Axiom™ Allocations empowers institutions to develop allocations of revenue and expenses to support the annual budget process. This solution is critical for universities that analyze margins at a school/program level or run a responsibility centered management (RCM) budget model. The data associated with budget allocations is stored in Axiom’s centralized database, so it is available for reporting and analysis and can easily be rolled over from one year to the next.
Axiom Allocations enables institutions to:
- Manage complex allocation rules and associated metrics (e.g., FTE, square footage, student credit hours, major, minor, etc.)
- Provide a cost allocation mechanism for indirect expenses
- Increase data transparency for allocation rules across the institution
- Automatically incorporate allocation calculations into departmental budgeting processes
