State Treasury of Finland

enhanced performance reporting through OmniFi

The business case

To improve the performance reporting capabilities in State Treasury of Finland’s front and middle offices, with a focus on improving accuracy and reducing operational risk.

The solution

As a proprietary process automation and integration tool with user-friendly reporting capabilities, OmniFi interacts and retrieves data from all the standard Wallstreet Suite data sources, including transaction data, risk and performance data, client and other static data, to name but a few.

OmniFi has enabled us to save time through automation and has improved our reporting capabilities.

John Rogers, Senior Risk Manager, State Treasury of Finland

Making life easier

STF had an immediate need to improve its performance and risk reporting to ensure accuracy in a time efficient way while reducing the risk of errors. OmniFi interacts with and retrieves data from all the standard data sources within the treasury system, and creates complex composite reports which enable STF to produce tailor-made management reports presenting a snapshot of real-time data from selected data sources. With the ability to combine the retrieved data into one single report in Excel without the need for copy and paste, STF has significantly reduced operational risk. OmniFi allows STF to conduct several queries almost simultaneously, and specific to the needs of the front office. John Rogers, Senior Risk Manager comments; “We are now able to break down our interest rate sensitivity by interest curves in terms of our actual debt as well as against a benchmark almost in real time – which was rather time consuming and cumbersome for our front office to do before OmniFi.”

Full automation

OmniFi enables STF to save time through fully automating its reporting processes in the middle office. Rogers comments; “We have automated most of our reporting needs by running reports via batch activities overnight. OmniFi allows us to go a step further by enabling us to run reports based on real time and performance monitors, eliminating the need for manual copying and pasting to get the figures we need. OmniFi has enabled us to save time through automation and has improved our reporting capabilities. Essentially, through using OmniFi, the front office and STF management are able to gain easy access to the data created in Wallstreet Suite in a clear and stylish format.”In addition to the improved quality of reporting output, STF has also benefited from the ease of use, which comes with OmniFi as well as the knowledge that it uses treasury management system's security framework.

Rolling-out OmniFi

Following a thorough testing period in which STF were able to see for themselves the benefits of using OmniFi, STF rolled it out across the front and middle offices to a total of five users at the beginning of 2009. STF is primarily using OmniFi to produce reports to break down the interest rate sensitivity by interest rate curves and to compare actual debt versus benchmark. STF has benefited from the enhancements that OmniFi can bring to reporting and moving forward, STF’s middle office team will continue to adopt OmniFi’s complementary functionality including the Report Scheduler.

Through using OmniFi, the front office and STF management are able to gain easy access to data in a clear and stylish format.

John Rogers, Senior Risk Manager, State Treasury of Finland

The future

SkySparc is continually developing OmniFi and the Scheduler is a new functionality that enables users to schedule the refresh of a report at a set interval at any time of the day. The refresh is performed by a server side component that means that the computer doesn’t even have to be running when the report is scheduled to refresh. The Scheduler facility allows users to schedule the refresh of a OmniFi report document (Excel file) and store it as a new file.