University of Massachusetts Budgeting System Implementation

This document is a case study detailing the implementation of Syntellis’ Axiom™ Budgeting and Forecasting and Axiom™ Reporting and Analytics at the University of Massachusetts (UMass). The university, operating as a $3.8 billion enterprise with five campuses, aimed to unify its budgeting processes and improve data consistency for effective financial planning. Prior to Axiom, each campus utilized different budgeting tools, primarily Excel spreadsheets, leading to discrepancies in data collection. The case study outlines how UMass involved budget directors from all campuses in selecting a standardized yet flexible budgeting tool. Axiom enables the collection of consistent data across campuses, allowing for informed decision-making and better analysis. The document also discusses the challenges faced in system-wide reporting and how Axiom enhances the ability to provide detailed financial information to the university's board, ultimately allowing finance leaders to focus on data analysis rather than data collection.