Many of the world’s largest and most sophisticated corporates rely on SkySparc’s uniquely deep levels of expertise in optimizing 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 different 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 has appointed TradeTech Consulting/Virtusa veteran Daniel Alenius to lead its Outsourced Support business.
SkySparc is now providing clients with patch upgrades ‘as-a-service’ to improve project efficiency and reduce risks.
SkySparc is excited to confirm the successful completion of an archiving project for Hydro, the Norwegian aluminium and renewable energy company. SkySparc consultants partnered with in-house staff to deliver on schedule and on budget a tailored solution using OmniFi to format and transform data from Wallstreet Suite ASP to an internal data warehouse solution.
SkySparc is delighted to announce the deepening of its partnership with another multinational corporate. The treasury team is already using OmniFi’s data migration capabilities as part of a group-wide treasury operations reengineering project and will extend the usage of OmniFi to include reconciliation with other internal systems.
SkySparc is delighted to announce the further adoption of OmniFi in the German market, which is now being used by a multinational corporate treasury client to support a major strategic initiative. Due to its versatility, OmniFi is being deployed to accelerate a number of key phases across this complex and multi-stage project. This includes migration, configuration management and extensive testing during the project.
SkySparc is extremely pleased that our long-established partnership with a large European corporate treasury client has deepened recently and we have expanded our project team as a major strategic implementation enters a new phase.
SkySparc is supporting the corporate treasury team at Hydro, the Norwegian aluminum and renewable energy company, to archive data from its Wallstreet Suite.
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.