Identifying Solutions for Continuous Improvement
Founded in 1884, Temple University is a research intensive institution with an enrollment of over 37,000 students. After experiencing ongoing reductions in state support, Temple engaged Fox Management Consulting to evaluate new initiatives that will allow Temple to maintain its support of the University’s mission in the most efficient and cost effective manner. Fox MC’s recommendations provided key pieces of infrastructure necessary to support Temple in achieving its research goals as well as creating a significant increase in cash flow. Read more.
Procurement to Payment Study
Temple University is a state supported, public Research I university with an international reach and enrollment of over 37,000 students. Temple University Controller’s Office engaged Fox Management Consulting to identify areas of improvement in its current Procure to Pay (P2P) practices. The Controller’s Office was provided several recommendations to mature P2P functions for the University. Read more.
Identifying University Treasury Best Practices
The Temple University Treasury Department, reporting to the CFO and Treasurer, is responsible for cash management, bank relationships, borrowing, credit ratings, short-term investments, and institutional liquidity. Fox Management Consulting conducted a study of best practices and organizational structure and design among peer universities and corporations of similar sizes. After the project’s conclusion, the TU Treasury received approval to allocate $200,000 to implement Fox MC’s recommendations. Read more.
Investigating New Market Opportunities
The Reinvestment Fund (TRF) builds wealth and opportunity for low-wealth people and places through the promotion of socially and environmentally responsible development. Fox Management Consulting worked with The Reinvestment Fund to investigate new growth areas and develop a business plan for successfully targeting those markets. TRF implemented many of the team’s recommendations, which resulted in $250,000 of new loans. Read more.
Increasing Capital for the Sustainable Agricultural Sector
MidAtlantic Farm Credit (MidAtlantic) is a lending cooperative with a mission to make agricultural credit accessible to all who are creditworthy. Fox Management Consulting was enlisted to research the emerging sector of organic, sustainable, and local farmers to better understand their needs as MidAtlantic’s potential customers. Fox MC provided a research report that highlighted the opportunities and challenges for this new generation lending space, a strategy recommendation for how to target the new generation farmers, and a credit model and guide for loan officers to assess loan candidates. Read More.
Solutions for a Smaller Firm
BI-SAM provides a comprehensive software solution for performance, attribution, risk, and reporting for financial services. Fox Management Consulting was engaged to assess the potential success of BI-SAM’s proposed offering for smaller firms. BI-SAM was provided with a marketing plan that detailed specific short, medium and long-term action items to help reach out to new markets, create a need for their products and acquire profitable customers. Read more.
Cross-selling through Industry Specialization for a P&C Insurance
The ACE Group is a global leader in insurance and reinsurance. Fox Management Consulting worked with the ACE Group to identify existing cross-buying that could be leveraged as part of an industry focused cross initiative. Fox MC provided ACE with an operating model to endure success of the industry specialized initiative. Read more.