Financial benchmarking helps senior managers to understand their college’s finances in an unrivalled level of detail.
Reliable, objective and independently validated comparative data helps managers see the financial performance of other colleges; informing financial and strategic decision-making.
On average, our benchmarking customers identify potential savings equivalent to 3% of college income; with many of our customers saving £millions.
Benchmarking delivers 20,000% ROI
(An anonymised case study of one college's Benchmarking journey)
"An incredibly useful and insightful exercise and helped us to significantly improve our financial position."
Watch: An introduction to College Benchmarking
Preparing a business case for Area Review
Following the announcement of the area reviews, Tribal's Benchmarking Services are being used by individual colleges and regional groups of colleges to assess their finances in preparation for the opportunities and threats resulting from the review process.
Benchmarking is a proven approach to building financial resilience in colleges, delivering impartial detailed analysis for strategic decision making:
Reveal an objective view of college finances
Address the Commissioner's focus on staffing costs and class sizes
Identify scope for financial improvements
Build a business case for your discussions with the FE College Commissioner and his advisers
"What If? planning tool:
Model the impact of financial change and assess how your budgeting figures compare to sector comparisons.
Did you know?
Typical potential realisable savings or reinvestment opportunities equivalent to 3% of provider turnover