University College London selects Axiom EPM for strategic planning, budgeting and forecasting tools

Friday, January 31, 2014

Axiom EPM, a leading provider of financial planning and performance management software, today announced that the University College London (UCL), London’s largest leading multi-disciplinary university consisting of 27,000 students, 4,000 employees and 16 faculties across 3 academic schools has selected Axiom EPM’s higher education suite to support the university’s budgeting, forecasting, reporting and dashboarding needs.

UCL’s complex organization consists of numerous business units, departments and schools. Prior to selecting Axiom EPM, UCL used several disparate financial reporting solutions, which resulted in inefficient and time-consuming budgeting and planning processes. After reviewing multiple enterprise solutions in the market, UCL selected Axiom EPM’s financial planning software in an effort to transition the university onto one, integrated solution. With Axiom EPM, UCL will be able to streamline their budgeting, forecasting and reporting processes by consolidating both financial and non-financial data from multiple sources to produce detailed, department-level and executive-level reports to enable decision making across the entire university.

“Like many universities, we face the challenge of integrating a variety of financial planning and monitoring activities across different lines of business and various departments, and we needed a solution that would provide all users with one clear picture of the organization’s financial performance,” said Julian Carter, Senior Systems Accountant of UCL. “Once we realized the breadth, depth and flexibility of Axiom EPM’s solutions, it was clear that its integrated platform would significantly benefit our university. Axiom’s higher education solutions will not only enable us to aggregate our budgeting, forecasting, and planning processes, but it will also be deployed rapidly, helping us meet our short-term goals.”

With Axiom EPM, rapid deployment and user adoption is enabled through a unique integration of Microsoft Excel® in the business logic layer of the application – giving UCL report writers the comfort and ease of use of working within a familiar environment. The finance team will be fully self-sufficient in managing their planning process, with a transparent forecasting model supported by automated workflow and reporting that can be produced rapidly at the close of each month. UCL will also have the ability to provide unique views of both financial and operational data to different audiences based upon their role within the organization, and delivered in a variety of ways including on iPads and other mobile devices, helping to speed information sharing and ultimately smarter decision making across the University.

“Through our work with leading academic institutions throughout the U.S., including Yale and Stanford University, we have proven the ability of Axiom’s solutions to support the higher education market, and we are eager to introduce our robust platform to the U.K.,” said Peri Pierone, CEO of Axiom EPM. “We look forward to working with UCL to streamline and standardize their budgeting and planning processes and are excited to support the continued success of this renowned university.”

About University College London

University College London (UCL) was established in 1826 and is now ranked fourth in the world’s top ten universities** with over 27,000 students from 150 countries. UCL employs over 10,000 academic and research staff and is associated with several major teaching hospitals and communities. ** QS World University Rankings (2012).

About Axiom EPM

Axiom EPM provides sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future and optimize organizational decision making. Solutions for budgeting & forecasting, reporting & analytics, strategy management, consolidations, capital planning, profitability & cost management are delivered on a single unified platform. Axiom EPM embraces and extends familiar Microsoft Excel® functionality, allowing finance professionals to manage data in a familiar environment – while providing unmatched modeling flexibility and enterprise performance. www.axiomepm.com