Be they financial instruments, liquidities or treasury, the process to manage any asset today has become highly complex. A single portfolio management, for instance, involves a series of steps, from identification of objectives, selection of asset mix, formulation of portfolio strategy, security analysis to portfolio execution, revision, and evaluation. Manually managing these processes is not just tedious and time-consuming but also characterized by facile errors. The Bergen, Norway-based fintech solution provider Escali Financial Systems is set to address the challenges by automating every process that the financial department will have regarding their financial assets. The company offers complete software solutions for the automation of debts, intercompany loans, cash, liquidity, derivatives, and securities to a plethora of businesses from banks, pension funds, insurers, investment companies to firms in the energy, utilities, estates and public sector.
The company offers Escali Financials, a software package for the complete management and performance measurement of financial instruments, leasing, and liquidity. It provisions the automation of entire workflow, enabling swift management of financial processes from accounting, payment, transactions to the calculation of rewards and risks of portfolios. Escali Financials is built in with integrated modules which can be availed independently or in combination to fulfill customers' specific requirements. Its modules include Stock/Funds, to facilitate the management and analysis of investitures in shares, equities and funds; Bank module to manage bank balances, time deposits, and liquidity; FX Derivatives to price, measure and manage FX derivatives, and more.
Our ultimate aim is to build solutions which could manage all the financial instruments without any human interaction
"We have built Escali Financials with integrations to approximately 50 accounting systems such as Microsoft Dynamics, SAP, to help our users have the best services to their disbursal, all in one place," states Gerdt Vedeler, Founder and CEO, Escali Financial Systems. Well aware of the reservation which businesses have towards automation, Escali Financial Systems' solutions are based on connections to reliable sources and ensure that it is the user who has the final control over the process automation.
Moving beyond Escali Financials, Escali Financial Systems has also come to offer Escali Risk Manager, an ingenious system for reporting and analysis of financial risks. Risk Manager comprehensively offers allocation and attribution analysis, calculation of risk measurements, value-at-risk (VaR), performance measurements and composite benchmarks. Escali Data Manager, an automated solution to import, process, and export market data, ranging from currency rates, quotes, master data, to bank balances, IBOR rates, and cash flows. Developed in partnership with prominent market data leaders such as Thomson Reuters, Bloomberg, Infront, Escali Data Manager provides highly reliable data. With such an impressive range of solution, Escali Financial Systems has indeed come to handle end-to-end financial processes.
Also, all these solutions are available on the cloud as Escali Online, and are hosted via the Microsoft Azure platform, thus providing customers with not just swift, cost-effective solutions but with the at-most security of their critical data. The security is further bolstered by the fact that all of these solutions have an inbuilt approval process to facilitate a flawless control and tracking of workflows.
Escali Financial Systems’ rich customer base in countries such as U.K, Norway, Sweden and Cyprus is indeed a testament to its efficacious solutions. Moving ahead, it looks forward to geographically expand in West-Europe. Furthermore, the company wants to refurbish its systems and move to the most advanced technology available. "Our ultimate aim is to build solutions which could manage all the financial instruments without any human interaction," concludes Vedeler.