Are You on Track to Meeting Your Enrollment Goals Today?
September 9, 2024
The latest release of 3E ForwardIQ Forecast, the only platform in higher education that provides a data-driven 3-year enrollment run rate view, market strategy scenario planning, and the most accurate daily enrollment forecasting model in higher education, has been introduced.
3E ForwardIQ Forecast with Pace to Goal is a SaaS platform designed specifically for higher education institutions to provide the most accurate daily enrollment forecasting. This platform offers several new capabilities to help institutions stay on track to meet their enrollment goals.
Amid dramatic changes in higher education, predictive model-based planning approaches are failing, and velocity modeling is the most accurate approach to building an enrollment forecast.
Nicole Focareto, 3E’s Senior Vice President of Product Strategy, Client Experience & Operations, shares:
“While meeting institutional leaders across the country, we noticed a common problem with their strategic enrollment planning: the available tools for forecasting enrollment put leaders in a very reactive rather than proactive position, diminishing their chances of hitting enrollment goals.”
She explains that when she was the Chief Enrollment Officer,
“I used an Excel document to forecast using the pace-to-goal model. Now, we have an easy-to-use platform for 3E clients to understand their velocity to meet goals today. There’s no waiting for the end of the week; 3E ForwardIQ Forecast with Pace to Goal allows us to bring the most accurate enrollment forecast into reality.”
Key Elements of 3E ForwardIQ Forecast – Pace to Goal Forecasting
- Pace to Goal Tracking: Measures the day-to-day velocity of applications, admits, and deposits, providing a real-time understanding of whether your institution is on track to meet its enrollment goals. It allows institutions to make timely adjustments to their strategies to influence their enrollment outcomes.
- Daily Enrollment Forecasting: Unlike traditional week-over-week or year-over-year comparisons, the 3E ForwardIQ Forecast provides daily updates, allowing for a more responsive approach to managing enrollment numbers.
- Data-Driven Market Insights: The platform can easily generate pace to goal forecasts based on each of your last three years. 3E ForwardIQ Forecast will also show your forecast against your run rate or market expectations to show you whether you are gaining, stable, or losing share in your market.
Benefits of Using 3E ForwardIQ Forecast with Pace to Goal.
- Immediate Insight into Enrollment Progress: The daily updates provide immediate insight, enabling quicker decision-making. Institutions don’t have to wait to know if they are on the right path to meeting their goals. Understanding the velocity needed each week to reach targeted forecast goals significantly improves your chances of hitting them.
- Informed Strategic Adjustments: With accurate, data-driven insights, institutions can decide early on whether to increase outreach efforts, add more events, or expand into new markets.
- Enhanced Planning and Strategy: The platform’s forecasting ability helps institutions plan more effectively, allowing them to allocate resources efficiently and adjust their marketing strategies based on real-time data.
What sets 3E ForwardIQ Forecast with the new capabilities of Pace to Goal apart is its ability to deliver the most accurate daily enrollment forecast. 3E has used this model for the past six years and it has proven to be more accurate than week-over-week or year-over-year forecasts. This has helped 3E deliver market-leading enrollment results.
Learn more about 3E ForwardIQ Forecast with Pace to Goal.
About 3 Enrollment Marketing, Inc.
3 Enrollment Marketing Inc. is one of the largest enrollment marketing solution providers in higher education. Our comprehensive, tech-enabled solutions are designed to break through the noise and drive action from digital natives and their influencers. Utilizing 3E’s Experience Platform, campaigns are personal and interactive. Over the past six years 80% of 3E’s clients have experienced application and deposit growth.
If you want to learn more about how 3E ForwardIQ Forecast with Pace to Goal can help your institution stay on track with enrollment pipeline goals, visit their website for additional details. Schedule a demo today!
https://3enrollment.com
https://www.linkedin.com/company/3enrollment
