Higher Education

Private university avoids raising tuition by reducing non-instructional costs

CLIENT PROFILE:

  • Private University
  • 5,000 Students
  • 600 Faculty Members

SCENARIO:

This private university was looking for unique ways to avoid the constant increase in tuition they had come to rely on. They turned to Silverback to help them with the non-instructional cost associated with running their university.

Action

The Silverback team “hit the books” to look for savings across four of their spend categories. Our experts collected and analyzed data from the previous 12 months across more than 8,000 transactions.

Results

Under Silverback’s tutelage, the university was able to reduce their annual expenses by almost a quarter of a million dollars. Our results include:

  • Copiers – 41% savings
  • Office Supplies – 34% savings with a $15K credit
  • Telecom – 52% savings
  • Janitorial Supplies – 12% savings

As you might imagine, this considerable reduction in expenses was able to mitigate the need to raise tuition.

Office Supplies

34% (+$15K)

Copiers

41%

Telecom

52%

Janitorial Supplies

12%

If you're ready to put a fresh set of eyes on your expenses, contact us.

2 + 1 =

We do the heavy lifting.
You enjoy the profits.

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