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BUDGETING & PLANNING

INTEGRATED, TRUSTED DATA

The Axiom Budgeting & Forecasting solution easily integrates data from any source into a single repository for planning, analysis and reporting. Using robust data integration tools, Axiom automates the integration of data from GL systems, production systems, sales systems and even off-line spreadsheets directly into the Axiom database. Validation and alerting tools ensure data issues can be addressed and resolved quickly and in an automated fashion.

DRIVER-BASED MODELING

To respond to ever changing business realities, organisations must quickly model and adapt their financial plans to course correct and optimise performance. In a planning model, financials are outcomes - not inputs. Axiom leverages an easy-to-use global driver library to incorporate the right operational drivers into your financial planning model with precision.

OPTIMISE FINANCIAL PLANNING & ANALYSIS

>    Create and manage planning models that are connected to market and operational drivers of the organisation

>    Evaluate the impact of changing assumptions on projected financial futures

>    Seamlessly integrate data from the general ledger, human resources, point of sale, fixed assets, transaction detail, and other systems and sources including market data

>    Engage in true enterprise planning with robust workflows, role-based security and automated report production that can support thousands of users

>    Spend more time on strategy and planning by reducing the amount of time spent reconciling and managing data

>    Leverage knowledge and expertise of Excel while eliminating the pitfalls of stand-alone spreadsheets 

ALL FORMS OF PLANNING

Axiom supports all forms of planning including financial and operational budgeting, long-range planning, rolling forecasts, staff and salary planning, capital budgeting and sales planning. Axiom’s unique structure allows for an organisation to plan at a detailed level (e.g. employee, sub-general ledger account, SKU) or at an aggregated level (e.g. summary accounts or organisations) – you decide. It supports both top-down and bottom-up planning or a hybrid model.

ROLLING FORECASTS

HAVE CONFIDENCE IN THE FUTURE

As organisations face increased pressure to their bottom lines, many are looking to complement or replace their rigid annual budgeting practices with more efficient and repeatable forecasting processes. In addition to risk mitigation, rolling forecasts can model and monitor the impact that shifting volume, reimbursement and cost structures will have on financial outcomes. The resulting forecasts are integrated with the long-term financial plans and operational budgets to ensure the organisation’s strategic and tactical planning processes are well informed.

With Axiom's Rolling Forecast solution, organisations can:

>   Enable a consistent, accurate forward-looking business outlook

>   Develop a cadence that aligns to the rhythm of the business versus the accounting calendar

>   Establish relative versus fixed measures that focus on continuous improvement

>   Model and execute course correction throughout the year

>   Focus on what's happening versus the aspirational bias of a desired outcome

This allows Lee Health to provide individual department-level operating targets via budgeting, while rolling forecasting provides senior leadership the tools to monitor and address issues or events that pull the system off target.”
 

- Laura Vannarath, Finance Manager At Lee Health