Melton Building Society
Melton Building Society has been helping people purchase homes and maximise their savings since 1875. With over 40,000 members, they offer national mortgage and savings products.
The Situation
2025 sees the launch of the Society’s next strategic cycle with an ambition to double membership and grow total assets to £1 billion.
However, their legacy mortgage system dating back to 1992 presented significant challenges in maintaining operational integrity and supporting such growth. The Finance and Treasury department, consisting of 12 employees, needed to move away from using spreadsheets to handle complex treasury transactions and improve the overall data management and analytics. The challenge was to integrate a new system that could provide real-time cash flow visibility and support advanced treasury operations.
The Solution
The integration of ALMIS® Cobalt and ALMIS® Cornerstone led to impressive results, significantly reducing transaction processing time from half a day to just half an hour. With better data accuracy and visibility of future cashflows, the team can now make more informed decisions. This transformation has helped the Society support its growth objectives while maintaining a higher level of operational integrity, contributing to its financial growth. “Cobalt is part of the overall transformation project, and from the perspective of the Finance team. We wouldn’t be able to do our job without Cobalt running and integrating back and forth with the core system,” highlighting its vital role in daily operations.”
ALMIS® Cobalt has brought significant improvements for both the front and back office.
“With Cobalt, you can expect it to be penny perfect, emphasising its reliability. The flexibility of Cobalt, particularly with different types of deals, has allowed for seamless integration, including the transition from wholesale to other deal types.”
Andy Cornwell, Financial Risk & Reporting Manager
Melton Building Society
Enhancing Treasury Management for Financial Growth
The team needed to move away from using spreadsheets to handle complex treasury transactions and improve the overall data management and analytics. The challenge was to integrate a new system that could provide real-time cash flow visibility and support advanced treasury operations.
Andy Cornwell Finance Risk and Reporting Manager shares his experience leading the integration of their new Treasury Management Solution – ALMIS® Cobalt.
