Kommuninvest selects Analyste CashForecast
The branded Liquidity and Investments solution will be available to all Kommuninvest’s municipality customers across Sweden.
ESPOO, October 4, 2019 ‐ Analyste has signed an agreement with Kommuninvest, for providing Analyste CashForecast for Kommuninvest’s customers. Kommuninvest provides financing services and related applications to nearly 300 organizations through their client portal KI Finans. Analyste CashForecast will be embedded into the portal as “KI Liquidity & Investments” module. The application consolidates financial data from KI Finans with future operative cash flow data originating from the municipalities’ ledger systems, as well as bank statements from the end users’ banks.
“For us it was decisive that we can seamlessly incorporate CashForecast to our own systems and branding, without a long go‐to‐market time”, says Björn Söderlundh, Head of lending at Kommuninvest, and continues: “The feedback from our pilot customer group is promising and we expect a successful launch to contribute to increased customer satisfaction.”
International growth is one of the cornerstones in Analyste’s strategy. “In the beginning of the year, we set out to focus especially on growth in the Swedish market. Kommuninvest is the dominant service provider for Swedish municipalities, and this cooperation puts us straight onto the leaderboard for the Swedish public sector. It validates our strategy splendidly,'' says Analyste CEO Mikko Soirola. Sanna Outa‐Ollila, Director, International Business adds: “We are excited about the opportunity to serve such a large group of organizations in different sizes and learn more about the Swedish market. The Kommuninvest team is great to work with and their active end users provide relevant feedback, making it easy for Analyste to commit to a successful launch. “
Analyste ties together bank interfacing and streamlining of Treasury processes in organizations of all sizes and shapes. Thousands of companies and public sector organizations rely on Analyste’s secure and high availability solutions to streamline their Cash Management and treasury processes. Analyste is headquartered in Espoo, Finland, with offices in Tampere and Chandigarh.
Kommuninvest is a municipal cooperation for efficient and sustainable financing of housing, infrastructure, schools, hospitals etc. Together, we get better loan terms than each one individually. Since its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 289 municipalities and counties/regions are members of this voluntary cooperation. With total assets exceeding SEK 400 billion (USD ~44 billion), Kommuninvest is the largest lender to the local government sector and one of the ten largest credit institution in Sweden. The head office is located in Örebro.
Analyste: Anna‐Lisa Natchev, Anna‐Lisa.Natchev@analyste.com, +358 50 413 0704
Kommuninvest: Björn Bergstrand, firstname.lastname@example.org, +46 708 86 94 76
Press release date: 4.10.2019