Axiom EPM, a maker of financial-planning software, has upgraded its performance-management system in a way that the company says will help banks make better decisions.

The new version of the Profitability program, announced Monday, has improved analytics and a new dashboard, Axiom said. The upgrades are intended to help banks and other financial firms to improve their decision-making and gain insight into their customers, products and organization, the company said.

"The enhancement of Axiom EPM's financial solutions will further support banks and credit unions' ability to navigate today's dynamic landscape and drive more profitable growth, which is an ongoing challenge within the financial services industry," said Ken Levey, Axiom's vice president of financial institutions, in the news release.

Axiom also announced the promotion of Bob Markus to financial institutions practice manager, and the hiring of Tom McCarthy as a senior solution engineer and Paul Panther as a senior consultant for financial institutions.