Responding to the financial crisis and subsequent increasing regulatory scrutiny faced by the financial industry, Axiom Software Laboratories, a data, risk and financial management solutions provider, is extending its Templates Subscription Services to its entire client base.
According to Axiom SL, it is expanding its Template Subscription Service to cover forms, reporting structures and reporting intelligence to ensure timely delivery and integration of the changes mandated by regulatory agencies, providing clients with sufficient time to market. The New York-based firm noted in a release announcing the enhancement that it will continue to provide its clients the capability to generate any previous version of the reports and to run that against the same set of data -- a feature that the company said allows users to compare results of current and newly issued requirements from regulators.
Axiom's Templates Subscription Services are provided alongside ControllerView, Axiom's regulatory package to guarantee that users keep their reports up-to-date with new regulatory requirements across all reporting jurisdictions. According to the provider, the Axiom SL services team possesses a thorough understanding of clients' operations and how they can be impacted by new requirements, maintaining constant communication with regulators and monitoring upcoming changes to ensure clients remain compliant.
"We are happy to provide our existing and future clients with a service that eases the burden of a constantly changing regulatory environment," said Alex Tsigutkin, Axiom SL's CEO, in the release. "The Templates Subscription Services coupled with the flexibility, accuracy and performance of our technology empower our user community with the most advanced solution to achieve transparency in financial reporting."