Software Best Suited to Optimize Integrated Budgeting and Long-Range Planning
Skokie, IL, (PRWEB) June 06, 2016
Kaufman Hall, a leading provider of higher education consulting and software solutions ranked number one in customer satisfaction by Gartner, today announced that Furman University, an acclaimed liberal arts college located in Greenville, South Carolina, has chosen Axiom Software to support its strategic planning initiatives.
With the higher education landscape more competitive than ever, universities are looking for ways to improve their strategic planning process. Furman is one of several leading institutions to have chosen Axiom Software to support integrated budgeting and long-range planning. Axiom’s cloud solution allows university finance departments to truly own the software with minimal IT support, providing a faster implementation timeframe and time to value.
“Our main priority with this initiative was to adopt one solution that would integrate our budgeting and long-range planning processes in a way that allows for full transparency into the budget drivers and impacts,” said Amy Blackwell, associate vice president of finance at Furman. “Of the solutions we examined, Axiom is the best positioned to help tie those processes together in a way that allows us to plan systematically and effectively for the future.”
“By integrating the operational budget and long-range financial plan, universities are much better equipped to develop realistic plans that account for the various drivers that impact a school’s finances,” said Tony Ard, vice president of higher education at Kaufman Hall. “Forward-looking institutions are seeking a solution that allows them to account for internal factors such as enrollment, tuition and fee rates along with external factors such as wage inflation and interest rates, and to easily model scenarios under various assumptions. We’re excited to be able to provide that level of insight to Furman.”
Furman joins a growing list of universities using Kaufman Hall’s Axiom Software solutions. Other institutions leveraging Axiom’s budgeting, planning, and reporting solutions include Northwestern University, Tufts University, George Washington University, University of Toledo, and the University of Kentucky.
About Kaufman Hall
Kaufman Hall provides management consulting services and enterprise performance management software that help organizations realize sustained success amid changing market conditions. Since 1985, we have been a trusted advisor to board s and executive management teams, helping them incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans to consistently achieve their goals. Kaufman Hall’s Axiom Software Suite provides sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Configured for Higher Education, solutions for long-range planning, budgeting and forecasting, performance reporting, capital planning, grants planning and enrollment planning are delivered on a single integrated software platform.
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