BROOKFIELD, Wis.—Saying it is seeking to help financial institutions better evaluate and plan for risks in the current operating environment, Fiserv is introducing a real-time forecasting and budgeting solution.
Axiom Planning and Profitability, a software-as-a-service (SaaS) solution, is offered through a relationship between Fiserv and Syntellis Performance Solutions, a leading provider of enterprise performance management (EPM) software, data, and analytics solutions, according to the company.
“Financial institutions need real-time access to accurate forecasting and budgeting data to effectively respond to rapidly changing market conditions,” said Aldor H. Delp, senior vice president and general manager of the Digital Efficiency Group at Fiserv. “By offering Axiom Planning and Profitability, we’re able to empower financial institutions to plan for changes in their markets with an ‘at a glance’ view of their performance combined with insight into how it affects their overall strategy and operating model.”
What’s Included
Fiserv said Axiom Planning and Profitability is a financial planning and analysis solution that includes budgeting, forecasting, profitability analysis, scenario modeling, long-range planning, and management reporting. The solution will be integrated with the Prologue suite from Fiserv, which the company said is a robust set of technologies designed to analyze financial health, enhance reporting accuracy and proactively manage risk.
“In this particularly challenging rate and economic environment, financial institutions need seamless integration between their financial systems and access to reliable, real-time data to advance their strategic goals and remain competitive,” said Kermit S. Randa, chief executive officer of Syntellis Performance Solutions. “We’re proud to work with Fiserv, another industry leader, to ensure finance teams and executives have the best tools for budgeting, forecasting, profitability and planning.”