Axiom EPM

Axiom EPM Gains Significant Traction with US Financial Institutions

Tremendous client growth is attributed to the company's industry-specific solutions and talented team of financial institution experts.

PORTLAND, Ore. – February 1, 2012 – Axiom EPM, a leading Enterprise Performance Management (EPM) software company, announces significant traction in the U.S. financial institutions market. In recent months over ten financial institutions have chosen to implement Axiom EPM solutions for functions including budgeting, forecasting, profitability measurement, funds transfer pricing, management reporting, incentive compensation, capital planning, and loan credit quality analysis. This success is the direct result of the Axiom EPM unified suite of finance-friendly industry solutions combined with a team of financial institution experts who excel at designing and implementing solutions tailored for this market.

“We’ve amassed a team of financial institution experts who truly speak the language of the industry, so we’ve been able to design solutions that meet many of the unique challenges facing banks and credit unions today. We believe our additional investment creates tremendous value for our clients and is a true differentiator for us,” said Michael Choi, CEO, Axiom EPM.

Adds Ken Levey, Financial Institution Director, Axiom EPM, “The team has been working diligently over the last 18 months to create performance management solutions that banks and credit unions need. Our recent success highlights that clients want industry-oriented solutions, not just generic applications, from their technology vendor.”

Financial institution clients have appreciated the additional capabilities Axiom EPM provides over “vanilla” performance management systems. For example in the context of budgeting Axiom delivers a cash-flow based balance sheet planning methodology based on its own processing of each loan and deposit record. “We chose Axiom EPM after reviewing a number of vendors due to their depth of understanding of banking, the strength of their team and the quality of their applications,” said Mark Coryea, Senior Vice President at Eastern Bank, an institution headquartered in Boston, Massachusetts, with $7.6 billion in assets.

Betty Ortega , SVP Financial Planning & Forecasting at BankUnited, a Florida-based institution with $11 billion in assets, commented, “It’s amazing what one single platform can provide us. We’re able to move away from disparate point applications to a unified platform to do activities such as budgeting and incentive compensation management.”

Outside analysts agree that Axiom EPM offers solutions that meet the complex and specific needs of financial institutions. Craig Schiff, CEO, BPM Partners, recently wrote on his blog that what makes Axiom EPM unique is “their depth of industry-specific functionality.” He added that Axiom EPM “is a good choice for anyone looking for a comprehensive and unified performance management solution, especially those in financial services.”

For additional information on Axiom EPM for Financial Institutions, contact Curran O’Brien, Axiom EPM Marketing Programs, or visit http://www.axiomepm.com.

About Axiom EPM:
Axiom EPM is an Enterprise Performance Management (EPM) software company that specializes in Performance Management solutions to mid-market and large-enterprise organizations around the world. In addition to its core technology, it specializes in the development of industry specific solutions for industries such as banking and healthcare. Axiom EPM provides customers with a unified performance management platform that embraces and extends familiar Microsoft Excel functionality while providing unmatched modeling flexibility and enterprise performance.