Proven to increase efficiency and reduce expenses for budgeting and labor planning processes
Axiom™ Budgeting & Forecasting helps institutions shorten their budget cycles, avoid going over budget, reduce salary expenses, and plan for their financial futures despite changing internal and external drivers.
A third-party analysis shows that a typical institution with $200 million in annual revenue generates a return on investment (ROI) of 262% over 3 years and a payback in 7.8 months with Axiom Budgeting & Forecasting by increasing efficiencies and improving financial performance with budgeting, reporting, and labor planning. An institution with $1 billion in annual revenue generates an ROI of 334%, or $4.6 million, over 3 years and a payback in 5 months.
Why is Axiom Budgeting & Forecasting a cut above the rest?
Through close examination of operational and financial results, a typical Axiom Budgeting and Forecasting implementation increases efficiencies and improves financial performance by:
- Creating budgets 50% faster
- Spending 60% less time managing staffing plans
- Reducing salary expenses by 0.50%
These reductions result in significant short- and long-term cost savings for colleges and universities.
Want to improve your budgeting and labor planning processes? Learn more about Axiom Budgeting & Forecasting.
Begin optimizing your budgeting and forecasting processes today
"With Axiom Budgeting & Forecasting, the data is compiled instantaneously. We can pull last year’s budget, make changes, run a process and the budget is created automatically. We now have approval workflows in a central location, which gives us compliance and auditing confidence."
– Financial Systems Director at a public 4-year university