The Finance & Control (FC) pillar has been tasked with achieving total savings of €6.6 million by 2029. Together with consultancy firm EY, we have investigated where potential savings can be made.
Of the €6.6 million, €6 million must come from the Procurement and Contract Management department. A separate process is underway here to realise savings by applying stricter procurement and better contract management to the university's procurement volume. The savings that can be realised in this way are an important element of the university's overall savings target.
Focus
For the remaining savings in the FC column, the hypotheses focus on the following:
- The bundling of administrative and repetitive tasks within the Administration function;
- The simplification, standardisation and (subsequently) automation and robotisation of administrative tasks;
- Standardising processes and (subsequently) applying more self-service and automation within the Control function;
- Automating accounts receivable and accounts payable tasks;
- An optimised or new ERP system.
Planning
Current status
Many hours and energy have been devoted to the deep dive (testing hypotheses) over the past few months. The cost-saving initiatives are currently being developed into a final report. The delivery date for this report is early December.