Axiom Software by Syntellis Performance Solutions vs. SAP Profitability and Performance Management

Axiom is extremely well suited to optimize the Budget process. Using Axiom, we have cut our overall budget cycle time in half and have a much higher level of accuracy in all facets of the Budget including Fee Income, Expense, and Margin. Axiom is also well suited for advanced data users as you have the ability to create your own custom database tables which allows you to join to the existing Axiom tables and has allowed us to create custom reporting that we could not even think about on our previous system. The other big benefit of Axiom is that it sits on top of Microsoft Excel and inherits all of its functionality, which most people have experience with.

Incentivized

SAP Profitability and Performance is well suited in an organization/scenario where it aims to grow their profitability and optimize their business performance. It will offer strong financial analytics that are applicable in modern organizations and it will assure improved performance and enable purposeful marketing of your goods/services at prevailing profitable rate.

Incentivized

• Compared to a previous EPM we used, Axiom's template load and saving performance has been much better even for large plan files.
• Axiom consultants can create completely customized reports for any of the collected data. Super users within your organization can then fairly easily modify their work to create additional reports without Axiom's help (and invoices)
• Setting up user security is a fairly easy one-time task and very easy to maintain when people change departments, leave the organization, etc. I would recommend you use role-based security settings.
• Compared to our previous EPM, Axiom allows more customization and possibilities for templates. There's very few "the product can't do that" statements.

Incentivized

• Data enrichment (complex joins, lookups, and derivations).
• Complex allocations and calculations.
• Operates at a very high speed without disrupting the host HANA environment.
• Connectivity to BW HANA and BPC.

Incentivized

• Implementation is quite Complex and requires both IT and Financial buy-in
• Reporting solution has some learning curve for end users
• Calculation methods within reporting can be opaque and hard to trace

Incentivized

• We were forced to train some of our staff a bit as they faced various hurdles before getting familiar with the platform and using it efficiently.

Incentivized

For the scale of our implementation, Axiom only assigned two consultants who were both completely new to the company. It felt like we were all learning about the product together, when you would expect them to already be experts at their own product. The team also made a good bit of mistakes throughout production and go-live, which then caused more work internally for us. The team lead for our project also just left the company, so we'll see how next year's planning goes

Incentivized

We did get excellent support from SAP during our implementation project. We will see about the SAP support over the long term.

Incentivized

Axiom was selected based on the impression of ease of use and integration. It is capable of holding all of our entities data while giving us an easier more accessible way to deliver monthly Financials and reports to managers. Then in costing we signed up because the impression of budgeting.

Incentivized

• Forecasting has improved
• Complexity of analysis has improved as well
• Our main data has been confused as we started using Axiom

• Helps us make sound decisions that positively impact our future.
• Has simplified our financial planning process in our organization.
• Our portfolio has doubled and grown immensely.

Incentivized