AX2394
What's new
Axiom Strategic Financial Planning for Higher Education delivers the following new features and enhancements for Release 2023.1:
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New Composite Financial Index KPI
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New Initiative Dashboard
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Ability to create new accounts with multiple dependent accounts
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Additional information on Scenario and Initiative pages
-
Additional flexibility in editing dimensions after beginning the SFP Actuals load
New Composite Financial Index
The Composite Financial Index is a common measurement of financial health in the Higher Education industry. All reports and dashboards that report SFP ratios and KPIs now include the Composite Financial Index.
You can configure and report on four ratios that comprise the Composite Financial Index:
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Primary Reserve ratio
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Viability ratio
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Return on Net Assets ratio
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Net Operating Revenues ratio
Use the Accounts page in the Command Center to configure which accounts comprise the metrics that information these ratios.
The Composite Financial Index is calculated automatically for historical data when you load Actuals. The corresponding value is displayed on the Home page. In addition, the Composite Financial Index is calculated by plan year for each scenario on the Ratios & KPIs tab.
New Initiative Dashboard
Use the Initiative Dashboard to analyze the individual impact from each initiative within a scenario. When performing this analysis, you can specify the impact on Operating Revenue or review the overall impact to Net Operating Results.
Create accounts with multiple dependent accounts
Previously, you could determine how plan values were calculated using the Percent Of calculation method to configure a single account on which another account was dependent. With this release, you can now configure the account to be a percentage of the sum of multiple accounts. You can continue to configure accounts on the same Accounts page within the Command Center.
Additional information on Scenario and Initiative pages
The Scenario and Initiative Groups pages now display additional contextual information. The Scenario Groups page displays the driver selections and number of initiatives in each scenario. The Initiative Groups page now displays the driver selection and number of scenarios in which each initiative is included.
Additional flexibility in editing dimensions after beginning the SFP Actuals load
Previously, you could not edit dimensions if the SFP Admin made any entries in the Data Collection Utility to save SFP Actuals. With this release, you can now edit dimensions if the most recent Actual year has $0 in all values, which provides you with a more effective window to edit dimensions during rollovers, if necessary.
Axiom Strategic Financial Planning for Higher Education delivers the following new features and enhancements for Release 2023.1:
-
New Composite Financial Index KPI
-
New Initiative Dashboard
-
Ability to create new accounts with multiple dependent accounts
-
Additional information on Scenario and Initiative pages
-
Additional flexibility in editing dimensions after beginning the SFP Actuals load
New Composite Financial Index
The Composite Financial Index is a common measurement of financial health in the Higher Education industry. All reports and dashboards that report SFP ratios and KPIs now include the Composite Financial Index.
You can configure and report on four ratios that comprise the Composite Financial Index:
-
Primary Reserve ratio
-
Viability ratio
-
Return on Net Assets ratio
-
Net Operating Revenues ratio
Use the Accounts page in the Command Center to configure which accounts comprise the metrics that information these ratios.
The Composite Financial Index is calculated automatically for historical data when you load Actuals. The corresponding value is displayed on the Home page. In addition, the Composite Financial Index is calculated by plan year for each scenario on the Ratios & KPIs tab.
New Initiative Dashboard
Use the Initiative Dashboard to analyze the individual impact from each initiative within a scenario. When performing this analysis, you can specify the impact on Operating Revenue or review the overall impact to Net Operating Results.
Create accounts with multiple dependent accounts
Previously, you could determine how plan values were calculated using the Percent Of calculation method to configure a single account on which another account was dependent. With this release, you can now configure the account to be a percentage of the sum of multiple accounts. You can continue to configure accounts on the same Accounts page within the Command Center.
Additional information on Scenario and Initiative pages
The Scenario and Initiative Groups pages now display additional contextual information. The Scenario Groups page displays the driver selections and number of initiatives in each scenario. The Initiative Groups page now displays the driver selection and number of scenarios in which each initiative is included.
Additional flexibility in editing dimensions after beginning the SFP Actuals load
Previously, you could not edit dimensions if the SFP Admin made any entries in the Data Collection Utility to save SFP Actuals. With this release, you can now edit dimensions if the most recent Actual year has $0 in all values, which provides you with a more effective window to edit dimensions during rollovers, if necessary.
For more information on these new features and enhancements, see the topics in this section or view the PDF version of the What's New document. For technical notes and upgrade considerations, see the release notes.
