“The Axiom Software Suite has helped us enhance and automate the infrastructure for our financial reporting process,” said Dan Stubblefield, Corporate Controller for Pinnacle Financial Partners.
Portland, Ore. (PRWEB) April 07, 2016
Kaufman Hall, which provides management consulting services and enterprise performance management software, announced that $8.7 billion, Nashville, Tenn.-based Pinnacle Financial Partners will be implementing its Axiom Software Suite for Financial Institutions, including solutions for budgeting and planning, reporting and analysis, and profitability to support performance management initiatives.
Unlike other platforms, the Axiom Software Suite embraces the familiarity of Microsoft Excel® while eliminating the pain points often associated with standalone spreadsheets. This provides Pinnacle Financial Partners with better control over its budgeting and forecasting processes and provides the flexibility to easily make changes as needed.
Previously, Pinnacle Financial Partners manually integrated its performance management data from multiple sources to generate basic budget reports. By implementing the Axiom Software Suite, the bank will completely automate this process and gain comprehensive reports that are interactive and actionable and that link directly to the data source. The bank can bring in data from other systems including their asset liability management (ALM) and payroll systems and then drill-down to analyze all aspects of the institutions performance.
“The Axiom Software Suite has helped us enhance and automate the infrastructure for our financial reporting process,” said Dan Stubblefield, Corporate Controller for Pinnacle Financial Partners. “We can integrate cash flow forecasts, scenarios and strategic plans into our budgeting process. We are excited about our partnership with Kaufman Hall.”
About Pinnacle Financial Partners
Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. Pinnacle’s focus begins in recruiting top financial professionals. American Banker recognized Pinnacle as the third best bank to work for in the country in 2015. The firm began operations in a single downtown Nashville location in October 2000 and has since grown to more than $8.7 billion in assets at Dec. 31, 2015. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in the state’s four largest markets, Nashville, Memphis, Knoxville and Chattanooga, as well as several surrounding counties. Additional information concerning Pinnacle, which is included in the NASDAQ Financial-100 Index, can be accessed at http://www.pnfp.com.
About Kaufman Hall
Kaufman Hall provides management consulting services and enterprise performance management software that help organizations realize sustained success amid changing market conditions. Since 1985, we have been a trusted advisor to board s 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 to consistently achieve their goals. Kaufman Hall’s Axiom Software Suite 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 and forecasting, strategy management, incentive compensation management, profitability management and funds transfer pricing, reporting and analytics, and loan portfolio analysis are delivered on a single integrated software platform. For more information, please visit http://www.kaufmanhall.com.