STRATEGY FOR EFFECTIVE MANAGEMENT OF THE FINANCING PROCESS IN HIGHER EDUCATION INSTITUTIONS
Keywords:
Financial oversight, higher education institutions, strategic planning, transparency and accountability in financial management, activity monitoring.Abstract
This paper examines the effectiveness of financial monitoring as a strategic management instrument for improving the funding mechanisms of higher education institutions (HEIs). Amid global educational reforms and heightened accountability demands, higher education institutions under increasing pressure to guarantee financial sustainability, transparency, and performance-oriented resource allocation. Effective financial monitoring provides compliance with rules and strategic insights for optimising budget allocations and enhancing operational efficiency. This research utilises a mixed-methods methodology that integrates comparative analysis of global practices, comprehensive case studies from various institutional settings, and semi-structured interviews with financial administrators and policy specialists.
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