Temple becomes 150th user of PFM’s Whitebirch multi-year planning software

June 25, 2019 | PFM Solutions

With colleges and universities juggling a multitude of financial challenges, Temple University has become the 150th user to turn to an innovative cloud-based platform for help — PFM’s Whitebirch Multi-Year Planning Software (Whitebirch), a preeminent solution specifically built for comprehensive, higher education financial modeling.

“We’re excited to renew our relationship with PFM and transition to Whitebirch from Future Perfect,” said Ken Kaiser, Temple University Chief Financial Officer and Treasurer. “We’ve used Future Perfect for the past decade and it’s been a powerful tool supporting Temple’s strategic planning capabilities. It’s helped Temple make sound decisions. Whitebirch represents the next generation in financial modeling software and will undoubtedly enhance our ability to test, model and interpret Temple’s ever-growing array of operating and capital initiatives.”

Whitebirch is designed to deliver reliable, real time answers to critical questions, such as:

à How might a new pricing and discount strategy impact net student revenue?

à What is the best way to fund the capital plan?

à What amount of deferred maintenance can be comfortably funded from operations?

à Are we prepared to weather the next economic downturn? Do we have manageable risk exposure?

à How does the staffing plan and anticipated compensation growth impact the operating margin over the next three to five years?

à How might any or all of these issues affect our credit rating?

“We could not be prouder than to have an institution of Temple’s stature as the 150th subscriber to our platform,” said Brett Matteo, President of PFM Solutions LLC. “Our clients think that having a full-field view of their future financial position is mission-critical. Our ability to help CFOs and senior business leaders design and develop flexible forecasts is important in understanding and managing their institutions in an ever-changing environment.”

The Whitebirch platform provides financial officers at institutions with an easy-to-implement tool that can quickly conduct comprehensive multi-year analyses and sensitivity testing of major drivers, including revenue and expenses.

Increasingly, CFOs recognize the need to plan beyond the current budget year and adapt quickly to changes in their environment. This is certainly the case at Temple.

About PFM Solutions

PFM Solutions LLC focuses exclusively on developing and delivering best-of-breed financial modeling technology and services to public and private markets. Our professionals have a 10-year track record of helping clients with mission critical decision-making.

About PFM

At PFM, more than 650 employees – asset managers, financial advisors and consultants – partner with clients in every region of the country to transform their world. We combine superior financial advice, disciplined management and ingenuity to build, power, move and educate.

PFM is the marketing name for a group of affiliated companies providing a range of services. All services are provided through separate agreements with each company. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation.

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