Education: making a difference with educational institutions

Did you know that there are many strategies specific to the education sector that can be deployed to maintain the highest quality of service to students, parents and your staff, while ensuring your enviable financial health?

Thanks to a multidisciplinary team dedicated to your sector of activity, you can concentrate on your mission: education! Every year, Mallette spends more than 6,500 hours auditing the financial statements of universities, CEGEPs, school service centres, colleges and public schools. Backed by this expertise, the Mallette team adds value by involving specialized resources that will help you answer a wide range of questions:

• Are there any programmes that could support you financially? ‍
  Although you're often backed by a foundation that supports your projects, why not make use of all the programmes available to you? Pavilions, gymnasiums, artificial pitches and much more have been completed thanks to contributions from various, often little-known programmes.

• Do you need to improve your range of related services?‍
  Are your students asking for specific extracurricular activities? Would it be a good idea to offer an in-house cafeteria service, or could the services of a caterer meet your needs? Over and above your direct income, what are the indirect benefits? Could you benefit from economies of scale or synergies? ‍

• What is the cost of your programmes?‍
  What are the total costs, marginal or otherwise, relating to the programmes you offer? Have you carried out a profitability analysis of your programmes, activities and services? Are you charging the right price? Can your clientele absorb the increase in fees and what would be the maximum degree of increase in fees?

• Should you open new classes?‍
  Are you hesitant about admitting students relegated to your waiting list? This is an important decision, involving opening new groups and reducing the number of pupils per class. Do you know how many pupils you need per group to cover your costs? How do you make this decision?‍

• Can you optimise your customer recruitment process?‍
  You are dependent on the demographic curve  so it becomes possible to forecast your customer potential for the next few years. How will you adapt? Does the cumbersome nature of your process put off some good students? Could you do better? A market study could help you decide.‍

• Do the controls in place ensure that you comply with the rules for awarding contracts?‍
  Your reputation is important and every dollar must be well invested. To ensure this, you have introduced processes, but are they generating the expected results?

• ‍Is your accounting process optimised?‍
  Your customer base is growing, your administrative resources are overworked or thinking of retiring : have you thought about optimising your accounting process, reviewing job descriptions or making the most of new IT solutions?

Thanks to the many tools developed by our experts, Mallette is a partner of choice for educational institutions. Our experts are able to support you in the important management decisions you face.

Mallette was also quick to position itself in supporting educational institutions with their claims under the Canada Emergency Wage Subsidy(CESG) and Canada Emergency Rental Subsidy (CERS) programs. The training sessions we organised helped you gain a good understanding of these programmes, and thanks to our interventions, the sums obtained were maximised.

We can help you. Contact us now.