- Sampo to benefit from improved reporting, limit and performance monitoring and support for its broad range of asset classes
London, 27 October 2003 - Trema, the premier provider of strategic software solutions to the financial industry today announced that Sampo, one of Scandinavia's largest combined Insurance and Investment companies has gone live with the latest version of Trema Finance KIT. Sampo, who is also one of Trema's longest-standing asset management clients, has implemented Finance KIT 6.0 to benefit from enhancements in functionality across front, middle and back offices, particularly in its derivatives handling, limit monitoring, and improved usability. Trema and Sampo worked together to develop a data testing process, which helped Sampo identify its functionality needs, and also assisted Trema in its development of the latest Finance KIT system.
Finance KIT 6.0, which has been specifically enhanced to meet the diverse needs of the asset management industry, automates the entire investment process from order management to general ledger. Other benefits include improved limit and performance monitoring as well as support for its broad range of asset classes, such as equities, money markets, IR-instruments, FX, equity derivatives, IR-derivatives and FX-derivatives.
Upgrading from an existing Finance KIT version meant that Sampo was already well acquainted with the operating framework, reducing the need for additional resources or training. Even though the user interface of the new version was functionally similar, Sampo has experienced improvements in the usability aspect of Finance KIT. These enhancements include extended lead management and faster, more accurate responses.
Veijo Hartikainen, IT Manager, Sampo, comments, "Sampo has been a client of Trema since 1997 and we have both worked to establish a unique relationship. By working so closely with us to identify our needs and then develop functionality to address those needs, Trema has demonstrated its commitment to Sampo and to the asset management market. This latest version of Finance KIT provides us with a solid base for enhancement in the future and we are already in discussion with Trema about how this might be developed."
Roy Williamson, Global Sales Director, Trema Asset Management, comments, "Trema is extremely pleased to have worked so closely with Sampo for so long. Their commitment to enhancing their own technology has helped Trema to develop Finance KIT 6.0, which brings with it a whole range of new asset management functionality. We hope this relationship continues and very much look forward to being able to support Sampo in the future."