Parke Consulting Group

Outsourcing Business Operations

Outsourcing Business Operations

A strategic opportunity to leverage the post covid-19 environment to save money while maintaining or improving the quality of business operations.

You will save money by outsourcing your business operations. If done right, you will maintain or even increase the quality of your services. Unfortunately, most CFOs are too busy with other critical projects to tackle outsourcing solely. As a result, we began offering this service to do the heavy lifting for you.

Although small-to-mid-size schools tend to benefit the most we have found that schools of all size should review the potential benefits of outsourcing aspects of its business operations. The most important factor to successfully outsourcing is having a strategic CFO/COO/Head of School who balances their school culture and the nuances of specific personnel with the potential cost savings.

For some schools, there may be substantial opportunities to pursue shared resources with other local peer schools. The potential of shared services will be included in our review.

Parke Consulting will:

  • Identify outsourcing possibilities that suit your priorities;

  • Create a menu of service options specific to your school that you can consider outsourcing, including an estimate of savings;

  • Be a sounding board to help you determine which options to pursue and when it might be best to pursue them; and

  • Develop an action plan that leads you through its implementation.

The following business operations activities are ripe for outsourcing or shared services arrangements with other peer schools:

  • Facilities - Groundskeeping, Housekeeping, Maintenance, Security, Fleet management, Capital project management, Deferred Maintenance tracking (Parke Consulting service), Campus Planning (Parke Consulting service)

  • Business Office - Human Resources, Accounting, Accounts Payable, Accounts Receivable, Payroll and Benefits administration,

  • Strategic CFO (Parke Consulting services) - Operations Dashboard, Operating Budget Development/Forecasting/Reporting, Financial Modeling, Debt Management, Risk Management

  • Technology - IT Infrastructure, IT Security, Help Desk, Academic Technology Integration/Innovation, IT Audit (Parke Consulting service)

  • Dining - Food Service Management, Sustainable Dining Programming (Parke Consulting service)

  • Health - Health Center/Nursing services, Wellness Programming (Parke Consulting service)