Finaprins
Solutions for Finance & Treasury Departments
At Finaprins, we understand the critical data challenges faced by Finance & Treasury departments. We provide specialized data engineering services to help you overcome these hurdles, streamline operations, and unlock strategic insights. Here’s how we can help with specific jobs you need to get done.
- Job to be Done: To have an accurate, up-to-date, and consolidated view of cash positions across all bank accounts (domestic and international) at any given time, enabling informed short-term financial decisions.
- Typical Problems/Issues:
- Manually aggregating data from multiple banking portals is time-consuming and prone to errors.
- Different banks provide data in various formats, making consolidation difficult.
- Lack of a single source of truth for real-time cash visibility.
- Delays in accessing information can lead to missed investment opportunities or overdraft risks.
- Data is not readily available in a format suitable for internal reporting or analysis tools.
- What Finaprins Does: We enable a clear, accurate, and timely consolidated view of your cash balances by ensuring your cash position data is clean, standardized, and easily accessible.
- How Finaprins Does It:
- Internal Data Integration and Reporting: We can help integrate data feeds from your various banking systems.
- Data Transformation: We convert bank statement data from disparate formats into a standardized structure required by your Treasury Management System (TMS), ERP, or internal reporting dashboards.
- Continuous Data Quality Monitoring: We implement processes to ensure the accuracy and reliability of the ingested bank data.
- TradeView Platform: Our platform can be leveraged to manage these data flows efficiently, providing a robust infrastructure for data aggregation and transformation.
- Compelling Reason to Buy: Achieve real-time, accurate visibility into your global cash positions with significantly reduced manual effort, enabling quicker, more confident decision-making around liquidity management and minimizing operational risk.
- Job to be Done: To accurately predict cash inflows (e.g., customer payments, investment returns) and outflows (e.g., supplier payments, payroll, debt servicing) over short-term horizons (daily, weekly, monthly) to optimize liquidity and working capital.
- Typical Problems/Issues:
- Forecasting relies on data from multiple, often disconnected, internal systems (AR, AP, sales, payroll).
- Manual data collection and consolidation for forecasting models are inefficient and error-prone.
- Inconsistent data formats and quality issues in underlying data lead to inaccurate forecasts.
- Difficulty in incorporating historical trends and real-time data into forecasts effectively.
- Spreadsheet-based forecasting is cumbersome and lacks scalability and version control.
- What Finaprins Does: We empower you to build more accurate and reliable short-term cash forecasts by providing a foundation of clean, consolidated, and well-structured data from all relevant sources.
- How Finaprins Does It:
- Internal Data Integration and Reporting: We consolidate data from your ERP, CRM, AP/AR systems, and other relevant sources.
- Data Transformation and Standardization: We transform this diverse data into a consistent format suitable for your forecasting models or tools.
- AI Data Pipelines: For more advanced forecasting, we can develop AI-ready data pipelines, ensuring your models are fed with high-quality, prepared data.
- Continuous Data Quality Monitoring: We ensure the ongoing accuracy of the data streams feeding your forecasts.
- Compelling Reason to Buy: Improve the accuracy and efficiency of your cash flow forecasting, leading to better liquidity planning, optimized working capital, reduced risk of shortfalls, and enhanced ability to identify investment opportunities for surplus cash.
- Job to be Done: To ensure that all cash transactions recorded in the company’s books match the bank’s records, identifying and resolving discrepancies promptly to maintain accurate financial reporting and internal controls.
- Typical Problems/Issues:
- Manual matching of thousands of transactions is incredibly time-consuming and tedious.
- Bank statement formats vary and may not align with internal system data structures.
- Errors in data entry (both internal and by the bank) lead to discrepancies.
- Delays in reconciliation can obscure fraudulent activities or errors for longer periods.
- Lack of automated tools or expertise to handle complex reconciliation logic.
- What Finaprins Does: We streamline and enhance the accuracy of your bank reconciliation process by transforming and standardizing bank and internal data for easier matching and discrepancy identification.
- How Finaprins Does It:
- Trade Data Conversion & Standardization (applied to financial transactions): We convert bank statement data and internal ledger data into compatible, standardized formats. Our expertise with formats like FpML and CDM can be adapted to financial transaction messaging standards if applicable.
