Portland, Oregon (PRWEB) April 28, 2014
Axiom EPM, a leading provider of financial planning and performance management software for financial institutions, announced that Five Star Bank, a New York-based institution with more than 50 branches and $2.9 billion in assets, has chosen Axiom EPM’s performance management platform to optimize its financial and operational processes to drive more profitable growth.
Five Star Bank was looking for a new performance management platform to have a clearer picture of how its customers, segments and products were impacting profitability to drive better decision making. After evaluating other competitive solutions, Five Star Bank selected several of Axiom EPM’s performance management solutions including profitability, planning, cash flow forecasting, and reporting.
“Axiom EPM provides one, unified platform that seamlessly integrates multiple performance management functions, which is exactly what our team was looking for to optimize our financial and operational performance,” said Michael Grover, chief accounting officer for Five Star Bank. “In today’s complex environment, it is critical that we leverage sophisticated, analytical performance management tools that help us efficiently plan our business, mitigate risk and improve profitability. We view Axiom EPM as a valuable partner and the flexibility of their solutions is unmatched compared to other platforms.”
“As market conditions continue to evolve, our goal is to provide today’s financial institutions with flexible solutions that optimize their financial planning and analysis processes,” said Ken Levey, vice president of Financial Institutions for Axiom EPM. “Institutions that can effectively define and execute on strategic plans will have a clear competitive advantage over their peers, and by leveraging Axiom EPM’s performance management platform, Five Star Bank will gain the insight they need to make more effective decisions and chart the bank’s future.”
About Five Star Bank
Five Star Bank, a subsidiary of Financial Institutions, Inc., provides a wide range of consumer and commercial banking services to individuals, municipalities and businesses through a network of over 50 offices and more than 60 ATMs in Western and Central New York State. For additional information, please visit http://www.five-starbank.com.
About Axiom EPM
Axiom EPM, a Kaufman Hall company, provides sophisticated, flexible performance management solutions for banks and credit unions that empower finance professionals to analyze results, model the future and optimize organizational decision making. Solutions for budgeting & forecasting, strategy management, incentive compensation management, profitability management & FTP, reporting & analytics, and loan credit quality analysis are delivered on a single unified platform. Axiom EPM embraces and extends Microsoft Excel® functionality, allowing finance professionals to manage data in a familiar environment – while providing unmatched modeling flexibility and enterprise performance. http://www.axiomepm.com