The ALM solution is giving the bank an intuitive, easy-to-use yet sophisticated ALM analytical tool that provides the essential foundation for efficient, effective and confident risk analysis and enhanced funds transfer pricing, or FTP, functionality. With branches in both Wisconsin and Arizona, Johnson Bank is already actively using the ALM solution’s FTP functionality.

According to David Adam, senior vice president of finance for Johnson Bank, the bank chose to replace a homegrown FTP system in favor of Wolters Kluwer Financial Services’ ALM solution, gaining an integrated tool that relies on the same core data for both ALM and FTP. Wolters Kluwer tailored the solution, including advanced FTP functionality, to meet the specific needs of Johnson Bank.

“Wolters Kluwer Financial Services’ OneSumX FTP and ALM functionality and integration will create operational efficiencies over multiple systems,” said Adam. “Empyrean is led by former bankers who wrote the code and collaborated with us for an end-user vision that resulted in a tight product that is functional without being overwhelming. Combined with Wolters Kluwer Financial Services’ deep industry expertise and financial services focus, the alliance between the two creates an end-to-end solution for managing ALM that was best suited to our needs.”

The ALM solution is part of the OneSumX solution suite, a complementary and comprehensive ecosystem of governance, finance, risk and compliance solutions and services that allows financial organizations to address a single risk or business issue, but in the context of a much larger and more holistic way. An organization’s finance, risk and compliance areas can work together with a common goal of helping maintain profitability and find additional ways to safely grow the business.

“Our solution was specifically designed by risk management practitioners and provides sufficient daily granularity for accurate ALM and FTP analysis using one platform,” said Chris Maclin, vice president, Finance, Risk & Reporting for Wolters Kluwer Financial Services. “Dedicated to user productivity and efficiency, our OneSumX ALM solution provides the flexibility to model the unique characteristics of individual institutions and is one of the most intuitive modeling systems available in the market.”