Many of the world’s largest and most sophisticated corporates rely on SkySparc’s uniquely deep levels of expertise in optimizing Wallstreet Suite for their treasury operations.
In more than 200 projects over 15 years, SkySparc has honed the skills and tools required to deliver efficiency, transparency and automation across all aspects of treasury management, thus supporting visibility, control and financial analysis.
SkySparc provides corporate treasuries with comprehensive and flexible support, meeting client needs through a combination of our three core services:
"Partnering with SkySparc means my team can
concentrate on our core treasury roles."
When working alongside the treasury consulting teams of the ‘big four’ audit firms, SkySparc plays a distinct, complementary role in serving corporate treasury clients. Using their unparalleled knowledge of Wallstreet Suite’s modules, capabilities and interfaces, SkySparc consultants translate strategic change management requirements into systems deliverables, enabling the system to meet users’ evolving corporate treasury criteria and priorities, smoothly and efficiently.
Taken together, SkySparc’s deep pool of experienced staff, investment in proprietary technologies and methodologies, and flexible approach to consultancy projects, offer corporate treasury clients a cost-effective but comprehensive range of tools and capabilities to optimize their use of their treasury/portfolio system in support of strategic goals.
Whether you are implementing a centralized treasury structure, meeting a new regulatory challenge, or driving new efficiencies in existing processes, SkySparc will leverage its unique combination of technical, functional and financial skills to support your corporate treasury’s objectives.
Using the tools and capabilities outlined above, SkySparc has built up an unparalleled track record in supporting the operational and strategic objectives of corporate treasury clients:
For a global corporate with 100+ units worldwide, SkySparc used OmniFi to generate an automated solution that delivers flexible, fast and high-quality senior management reports, daily liquidity positions, risk exposure analyses and in-house bank administration on daily, weekly and monthly basis. Read more
"We’ve been very impressed with the knowledge, expertise and professionalism of the SkySparc team. They were a great implementation partner. They quickly understood and provided very effective solutions in a timely manner."
SkySparc consultants used expert knowledge of WSS to configure OmniFi to automate a wide range of repetitive treasury processes for Toyota Financial Services. Benefits included lower levels of manual intervention, faster and simpler processes for key tasks, and more accurate and reliable mapping of new data to WSS and downstream systems. Read more
SkySparc assisted a German-owned, global vehicle manufacturing firm with the implementation of hedge accounting in its treasury management system, including automated generation of hedge transactions, effectiveness testing and establishment of parallel accounting (IFRS and German GAAP).
SkySparc used OmniFi to create an automated data extraction solution enabling Toyota Financial Services to value complex structured transactions daily, thereby enabling the firm to increase funding efficiency and enhance best practice. The project won Treasury Today’s Adam Smith Award 2014. Read more
"This solution has enabled TFS to get the full benefits of evolving valuation practices: increased funding efficiency, proactive risk management and operational/regulatory best practice."
The central treasury of a global mobile telecommunications firm selected SkySparc to provide a comprehensive outsourced WSS support solution, thus accelerating and improving response times, improving access to expertise and saving two FTE costs. Read more
To support the integration of a major acquisition, SkySparc established multiple import templates for a US-based global conglomerate, using OmniFi, and provided training to inexperienced treasury staff.
For a large US-based corporate treasury, SkySparc migrated 1000+ inter-company loans from spreadsheet to its treasury management system and created unit test cases.
The central treasury of a global manufacturing conglomerate switched from use of freelancers to a structured outsourced agreement with SkySparc that provides high levels of expertise and availability in a consistent, process-driven, but flexible service framework.
The central treasury at global telecoms corporation Ericsson reduced risk calculation speeds from hours to minutes via an OmniFi-based solution by SkySparc consultants, resulting in greater performance and confidence in the risk management process. Read more
SkySparc supported the efforts of a global pharmaceutical company to centralize its cash management processes by creating ISO 20222-based interfaces between banks, its ERP and WSS, thus replacing multiple proprietary bank interfaces with an industry-standard solution.
For the in-house bank of a global manufacturing firm, SkySparc took responsibility for administering multiple SWIFT access points and messaging processes worldwide, refining, updating and streamlining routing set-ups, before providing the client with the updated documentation required to manage its SWIFT message infrastructure in-house.
SkySparc is delighted to welcome aboard a new corporate client: leading Swedish telecom and mobile network operator Telia Company. The treasury team will benefit from our independent quality assurance services during their patch upgrade of its Wallstreet Suite ASP, as well as automating various treasury processes with OmniFi.
SkySparc is pleased to announce that we have extended our outsourced support services to ABB Group’s Zurich-based treasury team to include both technical and financial support.
SkySparc has added another major multinational corporate to its growing roster of US clients, following the decision a global pharmaceuticals firm to deploy OmniFi across a wide range of areas in treasury, including process automation, interfacing and reporting.
We are pleased to announce that a world leading telecommunications firm has re-engaged SkySparc to conduct a functional review to improve and update the firm’s risk reporting and analytics to support its evolving international footprint. Having previously collaborated on a number of important projects, SkySparc will again work closely with the treasury team on this strategic initiative, advising on best practice and making recommendations.
Featured in bob’s guide to treasury management systems: How to tell if it’s time to invest in a TMS
SkySparc continues investment in Outsourced Support service with new hire. SkySparc, the leading independent provider of solutions for Wallstreet Suite users, is delighted to announce the recruitment of Sam Cooley.
A major multinational corporate has extended its contract with SkySparc, which means we will continue to supply technical and functional consultancy services to support a major upgrade of its corporate treasury system.
We were honored to host 100+ representatives from more than 40 organizations during our 5th SkySparc Global Client Forum last week.
We are pleased that multiple clients have decided to take advantage of the improved usability and enhanced performance provided by v6.3, which boosts OmniFi’s automated testing and reporting capabilities. SkySparc is delivering the projects at a fixed price to ensure a smooth upgrade for our clients.