About Axiom Rolling Forecast

When performing annual budgeting, your organization can spend a lot of time and energy creating a budget that is usually out-of-date before the process is completed. In contrast, Axiom Rolling Forecast allows you to incorporate previously unknown assumptions, new initiatives and other changes on a quarterly basis. A monthly/quarterly forecasting approach allows your organization to navigate an environment of constant change with a more nimble, dynamic, and fluid process. This allows you to adjust for factors that you might not have known three months ago. Moving from or complimenting the annual budget process to rolling forecasts allows you greater flexibility in responding to fluid situations.

Advantages of rolling forecasting include:

• A much quicker, less time-consuming process than traditional budgeting.
• The ability to respond to changes in a timelier (monthly/quarterly) manner vs. annual budget process.
• Keeping projections more in line with recent actuals.
• Focus on continuous improvement in key metrics.

The Axiom Rolling Forecast process takes your actual data and rolls it horizontally into quarters, projecting out the quarters for the next two to three years. This process also provides you the flexibility to roll up your organizational structure vertically into forecast categories, such as Radiology, Surgery, and so on instead of individual departments and grouping your account structure into income statement categories (For example, Salaries, Supplies, Purchased Services, and so on).

While Axiom Software is flexible and powerful enough to support any approach to financial management, the real value of the software comes from Kaufman Hall's library of healthcare-specific templates, reports, and utilities. Based on our 25+ years of experience as trusted advisors to healthcare institutions, these tools can help your organization establish and maintain the solid financial foundation necessary to fulfill its mission.

Axiom Rolling Forecast is supported by a team of specialists, who together have helped hundreds of healthcare organizations apply our solutions to meet their strategic and financial goals. During implementation, a Kaufman Hall Implementation Consultant will help you configure the application to match your organization's structure and preferences. Afterward, feel free to contact Kaufman Hall Support if you encounter any difficulties or unanticipated situations while using the software.