The city of Espoo selected FA Solutions as a provider for a portfolio management solution and reporting. Espoo arranged a public bidding competition on May 25th 2014 where suppliers needed to have a solution of performance reporting, portfolio management software as a service, support for book keeping and good security. Espoo has around 700MEUR of investment assets. FA Solutions got 100 points out of 100 possible points, where the quality was 60 points in total and scale of economics 40 points. Quality was divided in two parts – reporting and usability of the solution. Two quality topics had 30 points each in the final calculation and comparison of suppliers. FA was the number one provider with 100 points – the provider who came in second got 87 points out of 100.
FA was the number one provider with 100 points – the provider who came in second got 87 points out of 100.“It is our pleasure to deliver a proven solution to one of the biggest investors in Finland – the City of Espoo. Moreover, there was one major upcoming trend in the competition – the provider should not have a conflict of interest in the area of wealth or asset management and investment products. During the year we have delivered our solution many other buy side investors with more than three billion EUR of assets. We have worked more than 200.000 hours with the product and the industry – we are not only providing the required solution but also connecting the industry”, says Hannes Helenius from FA.