Axiom Budget System
CU Denver and CU Anschutz Medical Campus’s New Budget System: Axiom by Syntellis
The Axiom Budget System is now live for Budget Planning, Labor Planning and Budget Requests!
Access Axiom here: Axiom Budgeting System
The Axiom Budget System is a web-based budgeting tool that has improved the capabilities and coordination of the entire budgeting and planning process for all schools and colleges and the central budget office. CU Denver and CU Anschutz have partnered with Syntellis to integrate the Axiom tool into our budget process.
Access to the Axiom is based on user's role within the University
Hierarchy. School or Department Fiscal Managers may submit access
request in link below to request access to Axiom or additional plan
files.
The Axiom Access Request Form
Operating Budget Module
Replacement for the previous Annual Line Budget Process (general fund) and PeopleSoft auxiliary and gift budgeting process.
Labor Planning Module
Replacement for the previous Annual Salary Setting Table 1 Process and Salary Planning.
Budget Requests Module
Replacement for the previous Annual Budget Request Process for Central Services Administration (CSA) and Academic and Student Affairs (ASA)
Axiom Share Point ResourcesThe Axiom Budget System incorporates best practices, gains efficiencies, improves accuracy and provides transparency.
Please reach out to AxiomTeamDenver@ucdenver.edu for questions and access requests.
And don't forget to check out all of our great resources within the Axiom Budget System Microsoft Teams channel.
The Implementation Project
Project Overview
CU Denver and CU Anschutz Medical Campus have teamed up with the consultants at Syntellis to customize and implement a new state of the art budget system, Axiom:
“Axiom Software is an enterprise performance management tool that arms finance teams and executives with the best tools for budgeting, forecasting, planning, reporting, and more. Finance teams using Axiom Software are more agile and spend more time analyzing data to better understand the drivers that affect their organizations.”
The Axiom system will improve the capabilities and coordination of the entire budgeting and planning process for CU Denver and Anschutz schools and colleges, Central Services Administration, Academic and Student Affairs and the central budget offices. The Axiom system supports the following processes:
- Operational Budget
- Labor Planning
- Campus Allocations
- School Allocations
- In-Year Forecasting
- Budget Requests
- Commitments
- Long Range Planning
- Tuition Planning
- Reporting
More on Axiom and the higher education suite here: Axiom Higher Education Suite, Axiom Higher Education Budgeting
Project Objectives- To improve budget process capabilities and coordination for all steps of the budget
- Incorporating Higher Education Best Practices
- Configuring the Axiom tool to meet unique institutional needs
- Reduce time commitment on budgeting procedures
- Improve accuracy, consistency and efficiency of budget related data inputs and outputs
- Expand and enhance analytical capabilities versus the current manual budget, reporting, and forecasting processes.
Project Phases
Phase 1 and Phase 2 are completed, see other phases to review is what is next for release in FY22 and FY23!
Budget Requests
Focus is on presenting a high-level budget to the Board of Regents in February by having Central Administration budget requests tracked, evaluated and scored through this module to seed into next fiscal year budgets.
Operating Budget, Labor Planning, Allocations at a granular level
Focus is on the primary Budget Core including the Operating Budget and Labor Planning modules, in addition to the second Allocation activity that pushes dollars out to school levels within the University. Replacing outdated processes to create efficiencies and increase accuracy.
Commitments, Forecasting, & High-Level Allocations
Focus is on utilizing commitments in a consistent and meaningful way, current year forecasting, and budget adjustments. These will provide campuses with the ability to build out in-year budget modifications or reallocation as needed. One of the main deliverables is to create an allocation model to spread shared services between campuses. One of the main deliverables is to create an allocation model to spread shared services between campuses.Tuition Planning, Long Range Planning
The fourth project phase includes Tuition Planning which will allow modeling at cohort or program-level detail, and Long-Range Planning which will enable the budget offices to project multiple scenarios at the campus-level for a 5-10 year time horizon.
Enhancements
Enhancements are on-going after each module is completed. A final phase of enhancements will conclude our project phase and is an anticipated period for requested enhancements to existing modules after all have gone live.