Skandia Bank & Försäkring chooses OpusCapita's IT2 Treasury Management

9 May 2011

Automation brings better control.

New activities and regulations have increased pressure on Skandia Bank & Försäkring’s treasury department. Skandia has now replaced several old systems with a single new one, and at the same time gained a system that is intuitive and easy to use.

“New regulations involving banks and insurance companies place new pressures on our treasury. In response we have reviewed our routines and improved our ability to make risk analyses and reports. We have now found a partner with a modern system that meets our very high demands,” says Ouisem Samoud, acting head of Skandia’s Treasury.

The system offers greater automation and flexible reporting. In addition to functions such as advanced accounting and liquidity forecasting, simulations can also be run and there is a full Audit Trail available. The solution functions as a treasury ‘hub’ and includes CLS, value at risk, proactive limit processing, linking with trading portals and an in-house bank.

“We chose OpusCapita and IT2 once we found how user-friendly the system is and that it offers a comprehensive solution for our very complex operations. We now have better control and support for analyses and all financial and cash management routines,” says Ouisem Samoud.

OpusCapita provides services to companies that need to renew and automate their financial and liquidity management. Customers in 2010 included Tapiola, Tele2 and Sveafastigheter.

Skandia’s choice reinforces the status of the solution offered by OpusCapita and IT2 as a very sought-after treasury solution. “I am especially happy to see an old system replaced with modern solutions that cover not only corporate treasuries but even financial institutions,” says Kari J. Mäkelä, OpusCapita’s CEO.

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