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Outsourcing Solutions for Higher Education
Higher education institutions are turning to outsourcing of their back office functions as a strategy to improve the student experience, reduce costs and improve accuracy. Through outsourcing, these institutions are able to improve focus, increase efficiency and gain insight into their strategic priorities. Educational institutions that outsource their back office functions to Core3 are freed from the day-to-day issues associated with these processes and can focus on optimizing enrollments and student satisfaction.
Higher education institutions that outsource to Core3 realize various benefits including:
• Increased management focus on students
• Reduced
process cycle times
• Enhanced student enrollment growth
• Improved
students' educational experience
Some of the services Core3 provides include:
| • Financial Aid Processing |
• Student Account Management |
| • Financial Reporting |
• Cash Management |
| • Operational Reporting |
• Payroll Processing |
| • General Accounting |
• Benefits Administration |
| • Accounts Payable |
• IT Management |
| • Vendor Management |
• IT Support |
We can customize key performance indicators and reporting tools including:
• Financial aid processing cycle time and cash flow
• Disbursements and A/R
tracking
• Outlining actual versus budgeted for
revenues and expenses
• Campus or division
profitability rankings
• Payroll head count
and turnover ratios
• Tracking of student
feedback and issues
Consulting Solutions for Higher Education
Core3 will help you manage your growth during peak times, assist with the collection of accounts receivables, improve operational processes and focus on regulatory compliance.
Core3's experienced team of on-site professionals will help decrease the risk around your primary revenue stream and eliminate management's financial aid back office burdens. We offer due diligence assistance by conducting people, process and technology assessments, analyzing your long term growth capability and identifying areas of operational risk. Let Core3 help ease the headaches of your daily operations so you can focus on providing a quality education to your students.
A Sampling of Core3's Higher Education Services Includes:
| • Accounts Receivable Collection |
• Financial Aid Disbursement & Refund Processing |
| • Process Optimization |
• Financial Aid File Review for Audit Preparation |
| • Transitional Support |
• Title IV Refund Processing |
| • Quality Assurance |
• Lender Management |
| • Interim Leadership Support |
• Regulatory Compliance |
| • Financial Aid Packaging |
• Student Account Management |
| • Financial Aid Loan Certification |
• Student Portal Implementation |
| • Financial Aid Compliance Training |
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Higher Education Case Studies
The following case studies highlight the services that Core3 has provided to a sampling of our higher education clients.
• Design and Technology School
• Culinary School
• Online Education Provider
Please contact Traci Danek at 602-643-1395 to learn how we can help you put the focus back on students, not process. |
