Universities face unprecedented budget pressures as state funding shrinks, federal research grants become uncertain, and public scrutiny intensifies. Traditional cost-cutting methods, like hiring freezes or enrollment reductions, risk long-term damage. A more sustainable path forward involves strategically consolidating administrative functions through Shared Services.
In this article, we explore:
✔ Why adopting Shared Services is now critical - and how recent funding challenges have pushed universities to act immediately.
✔ Proven case studies showcasing real-world savings and improved efficiency from institutions like Texas Tech, Oregon State, and the University System of Georgia.
✔ The policy and governance landscape universities must navigate, from state incentives and oversight challenges to federal funding volatility.
✔ How leading institutions overcome resistance and barriers to achieve stakeholder buy-in and successfully implement Shared Services.