Axiom’s modular platform allows us to build tailor-made solutions for our clients that meet their specific needs.

Strategic Financial Planning

Create high-level financial plans that flex and adapt in real time.

Covering budgeting, cost management, planning, analysis, and reporting, Verostone’s solutions deliver a joined-up picture of your current performance, and the risks and opportunities ahead.

With Axiom software Strategic Planning, you can create multi-year financial plans that are fully integrated with operational budgets. For performance monitoring and risk management, Verostone equips you to meet the challenges and opportunities ahead.

Our acclaimed strategic planning approach helps you define the direction of travel for the entire business. Through actionable, long-range plans coupled with an organisation-specific scorecard system, you can develop and track KPIs, create and hone enterprise initiatives, and monitor your company’s performance in real-time.

• Capture the goals and initiatives needed to advance your organisation’s strategy
• Build a long-range plan that considers both operational and financial drivers
• Define, capture, calculate and publish KPIs and metrics
• Create organisational scorecards and dashboards to monitor progress and course-correct as market conditions change
• Define, evaluate and select key strategic initiatives and capital investments
• Model the impact of multiple scenarios and their impact on operational budgets and forecasts

Scenario Planning

Model multiple future scenarios to successfully navigate a changing world.

For any business, change is a fact of life, but all too often, technical limitations force teams to rely on the prevailing scenario as the one-and-only backdrop to their budgets and forecasts.

Verostone helps you eliminate the risks of bias and false assumption. Axiom software’s scenario planning functionality lets you ask ‘what-if’ and gives you answers you can trust. You can apply multiple variables with ease to test the impact of a vast range of market and organisational changes. Equipped with this, you can present reliable, updated forecasts to executive decision-makers, on-demand.

Scenario planning is a vital tool for assessing the impact of critical uncertainties, new organisational initiatives and fresh market opportunities.

• Define the key internal and external drivers of the business
• Quantify your financial sensitivity to these drivers
• Test the strength and flexibility of a strategy under rapidly changing conditions and multiple variables
• Manage uncertainty by modelling scenarios that depart from the current conditions
• Investigate possibilities that would otherwise have been missed
• Prepare for various combinations of adverse circumstances that may manifest
• Produce higher quality strategic plans, budgets and forecasts

Capital Planning and Tracking

Make capital investments with confidence, track performance and monitor returns.

Verostone’s Capital Planning and Tracking solution delivers the insight you need to deploy capital with confidence. We understand the questions you need ask: Does this project represent the best use of our resources? How will the additional outlay affect cash flow? Will the long-term profit justify the short-term costs?

The ability to answer these questions is crucial for your long-term financial strategy. By bringing forecasting, capital planning and tracking together, Axiom Software empowers you to make truly data-driven decisions, supported by numbers you can trust.

• Create, evaluate and rank proposed multi-year capital projects. Select the best fit for your company by comparing key metrics, including return on investment (ROI), net present value (NPV) and internal rate of return (IRR)
• Manage the entire capital planning request and approval process with a defined workflow, ownership and deadlines using the Axiom Software Process Management feature
• Assess a prospective project’s impact on the balance sheet, cash flow and profit and loss statement. Alter plan assumptions and quantify the impact of changing market drivers on proposed capital investments
• Model approved projects once they are live for regular, updated forecasts for time to completion, incremental cost, total cost and more

Reporting and Analytics

Create bespoke reports that deliver the information critical to you, drawing on live financial data.

Transform your financial data into insights that empower intelligent decisions with Axiom software Reporting and Analytics module. Analyse and visualise financial and operational data to identify and highlight trends, variances, and improvement opportunities.

While other performance management tools simply offer reports, we offer timely data and robust capabilities, to bring your decision-makers the answers they need.

• One version of the truth. With an easy-to-use interface, our reporting and analytics tools seamlessly integrate data from any source into a single repository for planning, analysis, and reporting
• Any user, any platform. Make critical performance information available anytime and anywhere to enable users to access reports, spot trends, conduct ad hoc analyses, and make timely, informed decisions—regardless of location

Financial Management Analytics

Create ad hoc analyses to answer specific business questions and monitor granular financial performance metrics.

The goal of financial management analytics is to keep track of the day-to-day performance of the business, by providing on-the-go reports and insights that can quickly be fed back in to your wider team to adjust course.

Long-term goals are no longer enough, and the smartest businesses recognise that the ability to make incremental changes, based on weekly or even daily insight, will compound to significant competitive advantage over time. Axiom can help you:

• Perform horizontal analysis to compare the organisation’s financial performance over consecutive reporting periods, or compare corresponding periods in different years
• Provide short-term reviews of working capital and turnover rates, identifying any significant fluctuations
• Pull in data from other areas of the business, including operations, sales, and costs, to create a dynamic picture of how your organisation is performing

Cost Accounting

Make better business decisions with timely, accurate cost information.

Verostone’s software enables you to gain a clearer understanding your business costs, helping you identify opportunities to manage them more effectively.

