The Portland-based company offers a streamlined, flexible budgeting platform specifically designed to meet the financial planning needs of academic institutions
July 8th, 2014 – Portland, OR – Axiom EPM, a leading provider of cloud-based financial planning and performance management software, today announced an increase in demand for its higher education performance management solutions. Axiom EPM’s highly scalable solutions address the comprehensive financial planning and analysis needs of both public and private institutions. Select new clients include Yale University, Stanford University, Tufts University and University College London.
The unique challenges that face today’s higher education institutions require finance teams to not only better manage their costs, but also to gain visibility and insight into their various income sources. This improved visibility drives decision making by showing the true costs of delivering student outcomes across academic and administrative areas and allowing institutions to optimize the use of resources to the highest value activities.
“Our higher education customers find tremendous value in our solutions,” said Peri Pierone, Axiom EPM President. “Through several in-depth evaluations, we have been able to prove the strength of our platform in handling the many complexities universities face in various forms of planning and analysis. We continue to differentiate ourselves in the market by delivering sophisticated solutions that are both easy to use and meet the unique challenges of higher education.”
Axiom EPM’s integrated platform of planning solutions enables higher education finance teams to streamline processes institution-wide by consolidating both financial and nonfinancial data from multiple sources, from which detailed department or executive-level reports can be produced. The suite includes solutions for budgeting, forecasting, strategy management, reporting and analytics, capital planning and tracking, grant planning and student financial aid planning.
“Like many universities, we faced the challenge of integrating a variety of financial planning and monitoring activities across different lines of business and various departments, and we needed a solution that would provide all users with one clear picture of the organization’s financial performance,” said Julian Carter, Senior Systems Accountant of University College London. “Once we realized the breadth, depth and flexibility of Axiom EPM’s solutions, it was clear that its integrated platform would significantly benefit our university. Axiom’s higher education solutions will not only enable us to aggregate our budgeting, forecasting, and planning processes, but will also be deployed rapidly, helping us meet our short-term goals.”
“Through our work with leading academic institutions, we have proven the ability of Axiom’s solutions to support the higher education market,” said Peri Pierone. “We look forward to supporting the continued success of a growing list of renowned university clients.”
Speakers from Axiom EPM will discuss Best Practices in Performance Management for Higher Education in a live webinar on July 17th, featuring real world case studies of how forward looking universities are embracing analytical software to improve both planning efficiency and organizational decision making.
About Axiom EPM Axiom EPM offers performance management software for higher education. Solutions for budgeting & forecasting, reporting & analytics, capital planning, labor planning grant planning, consolidations, student aid planning, revenue and cost management are delivered on a single unified platform and database engine. Axiom EPM embraces and extends familiar Microsoft Excel® functionality, allowing finance professionals and administrators to manage data in a familiar environment – while providing unmatched modeling flexibility and enterprise performance. Axiom EPM is a wholly-owned subsidiary of Kaufman Hall and Associates.