Case Study: Eastern Bank achieves streamlined budgeting, unified reporting, and improved capital-project ROI with Strata Decision Technology (Axiom)

Eastern Bank Enhances Budgeting, Capital Planning with Axiom Software

Eastern Bank, the Boston-based largest and oldest mutual bank, faced rapid growth and shifting regulatory demands that strained its budgeting, reporting and capital-planning processes. To gain a single, unified system for budgeting, profitability by business line, and capital project analysis, Eastern Bank selected Strata Decision Technology’s Axiom Financial Institutions Suite as its budgeting and reporting solution.

Strata Decision Technology implemented Axiom to centralize data and automate budgeting and reporting, giving more than 200 users a single source for P&L and departmental reports and enabling about 100 department managers to run payroll reconciliations directly. The solution delivered faster processing times, more time for business analysis, business-line P&L visibility, monthly department-level costing and robust ROI/risk analysis for capital projects, while Strata Decision Technology’s real‑time support improved adoption and ongoing performance.

Eastern Bank

Michele Keith

Vice President of Finance