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Archive for tag: FinOps Suite

The Magic Number Seven for FinOps Suite

 

 

Seven days of the week, seven colors of the rainbow... seven major events for FinOps Suite in 2018! Indeed, this year FinOps Suite will be Allevo's Snow White, so let's meet its 7 dwarves.

 

 

We'll kick off the year with a spring conference by Oxygen Events, dedicated to digital banking, followed by FinMedia's FinTech Forum.

 

Early summer catches us in Amsterdam at the Money20/20 Europe conference and, as soon as everybody gets back to work in September, we're planning on holding an SME & corporate workshop in Bucharest, closely followed by attending the unmatched Sibos in Sydney.

 

As 2018 reaches the end, FinOps Suite will be back home at SWIFT Business Forum Romania and, being one step closer to completion, it will also benefit from a well-deserved prom, as the highlight of our annual User Group.

 

 

1 – Digital Banking – March, Bucharest

Given the increasing share of online transactions, the annual Romanian conference on digital banking will not only tackle current trends in the industry, but also cybersecurity and financial education.

 

2 – FinTech Forum – May, Bucharest

Digitalization, technological progress and innovative business models coming from FinTechs will definitely influence the market more and more, hence an entire day is dedicated to them in an interactive, topical forum.

 

3 – Money20/20 Europe – June, Amsterdam

The conference team is made up of some of the most inventive payments and events professionals globally. Bringing together the entire financial services industry for three days, ideas are created, partnerships are formed and future trends are imagined.

 

4 – Allevo Workshop for SMEs and Corporations – September, Bucharest

Entirely focused on FinOps Suite, the workshop will bring together specialists from Romanian companies of all types and sizes who might greatly benefit from the financial software we are developing as part of our EU-funded TOSS project.

 

5 – Sibos – October, Sydney

This is the very well-known global financial services networking event organized by SWIFT. The annual conference and exhibition connects more than 8,000 executives, decision makers and thought leaders from across the industry.

 

6 – SWIFT Business Forum Romania – November, Bucharest

The event, organized by the Romanian Banking Association and SWIFT, in partnership with Allevo, gathers executives, IT&C specialists, payments and operations officers from financial institutions, as well as representatives of their corporate clients, debating challenges and opportunities for the Romanian banking and financial industry.

 

7 – Allevo User Group 31 – November, Bucharest

Our end-of-year user group wraps up ongoing and future projects, pinpoints accomplishments and targets, while also highlighting and strengthening partnerships, and helping identify new opportunities.

 

 

Looking forward to an amazing fairy tale year, full of energy and rewarded effort!

 

 

 

Our New Year Resolution for the FinOps Suite Project

 

 

 

Let us start with a kind reminder that in August 2017, with help from the Romanian government and the EU, we kicked off the Treasure Open Source Software project.

 

 

Within this, we develop an open source software suite for processing transactions for SMEs and corporate treasuries. The complete solution is marketed as FinOps Suite. As part of the project, we also redesign our www.allevo.ro website, as well as that of the FINkers United open source community, www.fintp.org, and we develop tools for automated testing and benchmarking.

 

By the end of 2017, we managed to wrap up the analysis part for all the project components, and we announced it worlwide. Apart from press releases and articles in specialized journals, we also put together events, meant to publicize the main features of our project to anyone who might benefit from our products and services.

 

2018 is dedicated to software development, website redesign, and of course, we will continue to talk about our project everywhere we see fit.

 

 

Here's a bit more context: our core product is FinTP, a complete open source application that processes financial transactions, automates business flows and offers operational risk containment and compliance to regulatory and industry standards for banks.

 

FinOps Suite is an extension of FinTP that addresses flows pertaining to SMEs or corporations, ensuring consolidation of treasury and financial business to optimize the resources allocation and efficiency, and providing a single view of the financial operations, cash reporting and forecasting, accounting reconciliation, transaction filtering, all customized for company usage.

 

Besides developing these FinOps Suite features, our team also works on an automated testing tool and a benchmarking tool.

 

 

 

Testing is necessary, to ensure user requirements are met, to find faults and anomalies in the software, to check that the product is fit for its purpose, and to measure the quality of the software. Last, but not least, automated testing needs to run on every update, every new feature, every little improvement that's made to the software. So why not make the life of developers and testers easier with insights on how the existing features and functionality are affected by new developments?

 

This is why we're developing an automated testing tool, as a feature of FinOps Suite, providing developers, testers and implementation teams with the possibility to quickly check the product after an initial installation or after a major release or patch for regression testing. It is an open-source collection of modules that can be used on their own to test certain business or technical features.

 

The benchmarking tool currently under development is another useful feature that FinOps Suite brings to the table, providing performance reports required by infrastructure architects in corporations. This tool assists technical teams in investigating performance issues and in validating a combination of deployment architectures (hardware and software) and operational architectures (different flows and configurations).

 

 

All technicalities aside, we're redesigning our websites in a more user-friendly manner and you'll be the first to know once everything is set. You'll also hear about us in various journals and we'll even meet at international events, waiting for the project's champagne to pop, early autumn, next year.

 

And as new beginnings are a good opportunity to be generous, here's a perk: want to be one of the privileged super early adopters and have a hands-on chance to take a look behind the scenes at the requirements, code, and business flows? If so, please reach out and we'll be more than happy to run a lean proof of concept to show how our solution can help you optimize your financial operations.

 

 

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