My Industry is... Higher Education
Like many US industries, higher education is feeling the pinch of the financial crisis and economic downturn. With more Americans choosing to return to school or opting to attend school longer, many colleges and universities are struggling to build and maintain the right amount of brick and mortar facilities to meet the growing demand. As the backlog of deferred maintenance continues to grow, budgets are shrinking and the pressures to do more with less are becoming the new “norm”.
Many organizations have invested in technology solutions either developed in house or commercially, but many do not have a true strategy in place with a detailed road map to help them achieve their goals. CFI focuses on creating solutions that positively impact the bottom line by utilizing the information contained within their various systems.
CFI has developed automated tools such as the Indirect Cost Recovery Survey. Tools like these generate and maintain one set of data and drawings, which can be multi-purposed and save an organization significant dollars and time in compliance reporting. This defensible information is then used to secure increased F & A rates for various institutions, representing millions of dollars in annual reimbursements.
