Axiom has completely transformed our budgeting process
November 10, 2021
Axiom has completely transformed our budgeting process
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Axiom Software (formerly Axiom EPM)
We use Axiom for all of our internal Financial Reporting, Budgeting, Forecasting, and Organizational Profitability including FTP. The FP&A and Accounting Departments use Axiom on a daily basis for Financial Reporting and daily custom ad hoc analysis. We do have many users with a limited license which allows them to view reports in Axiom but limits their ability to save data or make any changes in the software. Axiom has cut our overall Budgeting processing time in half and we continue to find more efficiencies within the system every year due to the extreme flexibility and customization that the Axiom software allows.
- Extremely flexible and dynamic allowing for customizations that align with our business needs
- The database structure within Axiom allows us to create custom tables for adhoc data analysis
- The processing time of Axiom (daily imports, monthly imports, Budgeting processes) are extremely favorable allowing us to cut our budget cycle time in half compared to our previous system.
- The learning curve of their buildout of reporting is a bit confusing and definitely has some room for improvement. Once the concepts are learned and adapted, the reporting is extremely powerful.
- Technical Support. The Technical Support team is extremely knowledgeable and they always resolve our issues in a timely fashion, however; the issue is getting a hold of a real person. Axiom relies heavily on email correspondence with support which lags the overall effectiveness, especially in urgent cases.
- Axiom has allowed us to cut our overall budget cycle time in half with a much higher level of accuracy in all facets of the budget.
- Axiom has allowed us to Forecast, specifically Non Interest expense and Fee income at a very detailed and accurate level compared to our previous system.
- The processing time of consolidating the Budget results went from about 8 hours in our previous system to 5 minutes in Axiom (35000 customer records)
The only other system I have worked with was the Fiserv MPC product, which is what we had Axiom replace. The Fiserv MPC product does not even come close to the functionality of Axiom. For our Budget, we would have to run an Excel Macro in Fiserv MPC overnight which took about 8 hours to process in order for us to to see the results of the inputs we did the previous day. With Axiom, the non-margin items (Non-Interest Expense, Non-Interest Income) are real time - as soon as you click Save, the data is available. On the Cash Flow Margin side (Loans & Deposits), it takes about 5 minutes to fully process in Axiom approx. 30,000 records, which is extremely favorable.
Do you think Axiom Software by Syntellis Performance Solutions delivers good value for the price?
Yes
Are you happy with Axiom Software by Syntellis Performance Solutions's feature set?
Yes
Did Axiom Software by Syntellis Performance Solutions live up to sales and marketing promises?
Yes
Did implementation of Axiom Software by Syntellis Performance Solutions go as expected?
Yes
Would you buy Axiom Software by Syntellis Performance Solutions again?
Yes