In 2014 Kommuninvest launched KI Finans, a web based Debt Management solution which nowadays has over 1 000 users. Kommuninvest expects similar success when going live with a pioneering solution combining Financial Assets Management with their Debt Management.
The KI Finans solution provides Swedish municipalities, counties and their subsidiaries, such as housing, energy and other service companies, with powerful tools to manage their financial assets and liabilities. All relevant information related to their financial situation is processed and shown in one place, enabling a full understanding over risks, returns and the total picture of Debt and Assets combined.
“We are happy to have all our financial assets and liabilities ‘under one roof’. This will put us in greater control, steering us away from external dependencies and time-consuming manual routines, and hence make time for what’s important. The solution is very user friendly, intuitive and innovative”, comments Fredrik Holst, CFO of Landstinget Västmanland as an end user of the system.
The solution is delivered in cooperation of FinTech companies Finance Active and FA Solutions. The project has been finished on time and on budget, and Kommuninvest is now launching the system to municipalities and regions across Sweden.
”The debt management system supplied by Finance Active was received very well with over 1 000 users and 40 billion EUR managed in it. As our members also manage pensions, we wanted to offer them with a tool for financial asset management. Finance Active and FA Solutions have created a new innovative solution which combines multiple engines in one system with a superior user experience. We at Kommuninvest Business Development are extremely satisfied and we hope to build a bigger family of services going forward”, state Pelle Holmertz and Johan Sigge from Kommuninvest.