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
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
“The efacs software provides us with a straightforward platform to
calculate our facilities and administrative rates,” said
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
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
Huron Consulting Group
Jennifer Frost Hennagir