United Nations Federal Credit Union implements Axiom EPM’s performance management suite to enhance analytical capabilities, further growth and member benefits
PORTLAND, OR (January 21, 2015) — Axiom EPM, a leading provider of financial planning and performance management software for financial institutions, announced that United Nations Federal Credit Union (UNFCU) has successfully implemented Axiom EPM’s performance management platform to better align its financial processes and operations, using data to drive its decision-making and identify more opportunities in the marketplace.
UNFCU, headquartered in Long Island City, N.Y., is a not-for-profit financial cooperative with more than $4.2 billion in assets, which serves the financial needs of the United Nations community globally.
UNFCU replaced its profitability management system to utilize Axiom’s single, unified platform. After evaluating several competitive solutions, the organization selected and implemented Axiom EPM’s comprehensive platform to drill down and gain information for planning, reporting and analytics. The tool provides a quick assessment of product performance, funds transfer pricing, and internal reporting channels, thereby strengthening UNFCU’s Business Intelligence Portfolio.
“Having a central management platform dedicated to evaluating data and mitigating risk allows our team to make more informed business decisions in light of ever-changing market conditions,” said Donald Roe, senior vice president of Finance at UNFCU. “Our goal is to provide outstanding service and value to our global membership and the Axiom EPM suite is a sound solution to deliver on our long and short-term strategies.”
“More than ever, today’s credit unions want to have a clear picture of what truly drives costs and affects their net income,” said Ken Levey, vice president of Financial Institutions for Axiom EPM. “Axiom EPM’s profitability management solutions enable institutions like UNFCU to strengthen their cooperative business models, providing greater efficiencies and service to their members.”
UNFCU, founded in 1947, offers a wide range of flexible savings, loan, investment and insurance products, as well as advisory services and supports causes important to the United Nations worldwide. Headquartered and with branches in New York City and an office in Washington, D.C., UNFCU has representative offices in Geneva, Switzerland; Vienna, Austria; Nairobi, Kenya, and Rome, Italy. For more information, visit www.unfcu.org.
About Axiom EPM
Axiom EPM provides sophisticated, flexible performance management solutions for banks and credit unions that empower finance professionals to analyze results, model the future and optimize organizational decision making. Solutions for budgeting & forecasting, strategy management, incentive compensation management, profitability management & FTP, reporting & analytics, and loan credit quality analysis are delivered on a single unified platform. Axiom EPM embraces and extends Microsoft Excel® functionality, allowing finance professionals to manage data in a familiar environment – while providing unmatched modeling flexibility and enterprise performance. Axiom EPM is a wholly-owned subsidiary of Kaufman Hall and Associates.