Actuate e.Spreadsheet helps create new business opportunities
Customer Company Size
Large Corporate
Region
- Europe
Country
- Denmark
Product
- Actuate e.Spreadsheet
- SimCorp Dimension
- ReportSoft
Tech Stack
- Microsoft Excel
- Workflow Control
- Audit Trail
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Customer Satisfaction
- Digital Expertise
Technology Category
- Functional Applications - Enterprise Resource Planning Systems (ERP)
- Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Use Cases
- Process Control & Optimization
- Regulatory Compliance Monitoring
Services
- System Integration
- Software Design & Engineering Services
About The Customer
Sampension is a Danish pension fund manager known for its strategic and committed approach to managing pension funds. Over the years, Sampension has established itself as a leader in the industry, focusing on delivering innovative pension products to its clients. The company has been recognized for its excellence in utilizing technology to enhance its operations, as evidenced by winning a Partner Excellence Award from Actuate in 2008. With a large corporate structure, Sampension manages a significant portfolio of pension funds, requiring sophisticated systems to ensure accurate and efficient management of investments. The company's commitment to transparency and accuracy in its operations has been a key factor in its success, making it a trusted name in the pension fund management sector.
The Challenge
Sampension faced the challenge of introducing a new, evolving pension product that required precise calculations of yield allocations within their investment management system. These calculations needed to be applied to individual pension contracts, necessitating a secure and auditable environment. Additionally, the solution had to be accessible over the Internet to ensure transparency and accuracy for retail investors. The existing systems were not equipped to handle these requirements efficiently, prompting the need for a robust solution that could integrate with their core business systems.
The Solution
To address the challenges, Sampension implemented a solution based on Actuate e.Spreadsheet, which integrated information from three core business systems: SimCorp Dimension, an insurance system, and the general ledger system. This solution provided all the features of a Microsoft Excel spreadsheet, enhanced with workflow control, security, and a full audit trail. ReportSoft, the distributor of e.Spreadsheet, assisted in deploying the solution in under three months, minimizing the demands on internal staff. The implementation allowed for accurate and auditable data usage within the business and over the Internet, ensuring transparency and accuracy for retail investors. The solution enabled Sampension to produce key management information rapidly and accurately, reducing risk during financial turbulence. It also facilitated the reconciliation of account data into precise formats required for reports, with detailed backup available on demand and a full audit trail ready for auditors.
Operational Impact
Quantitative Benefit
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