December 19, 2013 - Axiom Software Laboratories, Inc. (AxiomSL), global provider of regulatory reporting and risk management solutions, announced today its inclusion in the 2014 Chartis RiskTech100® rankings. In its eighth edition of the report, Chartis named AxiomSL the winner in the "Customer Satisfaction" category.

Risk management has become increasingly important as the regulatory landscape continues to increase in complexity. It is crucial that firms are able to achieve regulatory compliance in a timely manner while keeping abreast of the changing mandates across the globe. The common trend among regulations, such as Dodd–Frank Wall Street Reform and Consumer Protection (Dodd-Frank) Act, European Market Infrastructure Regulation (EMIR) and Basel III, is the drive for increased transparency, data integrity and a new level of granularity required to meet all filing requirements.

"We are delighted to be selected as a top risk technology provider for the RiskTech100® and receive the highest rank in customer satisfaction," said Alex Tsigutkin, CEO, AxiomSL. "As the regulatory landscape continues to evolve, our dynamic, data-driven platform provides customers with the transparency and flexibility they require to manage risk and regulatory compliance across multiple jurisdictions."

The RiskTech100® report evaluates the world’s most significant companies in the risk technology sector and is acknowledged globally as the most comprehensive and prestigious study of risk technology providers. In the customer satisfaction category, Chartis evaluated AxiomSL’s performance in the below areas:

• Value for money: the price-to-functionality ratio of the solution and the solution’s total cost of ownership versus the license price
• After sales service and support: ease of software implementation and both the level of support and quality of training
• Product updates: the frequency of updates, as well as the ability to keep pace with both best practices and important regulatory changes

“AxiomSL received some of the best feedback scores in our end-user surveys and interviews,” commented Peyman Mestchian, Managing Partner at Chartis. “Many of AxiomSL’s customers commented positively regarding the ease and speed of implementation with a particular focus on data integration and out-of-the-box functionality.”

AxiomSL’s platform enables strategic enterprise-wide collaborative reporting infrastructure to meet current regulations and serve as the foundation for regulatory reporting environment of the future. Financial institutions leverage AxiomSL’s robust solution to meet the numerous industry-wide challenges for new business process model, including automation of complex reporting business logic, data integration, governance and accountability with stringent timeframes. The AxiomSL solution enables seamless integration of multiple systems data models without forcing expensive data transformation into common data formats.