- Trade Data Reconciliation (principles applied): While not strictly “trade” data, the logic of reconciling records is similar. We can help build the data foundation to feed your reconciliation tools or even develop custom matching rules based on standardized data.
- Internal Data Integration: We ensure data from your banking partners and internal systems are efficiently brought together.
- TradeView Platform: Can be used to manage the data flows and transformations required for reconciliation processes.
- Compelling Reason to Buy: Significantly reduce the time and manual effort spent on bank reconciliations, improve accuracy, accelerate the identification of discrepancies, and strengthen internal controls, freeing up your team for more value-added analysis.
- Job to be Done: To accurately identify all transactions, assets, and liabilities denominated in foreign currencies and quantify the potential financial impact of adverse exchange rate movements on the company’s cash flows and financial position.
- Typical Problems/Issues:
- FX exposure data is often fragmented across multiple systems (ERP, TMS, subsidiary ledgers, spreadsheets).
- Lack of a centralized, real-time view of total FX exposure across different currencies and entities.
- Inconsistent valuation methodologies or use of outdated FX rates for exposure calculation.
- Difficulty in aggregating and netting exposures to understand the true risk profile.
- Manual processes for collecting and consolidating exposure data are error-prone and inefficient.
- What Finaprins Does: We enable comprehensive and accurate FX risk identification and quantification by consolidating, standardizing, and enriching your exposure data, and integrating reliable market data.
- How Finaprins Does It:
- Internal Data Integration and Reporting: We consolidate FX-denominated transaction, asset, and liability data from your various systems.
- Market Data Sourcing & Validation: We source, validate, and integrate accurate FX spot and forward rates from your preferred providers or help you access cost-effective alternatives.
- Trade Data Transformation & Standardization: We standardize your exposure data into a unified format, potentially aligning with industry models (like FpML for FX derivatives used in hedging).
- Data Models Implementation: We can help map your FX exposure data to structured models to facilitate consistent analysis and reporting.
- Compelling Reason to Buy: Gain a clear, accurate, and timely understanding of your complete FX risk exposure, enabling more effective hedging strategies, better financial planning, reduced P&L volatility, and compliance with reporting requirements.
- Job to be Done: To understand the company’s sensitivity to interest rate fluctuations by identifying all interest-rate-sensitive assets (investments) and liabilities (debt), and to monitor and report on this exposure regularly.
- Typical Problems/Issues:
- Data on debt instruments and investments may reside in different systems or spreadsheets.
- Difficulty in aggregating details like principal amounts, interest rates (fixed vs. floating), reset dates, and maturities.
- Lack of reliable and timely market data for floating rate benchmarks.
- Manual processes for calculating interest rate sensitivity (e.g., duration, VaR) are complex and slow.
- Reporting on interest rate risk is often a manual, periodic exercise rather than a continuous monitoring process.
- What Finaprins Does: We provide a clear and consolidated view of your interest rate exposures by integrating relevant portfolio data with accurate market data, facilitating robust monitoring and reporting.
- How Finaprins Does It:
- Internal Data Integration and Reporting: We consolidate data on your debt instruments and investment portfolios from various sources.
- Market Data Sourcing & Validation: We source, validate, and integrate accurate interest rate benchmark data (e.g., SOFR, EURIBOR) and yield curves.
- Data Transformation & Standardization: We standardize your financial instrument data into a consistent format for easier analysis and input into risk models.
- Data Models Implementation: If you use specific models for interest rate risk (e.g., for Asset Liability Management), we can ensure your data is structured appropriately.
- Compelling Reason to Buy: Achieve better visibility into your interest rate risk profile, enabling informed decisions on funding, investment, and hedging strategies, ultimately protecting your net interest margin and financial stability.
- Job to be Done: To create comprehensive, accurate, and timely financial plans (budgets) and rolling projections (forecasts) that guide operational decisions, resource allocation, and strategic planning.
- Typical Problems/Issues:
- Gathering input data from various departments and systems is a manual, time-consuming process.
- Data quality issues (inaccuracies, inconsistencies, incompleteness) in historical and operational data undermine the reliability of budgets and forecasts.
