Analyse over 750 benchmark metrics to inform your strategic financial planning and make smarter investment and savings decisions

Tribal Benchmarking provides comparative analysis of your resources, giving you the financial insight you need to challenge stakeholder assumptions and drive organisational investment. With separate benchmarking models used for universities and colleges, you benefit from sector specific comparisons. Our consultants work onsite to collect data, and deliver detailed presentations to help you improve buy-in and ensure report findings are fully understood.

Features

Informing institutional strategy

  • Comprehensive resource analysis

    • Reveal the real cost of delivering each area of operation
    • Identify opportunities for financial savings
    • Confirm specific investment needs
  • Sector specific comparison

    • Compare against sector trends, peer groups and “best practice”
    • Evaluate distance travelled by comparing year on year performance
    • Compare the performance of teaching departments against sector benchmarks
  • Service Effectiveness

    • Assess effectiveness of Support Services
    • Align service effectiveness analysis with financial analysis to produce an assessment of value for money
    • Use combined analysis as a powerful tool to drive change
  • Preparing for the future

    • Shape your cost base to improve student outcomes
    • Model the impact of future financial change
    • Support budget setting to achieve financial and educational targets

What Our Customers Say

The approach Tribal employed was efficient and effective with them doing a lot of the heavy lifting, which helped our internal teams to accommodate the process. Tribal was able to provide comparisons that were particularly useful in understanding our results. Along with some new messages brought to light, the process confirmed many of our expectations and the executive team appreciated the objectivity of Tribal’s voice - the presentation delivered by Tribal was focused and engaging. All in all, it was a worthwhile process which we agreed offered excellent value for money. We look forward to our next project.

Ian Rule Interim Director of Finance, Barnet & Southgate College

We turned to Tribal to help us improve our cost base, following continued cuts in our adult skills grants. Tribal responded extremely quickly; as a result, we were able to remove £14m of pay and non-pay costs immediately with a view to further reductions over time. This has helped significantly improve our financial position.

Louise Jones Chief Operating Officer, Birmingham Metropolitan College

I found that the process and methodology adopted was very robust and the findings clearly communicated at both summary and detailed level. The team were very professional and provided clear and concise insight into the results and the key challenges that were needed to be addressed.

Peter Hope Chief Financial Officer, Ulster University

The messages presented by Tribal have increased a collective appreciation of the Group’s position. Having these delivered via an independent and objective voice has helped focus minds on the importance of the information and how this can help shape how we address the significant challenges we are facing. A very distinctive advantage was the how quickly Tribal was able to provide outputs particularly as we had entered into our strategic planning process for 2018-19. Benchmarking is now embedded as part of the College’s ongoing continuous improvement journey and we are hopeful, with Tribal’s help, the next exercise may provide an opportunity for a more collaborative approach within the region to self-evaluation.

Nirmal Borkhataria Chief Operating Officer, Capital City College Group
CASE STUDY

University of Nottingham

The University of Nottingham has been a customer of Tribal’s Financial Benchmarking for the last three years, aiming to positively impact the financial performance of the university to ultimately keep improving student performance.

 

FAQs

  • How is the service delivered?

    Data collection and categorisation is carried out onsite by our experienced consultants, and results are delivered through onsite feedback presentations and through our Benchmark+ web portal.

  • How long does a project take?

    It depends on the size of the university or college. Commonly a project will take 2-4 months from start to finish, including 20-30 person days supplied by Tribal consultants.

  • What’s the return on investment?

    On average we identify opportunities for savings equivalent to 3% of university/college income.

  • How much does Benchmarking Analysis cost?

    It depends on the size of the university or college. The average cost of a project for university is £45,000 + expenses + VAT. Average college cost is £15,000 + expenses + VAT.

  • What about confidentiality?

    The sensitive nature of much of the data that we require means that encrypted file transfer is essential. Securesend removes the risk associated with data transfer by unencrypted email, and has the additional benefit of being able to reliably handle large files.

    Your results will feed into the Tribal databank to form part of our anonymous comparator averages; we will never share your results individually.

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