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Axiom Software Blog

Welcome to our blog, the source for the latest from Axiom Software experts. Whether its innovative processes and best practices, trends in the industry, or insight into EPM technologies, this is the place to learn more about enterprise performance management. Subscribe to blog.

Rising Tuition Discounts and Flat Revenues Squeeze Colleges Even Harder

As tuition discounts increase, most colleges and universities are being forced to turn their attention to the expense side of the income statement. Read more

A Resurgence of Profitability Analysis for Financial Institutions: Understanding the Process

Posted February 14, 2017 by

In the previous blog we discussed the challenges facing many financial institutions in today’s marketplace, including substantial regulatory requirements, significant competition, increased consumer and technology demands, and inconsistent financial results. To help identify areas to improve and to maximize performance, many banks and credit unions are refocusing—or are poised to refocus—on profitability analysis across all segments of their institutions. In part two of this blog,… Read More

Assessing the Road Ahead in Higher Education

Posted January 26, 2017 by

Now that the holidays have passed and everyone has settled into a routine in the New Year, it’s time to evaluate the environment facing institutions in the months to come. For many university business leaders, 2017 presents a number of opportunities for growth while also presenting several unknowns. Let’s start with the good news. According to the Moody’s 2017 Higher Education Outlook, universities can expect a relatively stable outlook overall, including 2-3% net tuition revenue… Read More

A Resurgence of Profitability Analysis for Financial Institutions: Defining the Challenge

Posted January 16, 2017 by

The banking industry is full of hope with expectations of higher interest rates and decreased regulation. However, banks and credit unions still find themselves mired in one of the most challenging environments in history—an environment that is wrought with significant competition, substantial regulatory requirements, increased consumer and technology demands, and a prolonged period of languishing financial results: Net interest margins for banks and credit unions continue to stagnate at near… Read More

Five Ways to Shorten the Annual University Budget Cycle

Posted November 16, 2016 by

As college and university business officers enjoy their Thanksgiving break, most can’t help but have a sense of angst about what awaits them when they return to work…the herculean task of tackling the FY18 budget process. The average higher education budget cycle consumes nearly six months out of the fiscal year. A budget process that takes that long leaves academic and administrative leadership fatigued and crowds out other critical planning processes. And in some cases, the budget… Read More

Kaufman Hall at Industry Events

Posted September 19, 2016 by

Kaufman Hall is coming to a city near you this fall! We invite you to come hear from Kaufman Hall executives and Axiom Software customers, who will be speakers at the following industry events. We are looking forward to the opportunity to share valuable insight and best practices with session attendees, and informal demos and discussions in our booth. We hope to see you there! American Bankers Association CFO Exchange September 21st, 2016, 9:45 a.m.; Charleston, South Carolina “Increasing… Read More

Axiom Software is SOC2 Compliant, Ensuring Your Data is Secure in the Cloud

Posted August 15, 2016 by

Our customers require solutions that can meet their strict requirements for security of their confidential financial and operational data. As further evidence of Kaufman Hall’s commitment to delivering a secure, enterprise-grade solution, we have established an ongoing engagement with BDO USA, LLP to provide SSAE-16 SOC Type II (SOC2) audits of operational controls. Kaufman Hall will be continuously audited by BDO to maintain compliance with SOC2 controls, ensuring protection of your company’s… Read More

The Importance of Scenario Modeling to Manage Uncertainty

Posted June 22, 2016 by

The norm of modern-day economics is “uncertainty.” This makes for a very problematic foundation for planners. More often than not, only a single/stable economic scenario is used as a point-of-reference when developing an organization’s budget or forecast. With modern financial planning systems and processes in place, finance teams should be able to easily present multiple forecasts to executive decision makers on an ongoing basis. A most common starting point is a simple three-scenario model… Read More