Investment management solution for the second largest city in Finland
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.
“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.
Espoo is the second largest city and municipality in Finland with population of 265,646 inhabitants (31.12.2014) and 528 square kilometres (204 sq mi), of which 312 km2 (120 sq mi) is land. It’s part of the Finnish Capital Region. Espoo has around 700MEUR of investment assets.
Aalto University is based in Espoo along with a thriving science community that includes numerous startups and organizations. There’s also several major companies based in Espoo, including Nokia Solutions and Networks, Microsoft Mobile, KONE, Neste Oil, Fortum, Orion Corporation, and Outokumpu, as well as video game developers Rovio and Remedy Entertainment.