ALMIS® International constantly looks at ways to help clients save costs and ease the implementation process. ALMIS® has now adopted a modular approach when implementing future ALMIS® systems, to make it easier for users to operate the system to its full potential. This means that modules can be taken as a stand alone module, all together, or a selection. Modules can also be added as the financial institution grows and develops, giving flexibility to suit organisational needs.

The system has been divided into six modules which are:

• Market Risk
• Liquidity Stress
• Financial Planning
• Hedge Accounting
• Capital Adequacy
• FSA Reporting

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For more information about any of these modules, please click here

Significant cost savings were achieved through a consortium implementation with three financial institutions. Kingdom Bank, Loughborough and Dudley Building Society are all taking on ALMIS® and are sharing implementation and training. By being able to help each other develop and use the system, faster implementation is also expected.