Axiom Software (formerly Axiom EPM)

Axiom Software (formerly Axiom EPM) Reviews

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Ratings and Reviews
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Score 7 out of 10
Vetted Review
Verified User
Review Source
The entire university is using Axiom EPM for the first time this year. In the past, every department in the university budgeted in silos. Some budgeted at a high level of detail, while most would simply provide summary planning. We've used Axiom to provide options for departments to budget at the level of detail they need to successfully plan. Axiom also allows us to integrate the planing process between departments by allowing cross-charges. If one department charges another for a portion of a faculty, the charged department views the charge in their file and can choose whether to deny or approve.
  • Compared to a previous EPM we used, Axiom's template load and saving performance has been much better even for large plan files.
  • Axiom consultants can create completely customized reports for any of the collected data. Super users within your organization can then fairly easily modify their work to create additional reports without Axiom's help (and invoices)
  • Setting up user security is a fairly easy one-time task and very easy to maintain when people change departments, leave the organization, etc. I would recommend you use role-based security settings.
  • Compared to our previous EPM, Axiom allows more customization and possibilities for templates. There's very few "the product can't do that" statements.
  • Unfortunately, Axiom only assigned two implementation consultants to our massive project and both were completely new to the product and inexperienced.
  • This isn't really a fault of Axiom, but your organization's data has to be perfect before implementing Axiom. You need a strong project manager within your organization to take the lead in working with Axiom. They should be very familiar with the source data and what's important to all your internal stakeholders. The Axiom team needs to be clearly told exactly what you need from them.
  • We never truly felt confident anyone from Axiom was really familiar with the source tables and data being used. I would suggest in any project they make that a priority early on. Not being familiar with the data caused a list of issues regarding reporting and template construction.
Axiom is ideal for organizations with multiple departments that need to collect, share, and integrate data from common internal data sources. The product is best for very large organizations with a lot of financial backing. I wouldn't suggest using Axiom if you're a small organization or only one department, for example.
For the scale of our implementation, Axiom only assigned two consultants who were both completely new to the company. It felt like we were all learning about the product together, when you would expect them to already be experts at their own product. The team also made a good bit of mistakes throughout production and go-live, which then caused more work internally for us. The team lead for our project also just left the company, so we'll see how next year's planning goes.

Axiom Software (formerly Axiom EPM) Scorecard Summary

Feature Scorecard Summary

Budgeting, Planning, and Forecasting (4)
85%
8.5
Long-term financial planning (1)
90%
9.0
Financial budgeting (1)
90%
9.0
Forecasting (1)
80%
8.0
Scenario modeling (1)
80%
8.0
Consolidation and Close (3)
97%
9.7
Financial data consolidation (1)
100%
10.0
Local and consolidated reporting (1)
90%
9.0
Detailed Audit Trails (1)
100%
10.0
Financial Reporting and Compliance (4)
83%
8.3
Financial Statement Reporting (1)
80%
8.0
Management Reporting (1)
80%
8.0
Excel-based Reporting (1)
90%
9.0
Automated board and financial reporting (1)
80%
8.0
Analytics (3)
87%
8.7
Personalized dashboards (1)
90%
9.0
Cost and profitability analysis (1)
80%
8.0
Benchmarking with external data (1)
90%
9.0
Integration (3)
90%
9.0
Flat file integration (1)
90%
9.0
Excel data integration (1)
90%
9.0
Direct links to 3rd-party data sources (1)
90%
9.0

What is Axiom Software (formerly Axiom EPM)?

Axiom Software (formerly Axiom EPM) is a performance management solution that is designed to help finance professionals analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting & forecasting, reporting & analytics, consolidations, capital planning, profitability & cost management are delivered on a single unified platform. The vendor says that its solution embraces and extends Microsoft Excel® functionality, allowing finance professionals to manage data in a familiar environment – while providing modeling flexibility and enterprise performance.

According to the vendor, Axiom's all-in-one design delivers:

  • One, single sign-on for all Axiom applications
  • One look and feel that’s accessible to everyone
  • One approach for creating business logic
  • One facility to manage security
  • One method for generating reports and managing meta data
  • One information hub to consolidate disparate data sources

Axiom Software is a wholly-owned subsidiary of Syntellis (formerly Kaufman Hall Software).

Axiom Software (formerly Axiom EPM) Features

Budgeting, Planning, and Forecasting Features

  • Supported: Long-term financial planning
  • Supported: Financial budgeting
  • Supported: Forecasting
  • Supported: Scenario modeling
  • Supported: Management reporting

Consolidation and Close Features

  • Supported: Financial data consolidation
  • Supported: Local and consolidated reporting
  • Supported: Detailed Audit Trails

Financial Reporting and Compliance Features

  • Supported: Financial Statement Reporting
  • Supported: Management Reporting
  • Supported: Excel-based Reporting
  • Supported: Automated board and financial reporting
  • Supported: XBRL support for regulatory filing

Analytics Features

  • Supported: Personalized dashboards
  • Supported: Color-coded scorecards
  • Supported: KPIs
  • Supported: Cost and profitability analysis
  • Supported: Key Performance Indicator setting
  • Supported: Benchmarking with external data

Integration Features

  • Supported: Flat file integration
  • Supported: Excel data integration
  • Supported: Direct links to 3rd-party data sources

Axiom Software (formerly Axiom EPM) Integrations

Axiom Software (formerly Axiom EPM) Competitors

Axiom Software (formerly Axiom EPM) Pricing

Axiom Software (formerly Axiom EPM) Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)0%
Mid-Size Companies (51-500 employees)30%
Enterprises (more than 500 employees)70%

Axiom Software (formerly Axiom EPM) Technical Details

Deployment TypesOn-premise, SaaS
Operating SystemsWindows, Mac
Mobile ApplicationApple iOS, Mobile Web