Forward-thinking financial institutions rely on the role of the CFO for more than financial reporting. CFOs now balance traditional responsibilities with analysis and insights that inform strategy and drive growth.
Meeting today’s business challenges requires a what-if, scenario-based approach to finance. When combined with trusted technology, future-minded data analysis can drive profitable growth along with greater efficiency and accuracy. Data-driven analysis and disciplined thinking are essential to near-term success and long-term sustainability, but these require a unified product platform, increased transparency and the fundamental principles of corporate finance.
Axiom Planning and Profitability, offered via a relationship with Syntellis Performance Solutions, provides finance leaders with the tools needed to accurately quantify the financial impact of the decisions they face.
Axiom Planning and Profitability combines budgeting, long-range planning, forecasting, scenario modeling, and funds transfer pricing and profitability analysis on a single integrated SaaS platform. Using robust reporting and analytics capabilities, financial institutions are positioned to better manage and enhance financial and organizational performance with strategic, growth-focused decision making.
Analyze historical results and trends to better manage variances and root-cause analysis
Model future business scenarios to stay nimble as business conditions change
Mitigate and reduce risk by providing updated forecasts throughout the year
Improve strategic decision making with comprehensive and flexible reports, dashboards and data visualizations
Shorten overall budget cycles and increase operational efficiencies by automating processes
Gain new insights and visibility for improved profitability by understanding value drivers
Leverage Axiom Planning and Profitability with your enterprise performance management solutions and core banking platform from Fiserv as part of a broader strategy to drive overall corporate performance.
COVID-19 drove home the importance of a more data-driven and agile planning model, one that leverages up-to-date technologies and workflows that today's CFOs must have to quickly respond to market events.
CFOS are facing a range of budgeting challenges – lengthy budgeting cycles, inability to leverage data, lack of insights for strategic decision making and inadequate tools for budgeting and profitability. Our infographic presents the results of a recent survey regarding these budgeting challenges and recommendations on the best path forward.
Learn how CFOs can implement three strategies – tools, talent and data visibility – to help successfully lead their financial institution into the future.
Even amid uncertainty, financial institutions need to make astute decisions about product and service delivery, and plan for more stable times. CFOs need to understand the value of each profit contributor – and how it responds to change – to offer guidance that goes beyond reporting and monitoring.
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