- Consolidating data from different sources and business units into a unified financial model is challenging.
- Spreadsheet-based processes are prone to errors, version control issues, and lack scalability.
- Limited ability to perform robust scenario analysis or quickly adjust forecasts based on changing market conditions.
- What Finaprins Does: We streamline your budgeting and forecasting processes by providing a solid foundation of clean, consolidated, and reliable historical and operational data, ready for your planning models.
- How Finaprins Does It:
- Internal Data Integration and Reporting: We integrate actual financial and operational data from your ERP, HR systems, sales platforms, and other relevant sources.
- Data Transformation and Standardization: We cleanse, transform, and standardize this data into a consistent format required by your budgeting/forecasting software or models.
- Continuous Data Quality Monitoring: We implement checks to ensure the ongoing accuracy of the data feeding your planning processes.
- AI Data Pipelines / Data ready for AI development: For advanced forecasting techniques, we prepare data to be AI-ready, enabling more sophisticated predictive modeling.
- Compelling Reason to Buy: Accelerate your budgeting and forecasting cycles, improve their accuracy and reliability, reduce manual data wrangling, and free up your finance team to focus on strategic analysis and value-added insights rather than data collection and reconciliation.
- Job to be Done: To build, maintain, and utilize robust financial models that support critical decision-making processes such as evaluating new investments, assessing the impact of different strategic options, and conducting “what-if” scenario analyses.
- Typical Problems/Issues:
- Financial models heavily rely on accurate and timely data inputs, but sourcing and preparing this data is often a major bottleneck.
- Using inconsistent or outdated data across different models leads to unreliable outputs and flawed decisions.
- Integrating data from various internal systems and external market data sources into models is complex and manual.
- Difficulty in ensuring data integrity and auditability within complex spreadsheet models.
- Updating models with new data is time-consuming, hindering the ability to perform frequent analyses.
- What Finaprins Does: We empower your financial modeling capabilities by ensuring your models are fed with high-quality, structured, and readily accessible data from all necessary internal and external sources.
- How Finaprins Does It:
- Internal Data Integration and Reporting: We provide a consolidated stream of your internal financial and operational data.
- Market Data Management Solutions: We source, validate, transform, and integrate crucial external market data (e.g., FX rates, interest rates, commodity prices, equity prices) required for your models.
- Data Transformation and Standardization: We structure and format data specifically for easy ingestion into your financial modeling tools or platforms.
- AI Data Pipelines / Data ready for AI development: As modeling becomes more sophisticated, we ensure your data is prepared for advanced analytics and machine learning applications.
- Unified Trade/Market Data Models: By standardizing data inputs (e.g., using FpML for derivatives or CDM for broader financial transactions if relevant to models), we enhance consistency and interoperability.
- Compelling Reason to Buy: Build more robust and reliable financial models, conduct scenario analyses and investment appraisals faster and with greater confidence, and make better-informed strategic decisions, all while significantly reducing the time analysts spend on data gathering and preparation.
Let's Start a Conversation
Ready to optimize your financial data processes and drive your business forward? We’re here to help. Whether you have questions about our services, need a custom solution, or want to explore how we can support your goals, we’d love to hear from you. Get in touch with us today, and let’s unlock your data’s full potential together.
How much does it cost?
Our pricing model is designed to be transparent, flexible, and cost-effective, ensuring you get the best value for your investment. We offer a subscription-based service where you pay a predictable monthly fee, making it easy for you to forecast and manage your data management expenses.
By leveraging our service, you benefit from significant cost savings compared to building a data project from scratch on your own. Thanks to the economies of scale achieved by our shared data infrastructure serving multiple clients, we can offer competitive pricing. Many common elements across different features are reused and optimized, reducing duplication of effort and costs. This shared efficiency allows us to pass the savings on to you.
Our goal is to provide you with a high-quality, customized solution that meets your specific needs without unnecessary expenditure. The monthly fee consists of two main components: fixed part and variable part.
