HelioCampus, a leading provider of data analytics solutions for higher education, today announced the launch of an updated product portfolio designed to help colleges and universities navigate today’s financial and operational pressures with greater clarity.

The new portfolio now includes two cost analytics products: Labor Cost Analytics (formerly the HelioCampus Benchmarking Consortium) and a new product, Academic Cost Analytics. These two products strengthen HelioCampus’ mission to empower higher education leaders with actionable data by providing deeper insight into their most critical cost drivers: labor and academic operations. 

“The laws of economics are undefeated, all time, and they are now undeniably shaping the future of higher education,” said HelioCampus CEO Darren Catalano. “With the current revenue outlook far from optimistic, the imperative for institutions is clear: it's time for the hard, strategic work of rationalizing cost structures and taking proactive measures. Through our tools, leaders can gain a granular understanding of their labor and program costs so they can do this work as carefully and strategically as possible.”

HelioCampus partners with hundreds of higher ed leaders, helping them use data analytics to drive net tuition revenue, manage costs and ensure learning outcomes. Through this work, the company has analyzed well over a quarter trillion dollars in labor spend data. 

With this deep experience and commitment to serving higher education’s financial leaders with trustworthy data, HelioCampus’s updated product portfolio is purpose-built to deliver the clarity, benchmarks, and insights institutions need to make smarter, faster decisions in a challenging financial environment.

Research-Supported Product Innovation

A HelioCampus research report revealed that labor cost management is a critical need for strategic planning, budget management and cost control.

An independent survey of 100 higher education finance leaders from R1 and R2 schools revealed the following: 

• 81% of surveyed financial leaders find faculty and staff labor cost data to be "very important" or "important.”
• 88% of surveyed financial leaders find internal benchmarks for labor cost data important for cost control.
• 76% of surveyed financial leaders find external benchmarks for labor cost data important for strategic financial planning.

The research points to a growing recognition that labor cost analytics is no longer a back-office function—it is now a strategic capability. Click here to learn more about the research. 

Product Overviews

Labor Cost Analytics provides precise insight into your labor investments through an activity-based view of your labor spend, visualized in our propriety platform.

Clients benefit from guided analyses from expert analysts in the following areas:

• Centralization and administrative insights
• Student support insights
• Staffing and retention insights
• Academic unit and faculty insights

Analyses can be benchmarked internally and externally, a feature that the research indicated is of high importance to financial leaders today. 

Academic Cost Analytics is a better way to manage program efficiency by turning financial data into program-level insights in a comprehensive data analytics platform. Expert analyses are delivered in the following areas:

• Contribution margin
• Course capacity and demand insights
• Instructor utilization and workload

Using HelioCampus’s unique methodology, Academic Cost Analytics clients tap into new ways of understanding their program portfolio. 

For more information about HelioCampus and their industry leading analytics products, visit www.heliocampus.com.