SkySparc acquires Inovotek Solutions to strengthen its capital markets expertise and expand delivery across Murex, Calypso, and FIS platforms

Thorough testing is key to a quality implementation

Testing methodology and OmniFi deliver robust, transparent results

The challenge

SBAB wanted to upgrade its core financial system from Wallstreet Suite version 6.5 to 7.4 in order to take advantage of extensive new functionality and improve performance. This was a major project with Board-level approval and visibility, requiring significant investment and impacting key areas of the bank. A high-quality implementation and timely delivery were both essential. During the project scoping, the project management team decided to revise and re-configure many aspects of the existing long-standing system set-up, such as naming of portfolios and other static data. “These additional changes would bring us really worthwhile benefits, but they added to the complexity of a large project,” says Helena Tummings, business project manager for SBAB. Another challenge was the number of interfaces and dependencies with other departments, since each of these would need sign off before the project could complete.

We knew SkySparc for their deep knowledge of their well-developed testing methodology and for their OmniFi testing platform. Given the emphasis on quality and auditability of the project, it was very helpful to have SkySparc manage the end-to-end testing as an expert third party with a clear and documented methodology.

Helena Tummings, Business Project Manager, SBAB

The solution

To ensure the project and its results were fully auditable and robust, a threepillar model was defined to segregate responsibilities for configuration (led by Helena Tummings), interface development and IT (led by another external partner together with SBAB’s IT department) and testing, which SBAB asked SkySparc to manage. Says Tummings: “We knew SkySparc for their deep knowledge of Wallstreet Suite, their well-developed testing methodology and for their OmniFi testing platform. Given the emphasis on quality and auditability of the project, it was very helpful to have SkySparc manage the end-to-end testing as an expert third party with a clear and documented methodology.”

SkySparc provided two business consultants, who were on-site throughout the implementation, and a testing manager for the project. First they scoped and agreed the test plan with the client and built a library of test cases, suitable for use throughout the testing phases. The SkySparc team then managed the configuration testing, unit testing and systems integration testing and coordinated the user acceptance testing for final sign off before go-live. This required SkySparc’s consultants to work as part of a multi-disciplinary project team and with business end-users during the user acceptance testing.

The extensive re-configuration of the system meant the configuration testing was particularly challenging, requiring extensive mapping from old formats to new before the testing could commence. OmniFi’s easy-to-use graphical user interface makes mapping straightforward and its automation features ensure that testing can be completed much faster than manual processes and with complete consistency. As a result, the extra work was completed, ensuring the reconfigurations were fully checked, without impacting the overall project timetable. “SkySparc brought a lot of experience and problem-solving capacity to the project,” says Tummings.

The result

Implementation of the upgrade project was scheduled to run for just over a year – and it completed on time and within budget limits. Importantly, these targets were met without compromise to the original scope of the project and with sign-off given by all relevant departments and user groups. “We achieved everything planned,” says Tummings, “and the clean-up and re-configuration of the data and portfolios has really delivered the performance benefits we wanted.” “The success of the upgrade project has been widely recognised across SBAB; it has become a reference project within our organization,” says Tummings.

Tummings also values the knowledge transfer from the project, which has allowed the in-house team to use OmniFi extensively and understand how it can increase efficiency in the finance department. “We have had OmniFi for some years, but by working with SkySparc’s consultants during the project we have seen its versatility across different processes. We now have some powerusers in our team, who will be able to exploit OmniFi’s potential in other areas as well.”

SBAB Bank AB was established in 1985 and is wholly owned by the Swedish state. SBAB began challenging conventions early, first as a residential mortgage institution and later as a bank. SBAB offers loans and savings services in areas where our ability to challenge and simplify gives us the market’s most satisfied customers. The products are divided into two areas: lending and savings. The lending area offers residential mortgages, loans to tenant-owner associations and retail loans. The savings area offers savings accounts and mutual-funds. SBAB has approximately 470 employees, with offices in Karlstad, Stockholm, Gothenburg and Malmö. SBAB’s Finance and Accounting Department runs Wallstreet Suite as the core financial system for treasury management. Aggregated lending and savings data is imported from the banking systems to ensure a complete view of the balance sheet for group-wide risk management.

Industry
Contributors
Subscribe to newsletter
By subscribing you agree to with our Privacy Policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Introduction

Mi tincidunt elit, id quisque ligula ac diam, amet. Vel etiam suspendisse morbi eleifend faucibus eget vestibulum felis. Dictum quis montes, sit sit. Tellus aliquam enim urna, etiam. Mauris posuere vulputate arcu amet, vitae nisi, tellus tincidunt. At feugiat sapien varius id.

Eget quis mi enim, leo lacinia pharetra, semper. Eget in volutpat mollis at volutpat lectus velit, sed auctor. Porttitor fames arcu quis fusce augue enim. Quis at habitant diam at. Suscipit tristique risus, at donec. In turpis vel et quam imperdiet. Ipsum molestie aliquet sodales id est ac volutpat.

Image caption goes here
Dolor enim eu tortor urna sed duis nulla. Aliquam vestibulum, nulla odio nisl vitae. In aliquet pellentesque aenean hac vestibulum turpis mi bibendum diam. Tempor integer aliquam in vitae malesuada fringilla.

Elit nisi in eleifend sed nisi. Pulvinar at orci, proin imperdiet commodo consectetur convallis risus. Sed condimentum enim dignissim adipiscing faucibus consequat, urna. Viverra purus et erat auctor aliquam. Risus, volutpat vulputate posuere purus sit congue convallis aliquet. Arcu id augue ut feugiat donec porttitor neque. Mauris, neque ultricies eu vestibulum, bibendum quam lorem id. Dolor lacus, eget nunc lectus in tellus, pharetra, porttitor.

"Ipsum sit mattis nulla quam nulla. Gravida id gravida ac enim mauris id. Non pellentesque congue eget consectetur turpis. Sapien, dictum molestie sem tempor. Diam elit, orci, tincidunt aenean tempus."

Tristique odio senectus nam posuere ornare leo metus, ultricies. Blandit duis ultricies vulputate morbi feugiat cras placerat elit. Aliquam tellus lorem sed ac. Montes, sed mattis pellentesque suscipit accumsan. Cursus viverra aenean magna risus elementum faucibus molestie pellentesque. Arcu ultricies sed mauris vestibulum.

Conclusion

Morbi sed imperdiet in ipsum, adipiscing elit dui lectus. Tellus id scelerisque est ultricies ultricies. Duis est sit sed leo nisl, blandit elit sagittis. Quisque tristique consequat quam sed. Nisl at scelerisque amet nulla purus habitasse.

Nunc sed faucibus bibendum feugiat sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.

Odio felis sagittis, morbi feugiat tortor vitae feugiat fusce aliquet. Nam elementum urna nisi aliquet erat dolor enim. Ornare id morbi eget ipsum. Aliquam senectus neque ut id eget consectetur dictum. Donec posuere pharetra odio consequat scelerisque et, nunc tortor.
Nulla adipiscing erat a erat. Condimentum lorem posuere gravida enim posuere cursus diam.