montreal. Administrators and business officers can now make informed decisions based on the data vs. just answering questions.
3. Supporting new ways of communicating with students
Text messaging is increasingly the preferred method of communication by students and higher education institutions are struggling to communicate this way at scale. Institution-to-student and faculty-to-student communication is something we have deep experience around and we’ll be applying what we’ve done with email to text messaging. More to come on that soon!
You can learn more about Millennium and our FAST reporting and analytics software including scheduling a personalized demonstration here.