Our software provides an accurate, comprehensive view of performance across cost, quality, and service measures. Axiom software supports advanced costing methodologies and balances detail with accuracy, flexibility, efficiency and sophistication.

Timely and accurate visibility into financial data is vitally important to drive the right decisions for your business. Our decision support tools empower finance leadership teams to work smarter, with insights across cost and quality throughout your organisation.

Financial Close and Consolidations

Harness automation workflows to accelerate your close process.

Verostone’s Financial Close and Consolidations solution takes the pain out of the close process, by enabling you to automate the tasks that can be automated, allowing your team to focus on higher level troubleshooting.

From local close through to group consolidation and reporting, Axiom can handle enterprise-level complexity, bringing together data from across your business to create a unified reconciliation process.

• A platform that adapts easily to organisational change and process change
• Fully compliant with all regulations and requirements for your business
• A single view across diverse data sources, giving you greater visibility and control
• End-to-end functionality, from data loading, to reconciliation, consolidation, adjustments, disclosure, tax and regulatory reporting

Allocations

Simplify complex allocation processes, improve data transparency and shorten your budget cycle.

Verostone Allocations enables organisations to develop allocations of revenue and expenses in support of the annual budgeting process. It enables organisations to analyse margins at a granular level. Centrally stored data makes reporting and analysis easy, with the ability to roll data over from one year to the next.

Verostone Allocations helps to improve data transparency and integrity, and financial accountability across your organisation. The ability to integrate data directly into your budgeting process means that your budget cycle is shortened, and time-consuming manual data processes are minimised

• Manage complex allocation rules and their associated metrics
• Automate processes by setting up allocation rules that be stored and scheduled
• Provide a cost allocation mechanism for indirect expenses
• Increase data transparency for allocation rules across the organisation
• Automatically incorporate allocation calculations into departmental budgeting processes
• Provide transparency by giving users the necessary information to clearly identify the allocation sources, basis and target
• Remove administrative burden, minimising user input and effort required

Profitability and Cost Management

Uncover the most lucrative opportunities for your organisation and generate actionable insights.

Verostone’s Profitability and Cost Management solution helps you avoid false assumptions based on top-level revenue figures. Our profitability tools equip you to make better decisions on spend allocation, product-mix choices, marketing decisions and more.

Verostone gives finance teams a complete framework for measuring margin ratios, acquisition costs, return on investment and all other key enterprise profitability metrics. Through robust reporting capabilities, executives can quickly and easily understand the contribution of each segment to the organisation’s overall profits.

• Optimise performance by analysing and monitoring key volume, cost and profitability trends across business lines
• Identify segments and product lines that are eroding profitability and take corrective action
• Prepare in-depth reports and analysis such as segmentation, ranking and whale curve cumulative profitability
• Generate actionable reports that analyse volumes, costs and profitability measures across any dimension and immediately drill into the details
• Integrate operational and financial data sources for a complete picture of performance
• Deploy clear, evidence-based costing algorithms at even the most granular levels of your business

Sales and Operations Planning

Bring together data across sales, operations and supply chain to create a unified plan.

Axiom software’s Sales and Operations Planning module enables you to monitor signals across all your business units in real time, allowing you to build an integrated plan that ensures all business functions are closely coordinated.

Model the impact of various business changes, from rebalancing your inventory or workforce, working with a new supplier or making supply chain adjustments, taking the risk out of decision-making.

• Model the effects of changes to products, services, processes and suppliers
• Create complex scenario plans that can be directly compared with one another to reach the optimal outcome
• Build dashboards that update with real-time data to monitor KPIs and empower quick decision-making

Retail Logistics

Integrate planning across all sales channels and stores, track actual sales against plans and model new channels.

Axiom software’s Retail Logistics module enables you to centralise and take full control of your sales and distribution planning, across category management, channels and stores. With merchandise financial planning, line planning, product lifecycle management and retail analytics, Axiom brings disparate data sources together into a single source of truth for your business.

Axiom software allows you to model new channels, stores and categories, track actual sales against plans and targets, all through a fully configurable dashboard that allows you to compare across plans, year-on-year performance and monthly actuals.

• Retail analytics bring together data from multiple internal and external sources, enabling faster, insight-based decision-making
• Product lifecycle management automates processes and workflows, taking the pressure off your planning teams
• Line planning makes it easy to analyse products and lines, and creates a standardised framework for the planning process
• Manage and compare multiple planning scenarios to enable data-driven decision-making and mitigate risk

Customer Profitability Analysis

Gain the data and insight to inform customer-related decisions that maximise life-time value.

Axiom software’s Customer Profitability Analysis module enables you to gain a true understanding of the costs of each customer segment, and determine profitability by individual account, and by market segments and sectors.

