Nordic Financial Systems (NFS), the provider of technical and business integration services to the treasury industry, today announced the successful upgrade of Trema Finance KIT at FMO.
FMO (The Netherlands Development Finance Company) provides financial resources to the private sector in developing countries. FMO has been using Trema Finance KIT since 2001 to manage its treasury and risk operations. Trema Finance KIT handles processing across all financial products for FMO including its activities in developing countries, comprising mainly loans, equities and guarantees.
FMO needed a consultancy with in-depth knowledge of both treasury operations and Finance KIT, in order to ensure a smooth upgrade process. As a Trema platinum partner, NFS' knowledge of Finance KIT is unsurpassed and, through its experience in managing similar projects, NFS was able to demonstrate it was the most suitable partner for the project.
NFS consultants successfully upgraded FMO's Finance KIT installation from version 5.0 - 6.0. The project was completed on time and on budget.
Fredrik Lindström, Project Manager, NFS comments: "Increasingly, treasury operations are deciding to outsource upgrade projects. Upgrades are business critical and it is imperative that these projects are managed effectively to avoid any system downtime. Clients who outsource these projects to us profit from the knowledge gained from managing over 30 upgrade projects, a level of experience that it would be impossible for them to build internally. With our tried and tested upgrade methodology, over budget and over time upgrade projects can be a thing of the past.