Huron Consulting Group Introduces its efacs™ Solution at Three Academic Research Institutions

Huron Education Software Helps Universities and Academic Medical Centers Calculate and Manage Facilities and Administrative Cost Rates

CHICAGO--(BUSINESS WIRE)--Dec. 14, 2011-- Huron Consulting Group (NASDAQ: HURN), a leading provider of business consulting services, today announced that three academic research institutions – University of Central Florida, University of Nebraska Medical Center, and University of Nevada, Las Vegas – are deploying its recently introduced web-based efacs™ (electronic facilities and administrative cost system) solution.

In today’s challenging economy, more institutions are turning to Huron’s higher education solutions, including the efacs solution, to optimize reimbursements from external sponsors to support the research enterprise. University of Central Florida, University of Nebraska Medical Center, and University of Nevada, Las Vegas are currently using Huron’s efacs solution and expertise to calculate their facilities and administrative (F&A) cost rates.

“The efacs software provides us with a straightforward platform to calculate our facilities and administrative rates,” said Doug Backman, director of compliance in the Office of Research & Commercialization, University of Central Florida. “We look forward to using the efacs solution and further developing our partnership with Huron.”

Huron’s efacs solution takes into account the specific needs of universities and academic medical centers (AMCs) that require a sophisticated tool to measure, track, and ultimately improve the recovery of their F&A costs. Institutions either license the software or retain Huron Education personnel to manage the process utilizing the efacs solution. Working with an institution’s existing system, the efacs solution does not require expensive maintenance or complex setup.

“Optimizing F&A reimbursement is a critical component for financial success in the short and long term at higher education institutions across the country,” said Michael M. Smith, managing director, Huron Education. “Huron’s efacs solution streamlines the complex process of calculating costs – and makes negotiating favorable rates easier.”

Huron’s efacs solution is web-based and written in Java, the most commonly used platform at higher education institutions. It produces the schedules necessary for inclusion in the institution’s F&A cost rate proposal, and its design utilizes tools and structures already in place at most institutions. In addition, the efacs solution is supported by Huron Education experts and resources. Learn more at www.huronconsultinggroup.com/efacs.

About Huron Education

Huron Education is the premier provider serving the unique needs of the higher education industry. Our team of professionals, each with extensive knowledge and experience in the business of higher education and academic medical centers, delivers comprehensive services to the industry and partners with institutions to improve business performance across the enterprise. Our professionals draw from their experience working in the strategic, financial, operational, and regulatory aspects of higher education to develop and implement the most effective consulting and software solutions. Huron Education has helped more than 90 of the nation’s top 100 research institutions improve their performance so they can continue their traditions of extraordinary achievement. Learn more at www.huronconsultinggroup.com/highereducation or follow us on Twitter: @Huron

About Huron Consulting Group

Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, reduce costs, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, Fortune 500 companies, leading academic institutions, medium-sized businesses, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.

Source: Huron Consulting Group

Huron Consulting Group
Jennifer Frost Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com

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