Global corporate extends use of OmniFi in pursuit of greater treasury process automation
The challenge
A global corporate treasury needed to deliver timely, accurate, and professional reports to senior management and more than one hundred operating units worldwide.
Its core tasks included daily liquidity and FX balance-sheet exposure reporting, counterparty exposure, investment analysis, and monthly account statements and invoices for its in-house bank.
Compiling and distributing these reports had become increasingly resource-intensive due to:
- Complex global structure: with 100+ operating units, reporting requirements were extensive and multifaceted.
- Manual workload: large volumes of data were extracted from multiple modules and processed manually in Excel, consuming valuable treasury time.
- Quality risks: manual compilation was error-prone, slowing delivery and reducing confidence in results.
With growing data volumes and rising demands for accuracy and speed, the treasury recognized the need for a streamlined, automated reporting solution.
“It was very refreshing to work with people who understood the system so well. Speed of implementation was impressive – OmniFi also represented excellent value for money.” — Assistant Treasurer
The solution
The treasury launched an RFP to identify a solution capable of automating report compilation and distribution while improving quality and presentation. After a thorough evaluation, SkySparc’s OmniFi was selected for its flexibility, user-friendliness, and proven record in enterprise treasury environments.
During the demonstration, SkySparc’s consultants captured about 60% of the client’s requirements within a very short timeframe. Their combination of technical and financial expertise gave the treasury confidence that OmniFi could deliver both speed and precision.
Once implementation began, SkySparc re-engineered existing reporting processes to eliminate manual steps and optimize efficiency. For instance, monthly intercompany invoices—previously prepared manually—were automated while preserving a required manual review step before distribution.
Automating the daily liquidity and FX balance-sheet exposure reports delivered immediate impact. These reports now run overnight using OmniFi’s scheduler, ready each morning for review and automated distribution with accompanying commentary and visual summaries.
“We’ve been very impressed with the knowledge, expertise, and professionalism of the SkySparc team. They quickly understood our needs and provided effective solutions.” — Assistant Treasurer
The result
Today, the company uses OmniFi for all enterprise treasury reporting needs, including:
- Daily liquidity and FX balance-sheet exposure
- Mark-to-market and investment analysis
- Counterparty exposure and settlement reporting
- In-house bank monthly account statements and invoices
The reporting process is now faster, more flexible, and more accurate. Reports can be generated on demand—such as for month-end or audit purposes—and distributed automatically via email, SharePoint, or secure internal channels.
Because OmniFi is intuitive and accessible to business users, the treasury team can create and adapt reports independently, while relying on SkySparc’s consultants for advanced projects such as regulatory (EMIR) reporting.
The result is a significant productivity gain: treasury staff now spend minimal time preparing reports and can focus on strategic analysis and core business activities.
“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
Quick facts
- SkySparc’s consultants delivered all project requirements rapidly thanks to deep functional expertise and OmniFi’s flexibility.
- Reporting is now fast, consistent, and high-quality—covering senior management, in-house banking, and 100+ global entities.
- Complex treasury reports are fully automated, freeing staff to focus on strategic work.
- New reports or modifications can be implemented easily by the treasury team as business needs evolve.
The client is a multi-billion-dollar turnover pharmaceuticals company, with a high volume of cash inflows and outflows. A Europe-based international treasury center oversees non-US liquidity for hundreds of entities and subsidiaries worldwide. Key treasury center tasks include managing pooled cash, administering an inter-company loan (ICL) book as an in-house bank, executing FX and cash investment transactions, as well as managing global banking operations. Due to high payment volumes, the liquidity management team makes intensive use of Wallstreet Suite’s (WSS) CMM and ACM modules, also using CLM for ICL administration and TRM for risk management purposes.
