OmniFi automates report production and distribution, driving efficiency and accuracy
The challenge
For a global corporate treasury with more than 100 operating units worldwide, timely and accurate reporting is business critical. The treasury team is responsible for providing daily visibility to senior management and stakeholders across the group—covering liquidity, FX exposure, counterparty risk, investment performance, and in-house banking activities.
However, compiling and distributing these reports had become increasingly time-consuming and resource-intensive.
Key challenges included:
- Complex reporting landscape: Coordinating data and outputs across more than 100 entities and multiple regions.
- Manual processes: Extracting data from several systems and manually compiling results in Excel consumed significant treasury time.
- Quality and consistency: Manual processing introduced a high risk of error and made it difficult to ensure timely, professional presentation.
Recognizing the need for a more streamlined and automated approach, the treasury initiated a project to modernize its reporting infrastructure.
“It was very refreshing to work with people who understood the system so well. The speed of implementation was impressive — and OmniFi represented excellent value for money.” — Assistant Treasurer
The solution
The treasury issued an RFP for a solution that could automate both the compilation and distribution of treasury reports while improving presentation quality and usability.
Following a rigorous evaluation process, SkySparc’s OmniFi was selected as the preferred solution for its flexibility, speed, and proven track record. During the demonstration, SkySparc’s consultants captured around 60% of the client’s requirements within a short timeframe — showcasing deep functional understanding and the efficiency of OmniFi.
Once implementation began, SkySparc re-engineered key reporting processes to eliminate manual steps and improve speed and transparency. For example, the preparation and distribution of monthly intercompany invoices were automated through OmniFi, while retaining an optional manual review step before final approval.
Automating the daily liquidity report and FX balance-sheet exposure report was particularly impactful, given their business importance and complexity. These reports now run automatically overnight using OmniFi’s scheduler, ready for review and distribution each morning. Reports include graphical breakdowns and commentary fields, ensuring clarity and ease of communication.
“We’ve been very impressed with the knowledge, expertise, and professionalism of the SkySparc team. They were a great implementation partner — quick to understand our needs and deliver effective solutions.” — Assistant Treasurer
The result
Today, the company uses OmniFi to manage its entire enterprise-level reporting process, including:
- Daily liquidity and FX balance-sheet exposure reports
- Mark-to-market, investment analysis, and counterparty exposure reports
- FX settlement reporting
- In-house bank account statements and monthly invoices
The new process delivers significant productivity and quality improvements:
- Reports can now be generated on demand or scheduled automatically.
- Distribution is flexible — via email, SharePoint, or other secure channels.
- Data accuracy and presentation quality have improved markedly.
OmniFi’s intuitive interface also enables treasury staff to build or adjust report templates themselves, reducing dependency on IT. For more advanced or regulatory reporting, such as EMIR, the team continues to rely on SkySparc’s specialized expertise.
“OmniFi has transformed our reporting. It’s fast, reliable, and easy to adapt. The SkySparc team delivered exactly what we needed — on time and with exceptional professionalism.” — Assistant Treasurer
This multinational company has operations in 150 countries. It runs a state-of-the-art treasury operation from its treasury center in the US and has treasury staff in Switzerland and Singapore. The treasury uses Wallstreet Suite for treasury and cash management and treasury accounting. Capital market instruments include FX forwards and swaps, interest rate and cross currency swaps and commodities. The company issues debt and commercial paper as part of its funding program and operates an in-house bank, including inter-company cash pooling and netting.
