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
Testimonilas

Quotes

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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