World-class OLAP specialist joins development of OpusCapita’s new Liquidity Management application.

‘We wanted to ensure that, with the new generation OpusCapita Liquidity Management application, reporting is as efficient as possible using the latest technology and knowhow. We invited Mr. Webb to participate in our development workshop for a week, as he is one of the world’s leading specialists in the field', says Jouni Kirjola, Product Manager at OpusCapita.

Webb’s work focuses on providing consultancy to banks, insurance companies, industrial companies and software houses all over Europe. In professional circles, this illustrious Brit is also known for his books, internet publications and conference presentations.

OpusCapita's January workshop was Webb’s first visit to Finland. During the week Webb, together with experts from OpusCapita, sought the best programming solutions for demanding calculations, which form the basis of Liquidity Management reporting.

OpusCapita's Liquidity Management reporting is based on OLAP (Online Analytical Processing) technologies. OLAP, a database technology, enables the fast compilation of information from information systems in answer to queries, or for reports and analyses. OpusCapita’s applications have utilised OLAP for some time, and the technology, with its cubic structure, is already well-known amongst data processing professionals.

‘When the latest OLAP technology is skilfully utilised in the product development phase, reporting becomes much quicker - in some cases, what previously took minutes can now be done in seconds', says Kirjola, giving an example of OLAP's benefits to customers.

Chris Webb points out that, for product development, OLAP presents more challenges than a table-structured relational database, since multidimensional thinking is required.

‘Yet, it is precisely OLAP’s multidimensionality that makes it highly useful in financial or financial management applications, which often contain calculations with a high number of variables.’

What about the future - is there something groundbreaking in the pipeline?

‘Judging by R&D investments in software technology, the next few years should see plenty of innovations but, most of all, greater efficiency. Searches, calculations and reports based on an ever-growing amount of data can be made faster than ever', explains Chris Webb.

The new OpusCapita Liquidity Management application is built on the Microsoft Silverlight platform, designed for web applications. Development work is proceeding in phases and in active co-operation with customers.

Further information:
OpusCapita, Product Manager Jouni Kirjola,
Tel. +358 0 207 463 271, jouni.kirjola(a)opuscapita.com