Visigon originally partnered with Denmark’s Export Credit Agency (EKF) — now the Export and Investment Fund of Denmark (EIFO) following a merger initiated by the Danish government — to implement the Calypso treasury management system. EIFO issued a public EU tender seeking a cloud-enabled, cross-asset, front-to-back treasury management system that could be implemented quickly. After a thorough evaluation, EIFO selected Calypso, with Visigon as the certified implementation partner.
“We awarded the contract to Calypso and Visigon due to their extensive capabilities and experience. Following a diligent and comprehensive market review, we were impressed by Visigon’s expertise and proven efficiency in delivering implementations, which was crucial for our ambitious timeline.”
— Maria Linkhorst, Head of Treasury, EIFO
Calypso is a market-leading software platform designed to manage a wide range of treasury and financial operations. Visigon has been a certified Calypso implementation partner since 2012.
“Calypso and Visigon have deep roots in the Nordic capital markets, a commitment to continued product investment, and dedication to local infrastructure.”
— Maria Linkhorst, Head of Treasury, EIFO
The project was carried out under the challenging conditions of the COVID-19 pandemic. Visigon and EIFO adopted an agile approach to the implementation, starting with gathering clear business requirements and creating a comprehensive project overview. Visigon delivered the functionality in iterative stages, refining the details with each successive release.
“Delivering the implementation during the global pandemic presented a unique set of challenges, but with efficient project planning and agile processes, we overcame these obstacles to ensure a successful outcome.”
— Gustav Ekeblad, CTO, Visigon
Even with the combined experience of all partners, large-scale projects inevitably face various challenges. One such challenge was avoiding over-ambition to ensure that the project timeline remained on track.
“At Visigon, we embrace challenges, preparing and working diligently to overcome them. With a feature-rich and highly configurable system like Calypso, it was essential to stay focused and concentrate on the features that were most important to EIFO.”
— Gustav Ekeblad, CTO, Visigon
Visigon successfully delivered the Calypso implementation for EIFO on schedule. The new system gives EIFO the flexibility to respond to internal and external demands for enhanced liquidity management. It will also enable EIFO to optimise balance sheet management, automate workflows, and achieve operational efficiencies.
“The combination of Calypso’s award-winning treasury platform and Visigon’s deep expertise in implementation and project management ensured a swift and successful implementation.”
— Mayank Shah, Chief Strategy Officer, Calypso
Visigon will continue to manage EIFO’s Calypso platform moving forward, leveraging its years of experience in providing managed solutions to companies throughout the Nordics.