Aggregate data by size of customer, size of order, service complexity, location and other factors to gain detailed insight into where to focus your efforts. Axiom software helps you drive profitability in your organisation by providing visibility of the key trends:

• Segment your customer base by all relevant characteristics, attributing revenue and cost calculations to each segment to determine profitability
• Analyse and compare profitable versus non-profitable customer segments, letting you build strategies to maximise profitable customers and to reduce, eliminate or re-engineer non-profitable ones
• Understand customer life-time value and true costs, to get a holistic view over the whole customer life cycle
• Improve strategic decision-making with the data and insight to drive customer-related decisions, including pricing, discounting and marketing strategy

HE Grants Planning

Plan, monitor and report on grant funding and spending with a single, unified view.

In this increasingly uncertain funding environment, your institution needs to access timely and accurate data on your grants and awards. Axiom software Grants Planning module helps you develop an award modelling application, provides an insight on your spending plans, and enables you to track against actual activity over the project’s lifespan.

Providing universities with a complete forecast and analysis solution, improving transparency and reducing overheads.

Use it to help you:

• Plan and project grant funding and tracking
• Develop integration into an Income and Expenditure model
• Improve how you manage the impact of research activity on university finances
• Plan, monitor and report on grant funding and spending

HE Tuition Fee Planning

Assess the impact of various future scenarios on tuition fee income to mitigate risk.

With Axiom software’s powerful, easy-to-use Tuition Fee Planning module, create strategies and new opportunities by assessing the potential impact of variable and critical uncertainties.

Model the impact of tuition revenue on budgets and forecasts. Compare different courses of decision-making and initiatives to accurately project tuition revenue by:

• Integrating student and financial admissions data across a range of fees and long-term plans
• Supports headcount and FTE planning and modelling
• Using assumption-based enrolments and conversions to better predict tuition income
• Unlimited scenario planning to understand the impact of a changing landscape
• Measuring actuals and budgets at any level using Axiom software Analytics

HE Commitment Planning

Bring transparency and control to your financial commitments with a centralised reporting system.

Embrace robust reporting to understand the current and future financial health of your university. Ensure that commitments are accurately forecasted and deliver against budget.

Tracking all your financial commitments against budgets, with automated collection and evaluation of data across your organisation. Axiom software Commitment Planning module empowers you to:

• Centralise data collection for incoming spending requests
• Track spending by project and funding source
• View the impact, now and in the future of spending commitments
• Centralise commitments across teams, departments, and the whole institution
• Align spending within income and expenditure and track against budgets
• Create robust reports to present how commitments align with strategies for growth

Incentive Compensation

Align your customer-facing employee targets with financials to generate profitable growth.

Verostone enables you to manage and administer incentive plans to improve financial performance, empowering your people to help achieve organisational objectives.

Verostone gives you the ability to process numerous plans for hundreds or thousands of employees quickly and efficiently. Clarity of plan metrics and transparency of plan calculations result in less time reconciling the data, letting your people spend more time on the work that matters.

• Manage unlimited incentive plans for different roles within the institution
• Analyse new or modified plans in “what-if” scenarios
• Achieve increased visibility and accuracy in compensation plan calculations and supporting metrics
• Align employee behaviour with corporate goals
• Support for multi-faceted criteria, such as tiered performance thresholds
• Fully configurable automated data imports
• Integrated output – produce plan results to an outbound file for use in driving actual payments in your payroll system
• Report distribution and publishing – access report books online or schedule distribution to management and payees

FTP and Profitability

Gain visibility into the customers, segments, branches and products that drive value.

Verostone FTP and Profitability solutions provide enhanced visibility into the customers, segments, branches and products that drive the greatest value for your business. Our software calculates FTP, expense allocations, and capital allocations with transparent measurement processes.

Assign highly accurate FTP rates based on projected cash flows and bring together data visualisation, incremental analysis, and segmentation to maximise value from funds transfer pricing investments.

• Analyse profitability impacts of your net interest margin contributors, fee income, credit risk, costs and return on capital across all dimensions
• Make the best decisions regarding product pricing, opening and closing branches, which customers to target, and other profitability drivers
• Employ a transparent, matched-maturity approach where users can alter pricing assumptions
• Analyse the impact of multiple factors on net interest margin to inform accurate decision making
• Use analytical reporting to improve pricing decisions and understand performance drivers
• Create specific base rate and adjustment rate FTP rules and filters to accurately apply funding charges and credits

Clinical Performance

Verostone’s clinical analytics solution lets you evaluate performance at all levels of your healthcare organisation.

Verostone’s clinical performance solution enables you to improve your quality of care and tie those improvements to cost savings. By aggregating disparate sources of data, Axiom software lets you drill down into capabilities from the system to the patient level, to identify best practice, quantify preventable complications, readmissions and safety events, and discover ways to rectify unintended clinical variation.

Quickly identify areas for improvement, while providing access to utilisation, quality, patient satisfaction and cost data, alongside internal and external benchmarks. Target undesirable variation in care to eliminate or decrease performance gaps.

Axiom software provides full engagement with your practitioners, with a streamlined, electronic PPE reporting system and automated workflow process. With this comprehensive view of practitioner performance and the ability to engage your staff in the process, your organisation can identify areas of greatest opportunity and act on improvement initiatives.