Three more institutions embrace Axiom solution to solidify financial management; Kaufman Hall now working with more than 20 percent of major public universities
CHICAGO, Ill. – November 30, 2018 – Kaufman Hall today announced its Axiom Higher Education Suite is rapidly gaining traction among public universities that seek to bolster their financial management. Over the past few months, Kaufman Hall has contracted with the University of South Florida, the University of Massachusetts and West Virginia University, as well as recently implementing the Axiom platform at Montana State University, which signed with Kaufman Hall in 2017. More than 20 percent of large public universities in the U.S. now use Kaufman Hall’s Axiom software for financial planning.
“Leading universities appreciate our approach to budgeting and planning software, which includes developing best practice solutions, combined with innovative technology that can be extended to meet higher education’s distinctive needs,” said Tony Ard, vice president, Higher Education Software, at Kaufman Hall. “What makes Kaufman Hall unique is that we combine industry-leading technology and planning solutions with in-depth higher education expertise. As a result, our consulting teams know how to work effectively with our university partners to introduce changes that improve their financial management.”
Kaufman Hall’s Axiom Higher Education Suite is designed to accelerate enterprise performance management and supports a variety of planning needs for colleges and universities of all sizes. It delivers solutions for long-range planning, budgeting and forecasting, performance reporting, capital planning, and grants planning on a single, integrated, cloud-based software platform. The Axiom Higher Education Suite empowers finance professionals to analyze results, model the future, and optimize organizational decision making.
Leaders of the latest universities to join Kaufman Hall’s roster expect that the Axiom software will set their institutions on the path to more robust financial performance. Paula Congelio, vice president and chief financial officer at West Virginia University, said, “West Virginia University is still in the early stages of implementing Kaufman Hall’s Axiom software to handle the many complexities in our Tuition and Fee, Enrollment and Labor planning data. We will be using it extensively over the coming months as we dig in to our FY20 budget planning.”
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 Higher Education Suite provides sophisticated, flexible performance management solutions that empower university leaders to analyze results, model the future, and optimize decision making. Configured for higher education, solutions for strategic financial planning, reporting and analytics, as well as budgeting and forecasting are delivered on an integrated software platform, managed in the cloud.