Login SA today announced that SOK Corporation, a member of S Group, is in the process of implementing Login-Acumen at its head offices in Helsinki, Finland.
Login SA is a leading supplier of advanced and integrated front office trading and risk management systems for treasury, derivatives and capital markets instruments. Login’s leading product Login-Acumen is built on 17 years of experience gained with major European Banks and financial institutions.
Suomen Osuuskauppojen Keskuskunta (SOK), founded in 1904, is a leading wholesale and retail company in Finland. As the central organisation of Finnish co-operative societies, SOK handles their purchasing and provides support services. Among the numerous S Group brands, one can list S Market - Finland’s largest grocery chain, Prisma hypermarkets, Sokos department stores and hotels, Radisson SAS hotels, Agrimarket for agricultural business and S-kanava.net for online services.
"Login has a long experience in the banking industry in Finland since its very first system implementation, 16 years ago" said Patrick Woehrling, co-founder and Managing Director of Login SA. "We are proud to have been selected by a leading Finnish corporation to provide Acumen together with Login’s financial solutions expertise and support services".
"License and implementation, cost effectiveness and customisation capabilities were very important issues for our selection committee last spring", stated Jari Annala, VP Finance at SOK. "Login’s good reputation here in Helsinki was one more reason to choose Login-Acumen for the management of our treasury and derivatives activities. Due to the purpose and strategic plans of S Group, our financial activities today require highly sophisticated front, middle office and risk management software".
Login and SOK plan to have Login-Acumen fully operational in early 2005.