VFM: It’s about the value, not the money

With higher education institutions in England being required to report annually on value for money, universities need to raise their game when talking about what they do and how well they do it.

As funding gets tighter and competition for students becomes more intense, our higher education institutions are coming under increasing pressure to justify the public investment that they receive. So it is now more important than ever that we are able to explain clearly and effectively what we do and how we use the funding entrusted to us to create lasting value. Continue reading

The cost of things

I am a big fan of the ‘slow’ movement. For those not familiar with the concept, ‘slow’ is about doing things mindfully, taking the time to focus on what we are doing and making a conscious effort to do it well. ‘Slow food’, for example, encourages people to choose fresh, high quality ingredients, to cook them with care and to take the time to enjoy eating them, preferably with family or friends. Continue reading

Social Impact Bonds: What’s the deal?

They are being touted in some quarters as the solution to the funding crisis in public services. A way of bringing private sector investment to address social issues. Perhaps, even, as the successor to the Private Finance Initiative (PFI). But what are social impact bonds and how do they work? Continue reading

Three easy ways to cut travel costs

Travel costs might not form the biggest part of your organisation’s budget, but they are probably one of the easiest to cut. However, while restricting how much your people can travel may help to save money, it can also restrict their ability to do their jobs well. So before you cancel all off-site meetings or ban everyone from leaving the office altogether, try these three simple ideas. Continue reading

The era of best practice is over

It’s bad news for finance directors. When it comes to improving the finance function, there is no silver bullet. There is no super new technical wizardry or consultancy sleight of hand that will transform things overnight. And there is most definitely no such thing as best practice, no one-size-fits-all approach that will make your finance troubles go away. Continue reading