SKOKIE, Ill., Jan. 31, 2017 /PRNewswire/ -- Kaufman Hall, a leading provider of management consulting services, and enterprise performance management and decision support software, today announced that the company closed out 2016 amid record growth. Multiple software acquisitions, technology innovation and high customer satisfaction further strengthened the company's position as a leader in the strategic business planning space.
With the highly competitive business landscape and disruption persisting in many industries, such as healthcare, banking and higher education, finance professionals are leveraging modern enterprise performance management (EPM) technology and improved analytics to support strategic decision making and optimize the financial performance of their organization. Accordingly, Kaufman Hall Software experienced rapid growth in 2016 with a 37 percent increase in sales bookings and nearly 60 new enterprise customers. Leading organizations and prestigious universities – including Ascension Health, Trinity Health and Dignity Health, three of the largest non-profit health systems in the U.S.; American Airlines Credit Union, the 6th largest credit union in the U.S.; Yale University, Tufts University, and George Washington University – have selected Kaufman Hall's Axiom Software to improve strategic financial planning in areas such as budgeting, long-range planning and forecasting, cost containment and profitability.
This rapid growth is expected to continue in 2017 as more organizations strive to make improvements. According to a recent Kaufman Hall survey, more than 90 percent of finance professionals think they should be doing a better job of leveraging financial and operational data to inform strategic decisions. Outdated tools and processes were cited among the top challenges preventing effective financial planning and analysis.
With a commitment to continuous innovation and high customer satisfaction, Kaufman Hall released Axiom '16, the latest version of its core Axiom Software platform, and established SOC2 compliance to ensure a secure cloud platform. Cloud-based implementation of Axiom Software increased by 157 percent in 2016, underscoring the benefits of moving to the cloud, including ease of implementation, reduced IT overhead and optimal system performance. Axiom Software also received industry recognition from Gartner, BPM Partners and Blue Hill Research for delivering high levels of customer satisfaction.
Strategic business investments in 2016 included the acquisition of two software companies – Total Benchmark Solution and KREG Information Systems – that further extend Kaufman Hall's comprehensive performance management and decision support technology solutions. The company also hired a new CEO of Kaufman Hall Software and added 113 new software employees in 2016.
"We are excited to work with additional forward-thinking organizations in 2017 to help them elevate financial performance and stay competitive in the marketplace," said Tom Walsh, CEO of Kaufman Hall Software. "Kaufman Hall is proud to offer our customers a unique mix of innovative software products, such as Axiom Software, extensive in-house expertise, and a keen focus on high levels of customer satisfaction."
About Kaufman Hall
Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans and strategic decisions to consistently achieve their goals.
Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of our advisory services are unparalleled, encompassing strategy; financial and capital planning; debt and derivatives-related financial transactions; capital allocation and decision making; and mergers, acquisitions, partnerships, and joint ventures.
Kaufman Hall's Axiom Software provides sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, reporting and analytics, consolidations, capital planning, and profitability and cost management are delivered on a single integrated software platform. Kaufman Hall's Peak Software empowers healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.
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SOURCE Kaufman Hall