Kaufman Hall Announces Historic Software Growth in 2017
Strategic Investments, High Customer Satisfaction and Industry Accolades
Position Company for Continued Success in the EPM Space
Position Company for Continued Success in the EPM Space
SKOKIE, Ill. – February 28, 2018 – Kaufman Hall, a leading provider of enterprise performance management and decision support software, and management consulting services, today announced that it has continued its record-setting pace of growth yet again in 2017, fueled by double-digit sales growth, notable industry accolades and new strategic investments.
With disruption and competition reaching new levels, senior leaders across healthcare, banking and higher education are turning more than ever to modern enterprise performance management (EPM) technologies to support strategic decision making and optimize organizational performance. This has fueled historic growth and success for Kaufman Hall’s software business, including:
- An 18 percent increase in new sales bookings, and a 33 percent increase in new recurring sales bookings in 2017
- The addition of more than 70 new enterprise customers who selected Kaufman Hall’s Axiom Software and Peak Software in 2017 to improve organizational performance in areas such as budgeting, long-range planning and forecasting, cost containment, profitability and clinical performance improvement
- More than 60 percent growth in cloud deployments in 2017, and continued strong commitment to cloud security with completion of the 2nd round of the SSAE 18 SOC 2 Type II audit, in addition to other audits of Axiom Software and services
- Significant expansion, with leaders at more than 2,600 organizations now leveraging Kaufman Hall Software to help manage their operations and quantify the financial impact of organizational decisions
New customers for 2017 include: Denver Health, Memorial Hermann Health System, Sharp HealthCare, University of North Texas Health Science Center, American Savings Bank, and 1st Source Bank. Additionally, Kaufman Hall continued to strengthen its portfolio strategy in 2017 with support of large higher education institutions and affiliated academic medical centers that are leveraging Axiom for both the university and medical center, including the University of Alabama at Birmingham with the UAB Health System.
“We are pleased with the tremendous success Kaufman Hall Software experienced in 2017, and we couldn’t have achieved this without our amazing customers,” said Tom Walsh, CEO of Kaufman Hall Software. “We are committed to providing industry-leading solutions to meet the most pressing business challenges through a unique mix of innovative software and our extensive in-house expertise. At the core of it all is our keen focus on maintaining high levels of customer satisfaction.”
This rapid growth is expected to continue in 2018 as more organizations strive to make improvements. According to a recent Kaufman Hall survey, 90 percent of finance professionals think they should be doing a better job of leveraging financial and operational data to inform strategic decisions. Outdated tools and processes were cited among the top challenges preventing effective financial planning and analysis.
Strategic Investments and Industry Recognition
Kaufman Hall’s strategic business investments in 2017 included the acquisition of Retikal LLC, a software consulting company with market-leading Higher Education EPM software development and delivery capabilities. Kaufman Hall also increased its employee headcount dedicated to the software business by 25 percent in 2017, and invested in the expansion of its C-Suite. Wes Champion joined the company in 2017 as managing director and chief operating officer, and will become CEO of Kaufman Hall in April 2018; and Rob Kunzler joined the company as chief marketing officer.
Kaufman Hall’s success in 2017 is underscored by continued industry recognition. Axiom Software was among the first nine vendors to receive the newly-created “Next Generation Ready” certification by BPM Partners and was rated highly for customer satisfaction in both Gartner’s 2017 Critical Capabilities for Cloud Strategic Corporate Performance Management Solutions report and BPM Partners’ Business Performance Management Vendor Landscape Matrix for 2017 report. In addition, the Axiom Healthcare Suite was again awarded the “Peer Reviewed by HFMA®” designation from the Healthcare Financial Management Association (HFMA) in its mid-term evaluation.
About Kaufman Hall
Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards 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 and strategic decisions to consistently achieve their goals.
Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of Kaufman Hall advisory services are unparalleled, encompassing strategy; financial and capital planning; cost transformation; treasury and capital markets management; and mergers, acquisitions, partnerships, and joint ventures.
Kaufman Hall’s Axiom Software provides sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, reporting and analytics, consolidations, capital planning, and profitability and cost management are delivered on a single, integrated software platform. Kaufman Hall’s Peak Software empowers healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.