When crunching budget numbers, complex credit unions with several branches and departments might feel like they are searching for a needle in a haystack. Error-prone Excel spreadsheets...

Axiom Budgeting and Forecasting solution helps financial institutions deliver timely and accurate information to support best-in-class financial performance management. Learn more!

FMS Financial Managers Society; authored by Bryan Ridgway and Kenneth M. Levey April 19, 2016 For the better part of two decades, financial institutions have watched their net interest...

Ninety percent of CFOs surveyed say they should be doing more with the financial and operations data they have at hand.

Data-driven decision making related to your customers/members and prospects is required to compete in today’s banking environment. Read more.

Guest blog written by: Mark Hutchinson, Vice President and Director of Financial Planning and Analysis at STAR Financial Bank This is the third and final blog in our series on Incentive...

Since the financial crisis, the banking industry as a whole has been reporting record profits for several quarters, at least in terms of dollar figures. Unfortunately more meaningful measures of bank profitability–such as average return on equity, average return on assets, and net interest margin–have remained depressed or stagnant.

(Part 3 of a 3-part blog series) Preparations for the 2018 budgeting process are underway in financial institutions. Few people relish the experience, which is often characterized by long hours and vast differences between the future financial performance executive stakeholders want and what management can deliver. Aligning strategic plans with tactical plans and associated budgets often does not occur or the linkages among these pieces are weak.

Study finds growing sophistication in measurement and control—and more need. But some basics keep on rolling

(Part 2 of a 3-part blog series) In this follow-up blog, I explore how to better identify individual customer value—first by measuring the contribution of each customer to overall institution profitability, and then by assessing the full scope of each customer’s influence.

Jennifer Meyers discusses how her team leverages Axiom Software for planning, reporting, and funds transfer pricing at Colorado-based Westerra Credit Union. Watch now!

On the one hand, the prevalence of stagnant net interest margins across the industry suggests that community institutions would be desperate to get an accurate picture of exactly where...