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Euna Budget, Powered by Questica, a leader in budget solutions for publicly funded organizations, launches Questica InTuition, a revenue model to empower Higher Education budget managers with the ability to easily forecast tuition revenue using the University of Delaware budget model.
Simply put, Questica InTuition takes inputs, makes calculations and produces outputs for revenue modeling that allows higher education budget managers to make complex forecasts quickly, easily and accurately.
Enrollment is a critical factor for education institutions and accurately predicting forecasted numbers allows for superior planning. The Euna Budget team worked with an existing higher education client to develop a model that was adapted from the noted academic paper, “University of Delaware Budget Model.” Questica InTuition uses historical enrollment patterns to estimate statistics like future enrollment per semester and determines budgets from tuition revenue that those enrollments will generate. The solution computes various tuition modelling scenarios and creates accurate trend reports for tuition costs on go-forward enrollment.
Clients that utilize Questica InTuition will work with a Euna Budget consultant who will implement the tool and provide training on its usage. The solution is delivered as a set of calculation templates within Euna Budget’s Advanced Calculation Engine (ACE) module, providing a highly configurable system.
The Questica InTuition Revenue Model is available as an additional tool in the Euna Budget software for Higher Education.