Universities are complex institutions that
balance public funding, responsible investment, and high-quality operations to
support tens of thousands of students, but as operating costs escalate, funding
and endowments erode, and tuition increases, TAFEs , colleges and universities
are faced with the challenge: do more with less.
Looking to more effectively deliver
services to their 100,000 students and staff, in 2011 Melbourne based Monash
University, which operates four campuses in Melbourne, as well as campuses in
Italy, India and Malaysia, embarked on a shared services transformation
journey.
By centralising their Human Resources, IT
and Finance functions, and introducing automation elements into operations, the
higher education provider is successfully reducing costs, increasing efficiency
and driving operational excellence.
Ahead of the Shared Services for Higher
Education Summit 2019 we chat to Connie Mogg, Director, Research and Revenue Accounting Services at Monash University. In this article Connie
explores how Monash established a centralised shared services model and delves
into the benefits of investing in shared services in the higher education
space.
With Monash some eight years into their shared services transformation
journey Connie also shares her top tips and lessons learned from the process.
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