Treasury insight expertly delivered.

The treasury management and Front Office systems were the key. We needed a solution that could support our move to the Matched Approach and deliver robust hedge accounting and IRRBB (Interest Rate Risk in the Banking Book) reporting – ALMIS® offered exactly that.

“We chose ALMIS® Cobalt for the market-to-market reporting. Setting up swaps was the key—now I get daily MTM information for our swap portfolio, which makes the collateral management process much easier. I don’t have to calculate things manually.”

One of the key advantages of ALMIS® is its integrated functionality, bringing together Regulatory Reporting, Hedge Accounting, and ALM within a single system. You’re working from one consistent dataset to deliver across multiple areas, which ensures consistency and enhances accuracy.

In contrast, firms using multiple systems for each function may face duplicated effort, loading and reviewing data three times over. This unified approach not only saves time but also supports greater data integrity and consistency across reporting outputs.

With Cobalt, you can expect it to be penny perfect, emphasising its reliability. The flexibility of Cobalt, particularly with different types of deals, has allowed for seamless integration, including the transition from wholesale to other deal types.

We didn’t have ALMIS® Hedge Accounting, but by 2019 our swap portfolio had become substantial enough that we chose to implement the module. It was the right time to do it as we started to see volatility, especially during the pandemic. We went to market for a solution and ALMIS® was a natural fit because our Treasury function was already running off the ALM system.

I would encourage everyone to do an ALMIS Health Check – the team were able to benchmark and create an action plan which has been highly beneficial in terms of performance improvements. It’s worth investing time in this even if it is only to cleanse old data.

We use ALMIS® to run everything across the Treasury function. I know having ingested data from Front Office and our core banking platform, we could be using at least up to 5-7 different solutions but having everything from one supplier is fantastic. Especially when it comes to training. We only need to train staff on one solution instead of multiple different ones.

I couldn’t manage Hedge Accounting in excel . The ability to drill down into data and see all individual cash flows with the ALMIS® software is invaluable.

Since we implemented the ALMIS® Hedge Accounting module in 2015 the software has served us well. Because ALMIS® have deep knowledge of what to expect from the audit process, the granular nature of data outputs has made review, reconciliation and reporting much easier.

When I joined the society, I was able to pick up the ALMIS® software quickly and felt confident using it’s features right away thanks to the extensive documentation and training available to users. It’s a sophisticated solution that is extremely user friendly and easy to navigate.

Our experience with the returns that we now process through the new ALMIS® Regulatory Reporting solution has encouraged us to think about other returns that we complete and how they would greatly benefit.

We have thoroughly enjoyed working with ALMIS® when testing this new technology and we’re excited to see how far the programme can go.

ALMIS® have set up very useful custom reports for us quickly to be able to see the weighted average cost of our Pay Fixed Receive Variable swaps by month and year, and complete our SMMA return, both of which had to be prepared manually before.

I really like the new reporting functionality in Cobalt. In the past, reports came in a standard format and we had to export and manipulate them quite a bit in Excel. Being able to “drag and drop” as well as add and remove columns/grouping levels and save all these customisations has saved us a lot of time.

Using the new ALMIS Regulatory Reporting solution has meant we have the ability to create our own cell mappings for returns which means we have been able to completely automate some of our regulatory returns. This has saved us a lot of time.

It does everything for macro and micro hedge accounting. It takes our Quantum data without the need for much manipulation. The masterclasses and specialist support is really great, and the upgrades keeps us up to date. We are starting to use ALMIS Cornerstone which I know will provide me with even more opportunities to save time.

I would recommend the ALMIS solution to all financial institutions of a similar size, as it manages all macro and micro hedge accounting requirements. The masterclasses, support, and continual upgrades are added bonuses to an already excellent software solution.

Since we implemented the ALMIS® Hedge Accounting module in 2015 the software has served us well. Because ALMIS have deep knowledge of what to expect from the audit process, the granular nature of data outputs has made review, reconciliation and reporting much easier.

One of the benefits of the ALMIS® solutions is that they use a single source of data ensuring consistency of information when we’re using it for treasury risk management, hedge accounting, regulatory reporting or forward forecasting. ALMIS International have an in-depth understanding of our industry and are continually looking at ways they can enhance their products and help their clients as the regulations change.

ALMIS® Hedge Accounting is a strong easy to use module with a lot of flexibility and functionality especially on the interest rate risk side. We also complete our regulatory reporting and COREP on ALMIS® and plan to use it for our Bank of England returns. And since moving to the ALMIS Cloud hosting platform we’ve enjoyed many benefits. It’s quick and reliable and all the software updates are actioned quickly by ALMIS International.

One of the biggest advantages of having a full ALM solution is that it’s underpinned by a single source of data. With this new regulatory reporting functionality, any data brought into the system populates the returns automatically, eliminating the need for any manual input.