bankingciooutlook

Fiserv Empowers Financial Institutions to Make the Right Business Decisions with New Financial Planning and Forecasting Capabilities

Banking CIO Outlook | Thursday, August 06, 2020

Axiom Planning and Profitability, a software-as-a-service (SaaS) solution, is offered through a relationship between Fiserv and Syntellis Performance Solutions, a provider of enterprise performance management (EPM) software, data, and analytics solutions.

FREMONT, CA: Fiserv, a leading global provider of payments and financial services technology solutions, is equipping financial institutions to better evaluate and plan for risks in the current operating environment with the release of a robust 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 provider of enterprise performance management (EPM) software, data, and analytics solutions.

“Financial institutions need real-time access to accurate forecasting and budgeting data to effectively respond to rapidly changing market conditions. 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,” said Aldor H. Delp, senior vice president and general manager of the Digital Efficiency Group at Fiserv.

Axiom Planning and Profitability is a financial analysis and planning solution that includes budgeting, profitability analysis, forecasting, long-range planning, scenario modeling, and management reporting. The solution will be integrated with the Prologue suite from Fiserv, a resilient set of technologies designed to analyze financial health, improve 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. 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,” said Kermit S. Randa, chief executive officer of Syntellis Performance Solutions.

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