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.
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 were 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.
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.
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.
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 were 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.
Chief Operating Officer, Capital City College Group
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.
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.
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.
On average we identify opportunities for savings equivalent to 3% of university/college income.
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.
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.