Custom Adapter Seamlessly Integrates Financial Planning & Analytics Engine with BI Tools for Optimized Organizational Decision Making and Profitability Management
June 5, 2013 — Orlando, FL — Information Builders, a leader in business intelligence (BI), analytics, information integrity, and integration solutions and, Axiom EPM, a leading provider of financial planning and performance management software for enterprises, today announced that they have formed a strategic business and technology partnership. Under the terms of this partnership agreement, Axiom EPM will be the preferred Enterprise Performance Management (EPM) partner for Information Builders’ clients, and Information Builders will be the preferred BI, data integration and quality partner for Axiom EPM clients.
The partnership is a reflection of the natural synergies between BI and EPM functions and also reflects how the office of the CFO and CIO are increasingly working closely together to introduce systems and processes that optimize business performance. The recent increase in big data and the volume and complexity of financial and operational information has contributed to an increasing need for more sophisticated models to support various forms of strategic and operational planning. Finance teams must become more agile and responsive to organizational needs, shifting their time away from more tactical data management tasks to spending more time modeling at the enterprise level and delivering high-value analysis that can impact decision making and ultimately profitability.
The combined value of the Information Builders and Axiom EPM partnership enables this transformation with proven expertise, methodologies and technology integration. To support this new partnership, Information Builders and Axiom EPM have jointly developed an adapter that enables WebFOCUS business intelligence users to seamlessly and securely query the Axiom EPM financial planning and analytics platform, empowering customers with a full range of business analytics tools to realize the promise and power of EPM. As a result, the robust financial planning content created and stored in the Axiom EPM application becomes a rich and trusted information source that can be consumed by a wide variety of decision makers and functions across the organization for real-time, in context, decision making.
The industry leading capabilities offered through the Information Builders and Axiom EPM partnership are being leveraged at Sterling Bank, one of the largest regional community banks in the western United States. Sterling Bank needed to rationalize a complex heterogeneous landscape composed of various legacy data sources. They also needed comprehensive performance management capabilities for planning, profitability measurement and incentive compensation. “The combination of Information Builders’ iWay and WebFOCUS tools along with Axiom EPM’s comprehensive performance management platform will deliver the trusted data governance along with the planning and profitability analytics required to understand the key business drivers and inform better decision making.” said Laura Roberts, SVP, Financial Planning & Analysis Executive, Sterling Bank.
In addition to complementary technologies, both firms share a singular business focus on their respective domains and make customer satisfaction the top priority —each ranking in the upper tier of various industry surveys. “We are extremely excited to be able to offer our customers the ability to seamlessly integrate strategic planning, budgeting, forecasting, profitability management and analytics on one integrated platform and database structure,” said Gerald Cohen, CEO, Information Builders. Mike Choi, CEO, Axiom EPM, added, “working with another privately held company that shares a common vision and focus on customer success will help ensure a successful business and technical partnership for many years to come.”
Founded by industry leaders with over two decades of experience in enterprise and reporting, Axiom EPM delivers solutions that empower the office of finance. Solutions for budgeting & forecasting, reporting & analytics, strategy management, capital planning, profitability & cost management are delivered on a single unified platform. Axiom EPM embraces and extends familiar Microsoft Excel® functionality, allowing finance professionals to manage data in a familiar environment – while providing unmatched modeling flexibility and enterprise performance. From an innovative technology platform, to robust industry solutions to market leading customer support, Axiom EPM provides financial professionals with the tools and knowledge to be successful.
Founded in 1975, Information Builders delivers state-of-the-art technology that is transforming business in all commercial industries, government, and education. As one of the largest independent, privately held companies in the software industry, Information Builders focus is ensuring customers can apply intelligence, integration, and integrity solutions to dramatically improve the performance of their entire organization. WebFOCUS Intelligence, the industry’s most comprehensive BI platform, offers easy-to-use BI, business analytics, and performance management capabilities to promote a proactive business culture that helps organizations gain a competitive edge. iWay Integration Solutions work on any platform, inter-operate with proprietary technologies as well as industry standards, support more than 300 database and application adapters, and lay the foundation for a real-time, integrated enterprise. iWay Integrity Solutions integrate, enrich, and transform data into relevant, timely, and usable information. Information Builders’ proven products help organizations to cut costs, reduce risk, achieve compliance, and improve business performance.