Fixed fee
Setup, Integration, and Shared Infrastructure
The fixed part of our pricing covers the essential foundational services required to deliver our solution effectively. This includes client acquisition and onboarding costs, where we ensure a smooth transition by understanding your needs and integrating you into our system seamlessly. We handle system integration by connecting with your input files and preparing tailored outputs that fit perfectly into your existing workflows. Additionally, the fixed fee accounts for the shared infrastructure - the minimal yet robust infrastructure necessary to run the service efficiently. By sharing this infrastructure among clients, we provide a reliable and high-performing solution while keeping your costs predictable and reasonable.
Variable fee
Usage-Based Resources and Services
The variable part of our pricing is directly tied to your actual usage, ensuring flexibility and cost-effectiveness. It encompasses expenses related to storage and computing power, which scale based on the number of records or the amount of data processed in megabytes. This means you only pay for the resources you consume. Additionally, it includes the costs of our team members who oversee and manage your processes, ensuring everything runs smoothly. If your solution requires any external licenses, those costs are also covered in this variable portion. This usage-based model allows the pricing to adjust according to your needs, providing a transparent and fair billing system that aligns with your operational demands.
Delivering Our Services: Flexible Options for You
We understand that every organization has unique needs and workflows. That’s why we offer flexible options for delivering our Data Engineering & Reporting services. Whether you prefer a fully managed service where we handle everything for you, or you want to interact directly through our TradeView WebUI or integrate via our API, you can choose the method that best fits your business requirements and technical environment. We’re committed to providing a solution that fits your needs while maintaining the highest standards of security and efficiency.
Managed Service
Delegate all aspects of data engineering and reporting to us. We handle integration and operations without unnecesary changes to your systems, freeing your team to focus on core activities.
TradeView Web UI
The WebUI presents a clean, point-and-click interface that allows business users to interact with complex data engineering processes conveniently, without requiring technical expertise
TradeView API
For custom workflows and automations on your side, our technology-agnostic API enables you to connect from any software, seamlessly integrating TradeView into your existing systems.
Building Tailored Solutions: Our Process Explained
From consultation to prototype to ongoing collaboration, here's how we tailor our service for you.
01
Initial workshop
Our journey begins with an in-depth initial workshop where we engage with your team to collect detailed information about your needs. This collaborative session allows us to gain insights into your data processes and identify areas where our services can add the most value.
Result: A report summarizing our findings, including key insights into your current processes, pain points, and opportunities for improvement.
02
Solution concept
Based on the insights gathered, we develop a tailored solution concept designed to address your specific challenges. Our team creates a strategic plan that outlines how our services will integrate with your systems, transform your data processes, and meet your objectives.
Result: A detailed solution description, typically presented in diagrams and workflow charts, illustrating how the proposed solution will function within your environment.
03
Building a prototype
Upon your approval of the solution concept, we swiftly move to build a prototype to demonstrate the practicality and effectiveness of our proposed solution. This prototype serves as a working model, allowing you to see the solution in action and provide feedback. This phase usually takes three business days.
Result: A minimum viable product (MVP) showcasing the core functionalities of the solution, enabling you to experience its potential benefits firsthand.
04
Target solution
After refining the prototype based on your feedback, we proceed to develop the full-scale, production-ready solution. Our team focuses on ensuring that the solution is robust, efficient, and seamlessly integrated into your existing systems. This development phase typically takes up to eight weeks.
Result: A fully functional, production-ready workflow that enhances your data management processes, ready for deployment in your operational environment.
05
Ongoing cooperation
We engage in ongoing cooperation to ensure that the implemented solution continues to meet your evolving needs. We deliver results on an agreed schedule, continually monitor performance, and make necessary adjustments to optimize efficiency.
Result: Continuous improvement of your data processes, leading to increased efficiency, reduced operational burdens, and better data quality within your organization.
Ask about the problem you want to solve
Most of our processes are bespoke and tailored to specific client needs. Ask about your company’s situation and we will tell you if we can help.
Let's Start a Conversation
Ready to optimize your financial data processes and drive your business forward? We’re here to help. Whether you have questions about our services, need a custom solution, or want to explore how we can support your goals, we’d love to hear from you. Get in touch with us today, and let’s unlock your data’s full potential together.
Contact us
Got data puzzles? We love a good challenge. Drop us a line, and let’s turn your data woes into wows—no magic wand required!