Case Study: Lake City Bank achieves faster budgeting, reporting and profitability insights with Strata Decision Technology’s Axiom

Lake City Bank Realizes Ongoing Budgeting, Reporting, and Profitability Benefits

Lake City Bank, a $5.6 billion community bank with 50 branches, needed to replace a manual, multi‑tool budgeting and profitability process that required midnight runs and 20–24 hours to consolidate budget changes. The bank selected Strata Decision Technology’s Axiom suite (Axiom Funds Transfer Pricing & Profitability, Axiom Planning, Axiom Reporting and Analytics, and Axiom Cloud) to unify reporting, budgeting, and profitability on a single platform.

Strata Decision Technology implemented Axiom to automate data entry, reporting distribution, and scenario modeling, cutting consolidated budget processing to 30 minutes (about 98% faster), delivering 90% faster goal reporting, and enabling a 10x increase in reports with the same staff. The unified Axiom platform reduced manual work, improved accuracy for financial and regulatory reporting, provided daily actionable insights for executive decisions, and offered seamless cloud support that simplified IT and ongoing maintenance.

Lake City Bank

Ryan Neese

Vice President, Financial Planning & Analysis Manager