University Business LogoBy John Lenckos. To confront today’s financial challenges, every college and university needs to create more operational efficiency. Some of these efficiencies start in the business office.
For instance, key aspects of higher education financial management are paper-intensive and outdated —a stark contrast to the first-class technology used in campus classrooms. A primary target for business officers should be eliminating paper checks, which simply are not efficient -- in terms of money or time -- for vendor payments, student tuition refunds, or employee payroll. More...