OmniLytics Risk Analytics ALM

RATING:

4.5

(6)
Overview

About OmniLytics Risk Analytics ALM

OmniLytics Risk Analytics ALM is an interest rate risk measurement and reporting management solution that gives financial institutions the power to meet regulatory requirements. With OmniLytics Risk Analytics ALM, users gain access to a wide range of advanced economic measures, including net present value and duration, solvency ii compliance, large exposure, and liquidity coverage ratio assessment using OTC instruments in US dollars and euros. The data capture process is designed for efficiency and accuracy. With a robust data conversion and validation process, most modeling data can be imported, then validated in a matter of minutes.

OmniLytics Risk Analytics ALM Pricing

Free trial: 

Not Available

Free version: 

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OmniLytics Risk Analytics ALM Reviews

Overall Rating

4.5

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for OmniLytics Risk Analytics ALM

6 Reviews

Matthew

Banking, 51-200 employees

Used monthly for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed November 2020

OmniLytics Risk Analytics ALM

The customer service that we receive at OmniLytics is by far the best out of all of the vendors we deal with, which is attributed to our relationship manager, [SENSITIVE CONTENT HIDDEN] . He is the fastest responder to e-mails. No matter what we ask he always responds immediately with a well thought out response. He is extremely knowledgeable and always willing to take the time to share that knowledge with us. [SENSITIVE CONTENT HIDDEN] has really helped us to enhance our ALM skills, especially when it comes to analyzing the results.

PROS

The software is very user friendly and it is easy to set up new accounts within the ALM model when needed. The software has room for a lot of accounts to be set up so we have been able to set up accounts at the product level in order to analyze our results at a detailed level. There are several reports generated from the model, which provides various level of details, which has been very helpful in analyzing and presenting our results.

CONS

When we do ALM benchmarking with our investment broker they determine the NEV of the investment portfolio using the OAS methodology. It would be nice to have that as an option in this software as well. We do receive data files in text formats, which can be opened in Excel. If there was a way to be able to import changes to assumptions back into the ALM model through an Excel file that would be a great enhancement. However, we do have the best relationship manager, [SENSITIVE CONTENT HIDDEN] , who always thinks outside the box, so he has always been able to find an efficient solution for questions or issues that we bring up.

Vendor Response

Hi Matthew, Thank you for your great review. This means the world to our team, who works hard to make your experience out of this world! We will pass along the good feedback, as well as your ideas. And as always, reach out if you need us. (You know where to find us.) -MSJ

Replied November 2020

PAUL

Banking, 2-10 employees

Used more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 2020

North Districts Community Credit Union Review

I have used this ALM software for over 15 years and have been very pleased with the results. More importantly, our state and federal examiners are also pleased with the reporting.

PROS

The dashboard provides a simplified view of our ALM position in a quick easy to understand diagram(s).

CONS

Interest Rate Sensitivity Simulations require a re-run of the reports at extra cost, not surprisingly but would be nice to run simulations on the fly at no cost. I run internal modeling for these.

Vendor Response

Hi Paul, it is great to hear that you have used our software for over 15 years and are still 10/10 likely to recommend us! Also, we love that your state and federal examiners are pleased with the reporting. That is the goal! Thank you again for taking the time to review our solution! - MSJ

Replied October 2020

Kaley

Online Media, 501-1,000 employees

Used monthly for less than 12 months

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

3

FUNCTIONALITY

4

Reviewed May 2022

Pretty straightforward

PROS

Access to comprehensive report set and insights which improve workflow, risk management and data integrity! Guidance is helpful.

CONS

Sometimes having too many features is overwhelming, but not the least bit concerning if you get familiarized fast. I don't use this too often.

Vendor Response

Hi Kaley, thank you for your time to review OmniLytics Risk Analytics ALM. Glad that you like the access to comprehensive report set and insights. Even better that this improves your workflow, risk management and data integrity! What could we do to improve your experience and earn a higher review? -MSJ

Replied May 2022

Donnie

Financial Services, 11-50 employees

Used more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 2020

IRR Model

We value our relationship with FIMAC (NxtSoft). [SENSITIVE CONTENT HIDDEN] is our representative and he is extremely responsive and very knowledgeable. He also takes the time to explain the system to us and helps to interpret our data from time to time.

PROS

The software is easy to use and the NxtSoft representative that help us is fantastic.

CONS

No particular dislikes at all about the system

Vendor Response

Hi Donnie, thank you for your kind words! We are pleased that you have had a great experience with OmniLytics and ranked us a 10/10 likelihood to recommend! We will pass on your remarks about your great support representative as well! Thanks for taking the time to leave a review, and as always, let us know if we can be of assistance. - MSJ

Replied October 2020

David

Banking, 11-50 employees

Used more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

3

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed October 2020

Review of Risk Analytics

Quarterly IRR review. What-if scenarios for product release.

PROS

Meets the needs of a small bank, providing good overview of IRR. Easy access to assistance.

CONS

We enter information manually - would prefer automated entry. We do not engage in off-balance sheet transactions or transactions with high degree of optionality so do not know the software's capabilities.

Vendor Response

David, thank you for your comments. Great to hear that the software is meeting your needs and that you find access to support easy as well. Glad that the Quarterly IRR review and what-if scenarios are helping you. Again, thank you for taking the time to leave us a review!

Replied October 2020

Justin

Banking, 51-200 employees

Used less than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed October 2020

NXTsoft OmniLytics Risk Analytics ALM

My overall experience with OmniLytics Risk Analytics ALM has been positive over the 18 months that I have been using the software.

PROS

I like the ease of use as the software is very intuitive, the value for the cost, and the outstanding customer support.

CONS

I dislike the limitations on the forecast time horizon (23 months) and the limitations on the number of standard interest rate shock scenarios that are included in the model.

Vendor Response

Thank you Justin for your balanced review! We are going to pass your comments along. Appreciate your perspective, and glad to hear that the software is intuitive, a good value for the cost, and that our customer support team is taking care of you.

Replied October 2020

6 Reviews