One of our specialist partners, S1 Consulting, work with universities and TAFE institutes across the country to help improve the value of student management systems, and the use ability for individual institutions to manage the student lifecycle and student experience.
Recently, they have been working closely with Microsoft, and international specialists in big data to apply the latest cloud analytics to the challenge of student retention and attrition management, and next month they are going to be launching their new Student Retention system at an event at our offices in Brisbane on 10th August.
I'll let Blake Burningham, the CRM Practice Lead for S1 Consulting, take over the story:
Education providers are losing millions of dollars from student drop outs every year. So we developed a solution....
S1 Consulting has partnered with Microsoft Australia to produce a revolutionary piece of CRM software. Based on a complex algorithm, our Student Retention module identifies at risk students, to limit drop outs, and the dramatic effect this has on the bottom line. Here’s an interesting statistic:
The average Australian University has 25,383 students enrolled, with a contribution of $12,500 per student, per year. Research by Microsoft has found an average dropout rate of 13.5%, equating to $43 million of lost revenue every year.
Reducing this rate by as little as 1% will earn universities an extra $3 million dollars every year.
To be part of the unveiling of our Student Retention module, please join us for our one day CRM Forum in Brisbane on the 10th of August. We'll also be demonstrating how our CRM technology can help you Recruit, Retain and better Maintain your customers.
We encourage you to register as early as possible by clicking here or calling 02 9887 3980.