Total Cost of Ownership – The High Value Choice for Higher Education
The Challenge
With increased competition for applicants and widespread concern over the rising cost of tuition, university and college leaders are under mounting pressure to offer more services while maintaining or lowering operating expenses. As information technology is often second only to salaries in university budgets, IT spending is being scrutinized like never before. Institutions need to know:
- How to capture more value from IT investments
- What factors to consider when calculating Total Cost of Ownership (TCO)
The Recommendation
Capturing a high return on technology investment is not simply a matter of selecting a well-priced solution. To realize the maximum value from IT spending, experts recommend that institutions do the following:
- Develop strong relationships with a small number of technology vendors
- Participate in product advisory and development groups to drive innovation
- Fully leverage the service and support offerings
- Enhance end-user knowledge and engagement through training and retraining
- Avoid creating custom code
Jenzabar’s Approach
Jenzabar offers an innovative, broad, and deep portfolio tailored to address the needs of administrative and academic departments across the campus and throughout the student lifecycle. Jenzabar partners closely with its active user community to continually evolve our solutions and services in step with the rapid pace of change in higher education. Continue reading…