Modernizing Budget Processes: Lessons in Change Management from Lehigh University

Successfully introducing new software in higher education requires more than just a smooth technical rollout — it demands intentional, well-managed organizational change to drive long-term adoption and impact. With thoughtful change management, institutions can reduce resistance, encourage collaboration, and minimize disruption. 

Why Higher Education’s Financial Crisis Is Compounded by a Collaboration Crisis

Higher education institutions are facing mounting financial pressure from declining enrollment, rising costs, shrinking international pipelines, and growing skepticism about the value of a degree. For many colleges and universities, the challenge is compounded by something less visible: disconnected leadership, fragmented data, and siloed systems that slow decision-making and weaken financial resilience. 

Yale Streamlines Budget Process and Improves Reporting with Axiom Software

Yale University transformed its budgeting and planning process with Strata’s Axiom® software, creating a more connected, flexible approach to financial management across its complex organization. With more than 450 users spanning academic departments, professional schools, museums, libraries, and administrative functions, Yale needed a solution that could support both detailed departmental analysis and high-level executive reporting. Axiom delivered a streamlined, Excel-based platform that unified budgeting, forecasting, and reporting into one integrated system.   

In-Year Labor Forecasting Best Practices: Improving Accuracy Through Real-Time Planning

In an environment where labor costs account for about 60% of institutional spending, colleges and universities must have tools and processes to precisely and continuously monitor these expenses.[i] Many institutions rely on annual forecasting, a once-a-year projection that’s often outdated by the time it’s fi