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Axiom Software by Syntellis Performance Solutions

Axiom Software by Syntellis Performance Solutions

Overview

What is Axiom Software by Syntellis Performance Solutions?

Syntellis Performance Solutions provides enterprise performance management software, data and analytics solution for healthcare organizations, financial institutions, and higher education institutions. Axiom arms finance teams and executives with tools for budgeting, forecasting, planning, and reporting, so they can analyze results,…

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Recent Reviews

TrustRadius Insights

Axiom EPM has revolutionized the budgeting and planning processes for universities, hospitals, and other organizations. Users have praised …
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Popular Features

View all 22 features
  • Financial budgeting (6)
    7.8
    78%
  • Management reporting (5)
    6.5
    65%
  • Forecasting (5)
    5.7
    57%
  • Scenario modeling (5)
    3.8
    38%
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Pricing

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What is Axiom Software by Syntellis Performance Solutions?

Syntellis Performance Solutions provides enterprise performance management software, data and analytics solution for healthcare organizations, financial institutions, and higher education institutions. Axiom arms finance teams and executives with tools for budgeting, forecasting, planning, and…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Features

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

5.9
Avg 8.3

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

4.4
Avg 8.1

Financial Reporting and Compliance

Financial statements and regulatory filings

5.2
Avg 8.3

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

3.8
Avg 8.0

Integration

Ability to integrate with external applications.

6
Avg 8.3
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Product Details

What is Axiom Software by Syntellis Performance Solutions?

Syntellis Performance Solutions provides enterprise performance management software, data and analytics solution for healthcare organizations, financial institutions, and higher education institutions. Axiom arms finance teams and executives with tools for budgeting, forecasting, planning, and reporting, so they can analyze results, model the future, and make more strategic decisions.


Their solutions include enterprise planning, cost and decision support, and financial and clinical analytics tools to elevate healthcare organizational performance. Their budgeting, financial planning, and analytics solutions aim to help colleges and universities elevate financial performance. According to the vendor, over 2,800 organizations and 450,000 individuals are active users, and higher education institutions use Axiom software to manage nearly $60 billion in revenue and $100 billion in endowments. Banks, credit unions, and farm credit associations using Axiom solutions to manage nearly $1 trillion in assets.


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

Axiom Software by Syntellis Performance Solutions 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 and Reporting 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 by Syntellis Performance Solutions Video

Introduction to Axiom Software Product Features

Axiom Software by Syntellis Performance Solutions Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows, Mac
Mobile ApplicationApple iOS, Mobile Web

Frequently Asked Questions

IBM Cognos Analytics, Oracle Hyperion, and Anaplan are common alternatives for Axiom Software by Syntellis Performance Solutions.

Reviewers rate Excel data integration highest, with a score of 8.4.

The most common users of Axiom Software by Syntellis Performance Solutions are from Enterprises (1,001+ employees).

Axiom Software by Syntellis Performance Solutions Customer Size Distribution

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

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Reviews and Ratings

(11)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Axiom EPM has revolutionized the budgeting and planning processes for universities, hospitals, and other organizations. Users have praised the software for its ability to integrate planning between departments and provide the necessary level of detail for successful financial strategies. The cross-charging feature has been particularly useful, allowing departments to approve or deny charges and enabling accurate internal financial reporting. Axiom is relied upon by both FP&A and Accounting Departments for daily financial reporting and custom ad hoc analysis. Furthermore, the software's flexibility and customization options have significantly reduced overall budgeting processing time and continue to provide efficiencies. With Axiom, users can confidently make cash flow predictions, strengthen financial strategies, and analyze data effectively.

In hospitals, Axiom serves as the primary tool for budgeting and financial reporting, replacing manual spreadsheets and automating reports. It has proven invaluable in reviewing department performance, identifying variances, and asking critical questions. The cost accounting utility within Axiom allows finance departments to provide in-depth analysis on hot topic issues. Campus-wide, Axiom acts as the all-encompassing tool for budgeting, long-range forecasts, and in-year planning, covering both labor and non-labor expenses. The software's advanced capabilities assist with budget planning, financial monitoring, and forecasting processes. From universities to healthcare institutions, Axiom EPM has become an indispensable asset for organizations seeking efficiency and accuracy in their financial operations.

Improved Performance: Several users have found that Axiom's template load and saving performance is significantly better than their previous EPM system, even for large plan files. This has resulted in faster and more efficient work processes.

Customizable Reports: Users appreciate that Axiom consultants are able to create completely customized reports for any collected data. This allows them to get the specific insights they need for their business analysis.

Easy User Security Setup: Many users have mentioned that setting up user security in Axiom is a fairly easy one-time task. They also find it easy to maintain when people change departments or leave the organization. Some users even recommend using the role-based security settings offered by Axiom.

Inexperienced Implementation Consultants: Several users have expressed frustration with Axiom's choice of inexperienced implementation consultants for their projects. This has resulted in issues with data accuracy and reporting, causing complications for the users.

Confusing Learning Curve for Reporting Buildout: Some users have found the learning curve for the reporting buildout to be confusing. They believe that there is room for improvement in this area, suggesting that Axiom should prioritize familiarizing themselves with the source data early on in the project to avoid complications.

Difficulty Contacting Real Person for Support: While technical support from Axiom is knowledgeable and resolves issues promptly, some users have mentioned that it can be difficult to get in touch with a real person due to heavy reliance on email correspondence. This lack of direct communication can be frustrating when urgent assistance is needed.

Users have made several recommendations based on their experiences with the software. Here are the three most common recommendations:

Firstly, users recommend involving a cross-functional team during implementation. This includes finance leaders, IT, and data managers, ensuring that all perspectives are considered and informed decisions can be made.

Secondly, it is recommended to have at least one dedicated person responsible for administering the system. This helps in effectively managing and maintaining the software, ensuring smooth operations.

Lastly, users advise centralizing and standardizing the chart of accounts within the software. This practice helps in maintaining consistency and streamlining financial reporting processes.

These recommendations highlight the importance of involving a diverse team during implementation, assigning dedicated administrators, and standardizing financial practices within the software.

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