Regents

About

Regent’s University London is London’s only independent, not-for-profit university, with a highly cosmopolitan community based in royal Regent’s Park and Marylebone. The university offers both UK and American-style degree programs in a wide range of fields, including business and management, finance, humanities, creative arts, social sciences and design.

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London’s Only Independent University Gains Actionable Insights to Enhance Student Experience

Faster, more efficient planning and analysis helps inform short and long-term decision making

Regent’s University London is London’s only independent, non-profit university.  With Adaptive Planning, the university moved to a model of continuous planning with a standardized system of record for financial performance, and ultimately increased a sense of ownership to financial performance with its budgets holders. Today Regent’s University London is conducting extensive short and long-term forecasting to extract all the drivers involved in the future financial health of the university.

Challenges

  • Inability to consolidate planning and budgeting data across seven schools and approximately 50 cost centres.
  • Distrust in the accuracy of data to extract meaningful insights
  • Limited ability to forecast

Results

  • Increased control over financial planning process with accurate and actionable data
  • Faster, more efficient planning and analysis involving all budget stakeholders
  • Improved decision-making capabilities involving short and long-term cash flow used for enhancing student experience

“Clear Plan built a budgeting model that reflected the needs of the university’s multi-disciplinary campus community operating across seven schools. Integrating existing account structures and providing briefing sessions helped speed up implementation and educate budget holders to the advantages of the new approach.”

CARL TEIGH, FINANCE DIRECTOR