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.
We do the heavy lifting.
You enjoy the profits.
CONTACT US
317.580.8440
info@getsilverback.com