Webinar: Learn How to Avoid the Pain of Budgeting Season

Each year you go through the same grueling, arduous process…formulate your inputs, crunch the numbers, run the outcomes, revise the data. It takes months of preparation, only for it to be outdated the minute you get into the new year. 

As defeating as that might feel, there is an easier way. There are steps to streamline the process, save time and have more accurate information on which to base your business decisions. 

Navigating the Turmoil: 4 Challenges Financial Institutions Must Address

One word adequately describes the current banking environment: turmoil. From a decreasing number of banks, high interest rates, emerging non-traditional competitors, and increasing regulatory burdens fueled by recent bank failures, financial institutions face monumental challenges.  

“It feels like we’ve been in a crazy environment since 2020,” said Chelsea Stephens, Director of Finance and Corporate Development at Origin Bank. Stephens was one of three finance leaders to speak at a recent panel discussion hosted by Syntellis.  

Webinar: Essential Strategies for Accurately Projecting Tuition Revenue

 

Colleges and universities’ financial performance depends largely on tuition revenue, but forecasting this revenue source accurately is a challenging and complex process in a constantly changing environment. In fact, tuition as a percentage of revenues at public colleges has doubled since 1980, reaching 42.1 % in 2021. At some institutions, that number rises to 79%.

In this webinar, we’ll share essential strategies for accurate tuition revenue projections, including:

Mitigate Risk Through Strategic Planning Processes

How agile is your institution? With high interest rates and inflation, it’s vital to prepare for market shifts by using key business drivers to identify short- and long-term scenarios. 

In this webinar, we walk through a use case demonstrating: 

  • What scenario planning really means – and what you should model in today’s environment 
  • Specific drivers you should look at, plus tips for incorporating driver assumptions to create meaningful scenarios 
  • How to understand the downstream effects of specific scenarios on your current forecast 

How to Combat Mounting Competition from Neobanks 

The rising popularity of neobanks threatens to draw valuable customers away from traditional banks, credit unions, and other financial services companies.   

At the same time, many financial institutions continue to battle the repercussions of rising interest rates and waning consumer trust fueled by the high-profile bank failures of early 2023. Consumers are more cognizant of where they keep their hard-earned dollars as a result.  

Advice for a Smooth Budgeting Season

Are you equipped to get through this year’s planning process?  

With a changing business environment and ever-increasing regulatory constraints, predicting margins and improving scalability can be challenging. A comprehensive tool, like Syntellis’ AxiomTM Planning solution, can help ease this unpredictability and pave the path to a better budgeting season.  

Watch this on-demand webinar to learn how to easily summarize and identify data trends and plan variances to help take your planning to the next level. 

You’ll hear about: