Insight & Analysis

Press release: Kommuninvest selects Analyste CashForecast for its customers

Published: Oct 2019
Newspaper press release

4th October 2019 – Analyste has signed an agreement with Kommuninvest, for providing Analyste CashForecast for Kommuninvest’s customers. Kommuninvest provides financing services and related applications to nearly 300 organizations through their client portal KI Finans. Analyste CashForecast will be embedded into the portal as “KI Liquidity & Investments” module. The application consolidates financial data from KI Finans with future operative cash flow data originating from the municipalities’ ledger systems, as well as bank statements from the end users’ banks.

“For us it was decisive that we can seamlessly incorporate CashForecast to our own systems and branding, without a long go‐to‐market time,” says Björn Söderlundh, Head of lending at Kommuninvest, and continues: “The feedback from our pilot customer group is promising and we expect a successful launch to contribute to increased customer satisfaction.”

International growth is one of the cornerstones in Analyste’s strategy. “In the beginning of the year, we set out to focus especially on growth in the Swedish market. Kommuninvest is the dominant service provider for Swedish municipalities, and this cooperation puts us straight onto the leaderboard for the Swedish public sector. It validates our strategy splendidly,” says Analyste CEO Mikko Soirola. Sanna Outa‐Ollila, Director, International Business adds: “We are excited about the opportunity to serve such a large group of organizations in different sizes and learn more about the Swedish market. The Kommuninvest team is great to work with and their active end users provide relevant feedback, making it easy for Analyste to commit to a successful launch.”

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