OmniFi supports streamlined liquidity management
The challenge
As a global organization with complex banking relationships, this SkySparc client faced challenges in achieving full visibility and control over its liquidity.
Its decentralized structure required coordination with more than 100 banking partners worldwide, which complicated processes, delayed reporting, and reduced transparency. These inefficiencies limited the ability to optimize short- and long-term investments, while also creating reconciliation and compliance challenges.
To address these issues, the treasury function set out a strategic vision to simplify and automate global liquidity management. This required standardizing data flows, consolidating payment processes, and ensuring consistent, high-quality balance and transaction data from all banks.
The company first streamlined its global payment processes by introducing a universal ISO 20022 XML standard, concentrating cross-border payments with a smaller number of core banks. This harmonized approach boosted reconciliation automation to nearly 99%, creating a reliable foundation for further optimization.
However, auditors required proof that daily bank balance updates were fully consistent with general ledger data in the company’s ERP system. Even after statement standardization, local differences in formats, timings, and interest-application practices still caused discrepancies between reported and actual balances.
The solution
The company asked SkySparc to develop a solution using OmniFi’s powerful aggregation, visualization, and reporting capabilities to ensure data consistency and integrity.
SkySparc designed a process in which OmniFi automatically extracts and enriches bank balance data, reconciling it against treasury and ERP records several times per day.
The system flags anomalies and discrepancies—such as mismatched closing balances or delayed statements—and immediately generates summary reports and automated email alerts.
With more than 2,000 accounts worldwide, the new setup eliminated the need for manual reconciliation through bank portals or spreadsheets.
OmniFi’s automation freed staff from repetitive control tasks, allowing them to focus on higher-value analysis and liquidity optimization.
As confidence in the accuracy of balance data grew, the client further automated daily FX transactions used for liquidity optimization in key currencies. Deals could now be proposed automatically based on verified system data and defined parameters such as counterparties, currency thresholds, or funding requirements.
Encouraged by these results, the treasury team extended OmniFi’s role to intercompany loan (ICL) netting and settlement, a crucial part of its liquidity strategy.
OmniFi now consolidates data from multiple systems, enriching it with additional parameters such as interest, maturity, and outstanding balances.
The resulting visualized dashboards enable staff to identify liquidity optimization opportunities quickly and act on reliable, real-time information.
The result
The OmniFi-enabled solutions delivered significant progress toward the client’s vision of automated, data-driven global liquidity management.
By improving data quality, streamlining reconciliations, and eliminating manual routines, the company achieved greater speed, accuracy, and transparency in its daily operations.
In the next phase of its optimization strategy, the treasury updated its aggregation model to reflect a shift from notional pooling toward physical or virtual cash concentration structures. OmniFi continues to play a central role by ensuring consistent data quality across multiple systems and accounts, supporting new liquidity-forecasting and transfer-recommendation models that factor in tax, interest, and funding efficiency.
OmniFi has become a cornerstone of the client’s automation journey—providing the assurance, accuracy, and agility required to manage global liquidity effectively.
Quick Facts
- Automated reconciliation across thousands of bank accounts using OmniFi
- Enhanced liquidity visibility and audit confidence through automated reporting
- Simplified intercompany loan management via OmniFi’s aggregation and visualization capabilities
- Staff freed from manual control routines to focus on value-adding analysis
- Foundation established for future cash-pooling and liquidity optimization initiatives
The client is a multi-billion-euro international company operating a centralized treasury center responsible for global liquidity management, intercompany funding, FX execution, and investment operations. With thousands of bank accounts and high transaction volumes across regions, the treasury relies on OmniFi to automate reconciliations, enrich liquidity data, and support continuous process improvement.
