Axiom Software Used by 3 of the 10 Largest Farm Credit Associations
SKOKIE, Ill. – September 13, 2018 – Kaufman Hall announced today that the company is tracking significant growth in its 2018 software sales to financial institutions for the third consecutive year. Kaufman Hall is a leading provider of enterprise performance management and decision support software, and management consulting services.
Kaufman Hall welcomed numerous Axiom Financial Institutions Suite clients in Q3, including First Mid-IL Bancshares, Inc., Alerus, and FirstOntario Credit Union. Institutions frequently choose Kaufman Hall to help them effectively scale operations, leveraging the company’s deep expertise in finance and the financial services industry.
Matthew Smith, Chief Financial Officer at First Mid-IL Bancshares, Inc., explained why it selected Axiom Software: “We wanted to find a solution that would help us automate processes and be more efficient in our reporting and budgeting, given our significant growth path over the last few years, which we expect will continue. We looked at several options to meet our needs, and Axiom Software easily stood out above the rest as the best solution.”
Kaufman Hall is committed to serving a variety of financial services institutions, including those specializing in farm credit. Axiom Software is used by three of the 10 largest farm credit associations in the U.S., including Compeer Financial.
“Holding more than $19 billion in loan and lease assets, Compeer Financial is the third largest cooperative in the Farm Credit System,” said Lisa Campbell, V.P., Financial Planning and Analysis, Compeer Financial. “After merging 1st Farm Credit Services, AgStar Financial Services, and Badgerland Financial to form Compeer, we selected Axiom Software to meet our growing budgeting, forecasting, and analytics needs. We look forward to significant efficiencies and greater data visibility across the institution, leveraging Kaufman Hall’s expertise to implement best practices throughout our processes.”
“We are very pleased with our continued momentum helping financial institutions leverage a unified platform to improve their processes around budgeting, reporting, and profitability analysis,” said Ken Levey, Vice President of Financial Institutions at Kaufman Hall. “We also enjoy tremendous client satisfaction, and are very proud to report an extremely high retention rate among financial institutions.”
To learn more about the Axiom Financial Institutions Suite, visit /software/industries/financial-institutions.
About Kaufman Hall
Kaufman Hall provides software and advisory services to help financial institutions realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans and strategic decisions to consistently achieve their goals.
Kaufman Hall’s Axiom Financial Institutions Suite provides sophisticated, flexible performance management solutions for banks, credit unions, and farm credit associations that empower finance professionals to analyze results, model and forecast scenarios, and optimize organizational decision-making. Solutions for strategic decision management, budgeting and forecasting, funds transfer pricing and profitability management, reporting and analytics, and incentive compensation management are delivered on a single unified platform.