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 reinforces US presence with senior hire. SkySparc, the leading independent provider of solutions for Wallstreet Suite, has appointed Philip Lake as Senior Engagement Manager for the Americas region.
We're proud to announce that ABB Group has outsourced part of the technical support for its treasury management system to SkySparc. The support includes the firm’s current v7.2 production environment and the different project environments for their ongoing v7.4 upgrade project. ABB will secure access to business and technical expertise and extra resources needed during the upgrade project.
After a successful preparation project in 2015, a major German corporate has selected SkySparc as a key partner for various functional and technical key areas, including quality assurance, of their ongoing major system upgrade project.
Toyota Financial Services has successfully completed an upgrade from Wallstreet Suite 6.5 to 7.4, on time and within budget. As lead partner on this reimplementation project, SkySparc provided a variety of services including upgrade advisory, quality assurance, transaction migration, configuration, CSDs and interfaces.
SkySparc’s new version of OmniFi eases upgrades through enhanced testing capabilities.
We are happy to announce that a German corporate has outsourced its treasury management system support to SkySparc. The transition was very smooth and risk free as we took over their current support team and complemented with our own staff.
We were honored to host 100+ representatives from more than 40% of the organizations using Wallstreet Suite during our 4th Annual SkySparc Global Client Forum.
A multinational corporate treasury is saving time and reducing risk by using OmniFi to automate their risk reporting processes.
New OmniFi case study: Re-engineered reporting delivers productivity and quality gains for multinational.