A new report finds UNC Chapel Hill could save millions by cutting back on bureaucracy.

The university has a significant amount of redundancy in its administration, according to a new report by Bain & Company.

It lists multiple ways Chapel Hill can reduce costs by millions over the next few years

"A lot of these strategies are going to require us to change the way we do things," UNC Chapel Hill Chancellor Holden Thorp said. "We never really looked across our whole organization of 11,000 employees to see how things were organized in quite the way they did."

Earlier this year, UNC used an anonymous donation to hire Bain & Company to help reduce costs.

What they found was a university system full of complex redundancy and multiple layers of managers, more than half of whom are managing three people or fewer.

The study also found UNC's administrative spending per student is growing faster than academic spending.

"I think more than anything, they're opportunities," Board of trustees chairman Bob Winston said.

The suggestions in the report are crucial to not only save moneym, but Winston said they will also to take UNC into the future.

"We will begin now to take advantage of those opportunities to make the institution better and ultimately save money and make it a better place," Winston said.

It is the job of Chancellor Thorp to go through the 100 page report and use it to cut some of the fat.

"Carolina is very serious about making sure we do our business as responsibly as we possibly can in this time and in better economic times that will come later," Thorp said.

The report said UNC could save between $89 and $161 million, but officials said it is too soon to know which suggestions they'll take and which they won't.