SkySparc Adds Support for Hedge Relations Management to SkyReport

SkySparc has enhanced its SkyReport solution for financial reporting and fully automated testing to allow organisations to simplify the maintenance of hedge relations. Building on the hedge accounting capabilities of Wallstreet Suite, SkyReport now enables users to extract all hedge relations data into a familiar spreadsheet environment for validation or testing purposes and then seamlessly load the data back into Wallstreet Suite. Greater automation and scripting allows support of large volumes of dynamically managed hedge relations.

With the new release, the interface has been upgraded to align with the presentation and functionality of Microsoft Windows 7 and Office Excel 2010.

As well as hedge relations, SkyReport’s import module capability has been extended to include multi-step transactions. This helps with regular importing and testing, and includes more than 20 different transaction actions such as debt matching and book value adjustment. The reconciliation module first introduced in the previous version to deliver users a one-click solution for identifying differences between data in different systems has also been enhanced with additional data support and statistical reporting.

“We’ve seen many of our customers with the SkyReport solution begin to use it for reconciliation with other internal systems,” said Thomas Bergqvist, partner, SkySparc. “As our customers become more sophisticated in their use of SkyReport we’re committed to expanding its capabilities to continue delivering sustainable business value.”


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