Source: Kaufman Hall
Kaufman Hall, which provides management consulting services and enterprise performance management software, announced that $8.7 billion, Nashville, Tenn.-based Pinnacle Financial Partners will be implementing its Axiom Software Suite for Financial Institutions, including solutions for budgeting and planning, reporting and analysis, and profitability to support performance management initiatives.
Unlike other platforms, the Axiom Software Suite embraces the familiarity of Microsoft Excel® while eliminating the pain points often associated with standalone spreadsheets. This provides Pinnacle Financial Partners with better control over its budgeting and forecasting processes and provides the flexibility to easily make changes as needed.
Previously, Pinnacle Financial Partners manually integrated its performance management data from multiple sources to generate basic budget reports. By implementing the Axiom Software Suite, the bank will completely automate this process and gain comprehensive reports that are interactive and actionable and that link directly to the data source. The bank can bring in data from other systems including their asset liability management (ALM) and payroll systems and then drill-down to analyze all aspects of the institutions performance.
“The Axiom Software Suite has helped us enhance and automate the infrastructure for our financial reporting process,” said Dan Stubblefield, Corporate Controller for Pinnacle Financial Partners. “We can integrate cash flow forecasts, scenarios and strategic plans into our budgeting process. We are excited about our partnership with Kaufman Hall.”