Case Study: Minnwest Bank achieves 46% asset growth without adding finance headcount with Strata Decision Technology's Axiom platform

Minnwest Bank Sees Double-Digit Asset Growth, Without Adding Finance or Accounting Headcount

MinnWest Bank, a family‑owned Minnesota institution serving commercial, agricultural and retail customers, faced an outdated finance environment—its core general ledger lacked flexible reporting and analytics, slowing decision‑making. To modernize, MinnWest selected Strata Decision Technology and deployed the Axiom™ suite (Axiom Planning; Axiom Reporting and Analytics; Axiom Funds Transfer Pricing and Profitability; and Axiom Incentive Compensation Management) to gain agility and Excel‑friendly reporting without relying on Excel as the backbone.

Strata Decision Technology’s Axiom implementation consolidated affiliate financials, enabled product/customer/individual profitability analysis, and tied incentives to funds transfer pricing, letting managers drill into anomalies in minutes instead of hours or days. The result: a 46% asset increase (from $1.6B to $2.3B) while Finance and Accounting headcount stayed flat, faster integrations of acquisitions, and clearer, more timely reporting and accountability across the bank.

MinnWest Bank

Todd Wenzel

Chief Accounting Officer