Rolling Forward to a New Planning Year

As part of the implementation process, a Kaufman Hall Implementation Consultant helps you create an Axiom Financial Planning file group for the current year.

For the next or subsequent file year, however, you need to create a new file group and, optionally, fill it with data.

The Annual Rollforward Utility allows you to pull data from the file group for the current year and import it to the file group for the next year. Your organization typically performs this process annually to create a new model or set of new models with an updated time series.

If your actuals are up to date, the system performs the annual roll forward process for base year 2 and 3. During the Data Planning process, the new base year 3 (current fiscal year) is updated with budget or projection data, depending on your Axiom Financial Planning configuration. The following diagram shows you the steps that are required for rolling your financials forward to the next year.

NOTE: Axiom Financial Planning already includes file groups for 2016-2019, but to roll forward to years 2020 and beyond, you will need to create a new file group.

NOTE: All the steps after Data Planning only happen if you are using other Axiom Software products with Axiom Financial Planning.