OIDA | Supporting Banking&Finance

What OIDA | Supporting Banking&Finance does

OIDA (legal name "Oida", P.IVA 09617830964) is an Italian private partnership headquartered in Milan that designs, develops, and operates a modular application platform for performance and risk management targeted at Italian banks and financial intermediaries. The company was founded by Domenico Boffelli, a Dottore Commercialista specializing in Internal Governance, and Marco Fiore Donati, a Telecomms engineer specializing in Performance Management, who together offer a single-interlocutor model bridging functional banking expertise with quantitative and technological implementation. The platform is structured as a 14-module suite covering Enterprise Performance Management (Plan/Budget/Forecast, Closing & Consolidation, Corporate Service, Operations OTH, Internal Governance) and Enterprise Risk Management (credit, operational, market, interest rate, liquidity, currency, ICT), built on the Board Intelligent Planning platform with integrated quantitative models in R and SAS.

OIDA generates revenue through three streams: (1) advisory/consulting services delivered by partner-level professionals on industrial plans, risk methodology, internal controls, and corporate finance/M&A; (2) outsourcing services for planning and control activities with multi-year contracts where initial model setup costs are distributed over the servicing period; and (3) software platform licensing and support, where modules can be activated individually or jointly. The go-to-market is enterprise field sales directly engaging banking management and IT leadership, supplemented by co-marketing with technology partner Board and industry media partner Bancaforte. The company reports 28 banks using at least one module and 700+ active users, with Consorzio Servizi Bancari (CSE) acting as a notable reselling channel to its member banks. The firm operates with approximately 9 employees and has no disclosed external institutional capital, making it a founder-led, flat-partnership operating model focused exclusively on the Italian banking and finance vertical.

Name

OIDA | Supporting Banking&Finance

Legal name

Oida

Website

https://oida-sp.it

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

OIDA is a Milan-based Italian partnership that builds and operates a modular EPM and ERM platform for Italian banks and financial intermediaries, integrating advisory and outsourcing services across budgeting, closing, governance, and risk processes on the Board technology stack.

Ownership category

akta.pro rank

Product category

Banking Performance & Risk Management Software

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511), Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151), Other Computer Related Services (541519)

SIC

Services-Prepackaged Software (7372), Services-Management Consulting Services (8742), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Enterprise Performance Management (EPM) & FP&A Platforms (HDAEAEAK)

akta.pro secondary industries

Enterprise Risk Management (ERM) (HDADAIAC), Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA), Enterprise Risk Management (ERM) Advisory (BPAHAFAA), ERP Implementation & Systems Integration Services (BPAEAGAA)

Keywords

• Enterprise performance management
• Enterprise risk management
• Banking planning software
• Banking advisory services
• Risk management solutions

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Consulting Services: Professional advisory services including support for industrial plans, risk management methodologies and models, governance and internal controls, corporate finance M&A and valuations. Services are delivered by partner-level professionals with specialized expertise.
2. Outsourcing Services: Operational outsourcing of planning and control activities. Includes model setup (data acquisition, profitability measurement, cost allocation, pricing standards, budget monitoring, forecasting, strategic plans), with costs distributed over contract duration.
3. Software Platform Licensing and Support: Access to proprietary EPM and ERM platforms with modules that can be activated individually or jointly. Platform provides immediate availability for configuration and use, with ongoing support for performance and risk management processes.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

OIDA develops and sells a modular application platform for Enterprise Performance Management (EPM) and Enterprise Risk Management (ERM) targeted at banks and financial intermediaries, built on Board technology and integrating quantitative models (R, SAS). The offering combines proprietary software modules covering planning, budgeting, forecasting, closing and consolidation, corporate service, internal governance, and risk management with complementary advisory and outsourcing services delivered by partner-level professionals.

Product overview

OIDA offers a modular application platform for banking and finance performance and risk management. The core offerings consist of EPM for Banking & Finance (a platform with modules for Plan/Budget/Forecast, Closing & Consolidation, Corporate Service, Operations OTH, and Internal Governance) and ERM for Corporate & Service (covering enterprise risk management). The platform is complemented by advisory and outsourcing professional services. The solution is described as unique in the finance industry and is developed on the Board technology platform.

Differentiator

Problem solved

Functional benefit

Products and services

• EPM for Banking & Finance
• ERM for Corporate & Service
• Advisory Services
• Outsourcing Services

Quantifiable outcome

• 28 banks using at least one platform module
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered strategic, core and supporting.

• BancafortestrategicGTM or Marketing Partner · 1 October 2024Bancaforte collaborates with OIDA for innovation workshops in the banking sector. OIDA's customer CSE presented at Bancaforte's Innovation Workshop organized in collaboration with Board in October 2024.
• BoardcoreTechnology or Integration · 1 May 2024Board is the primary technology platform underlying OIDA's EPM and ERM solutions. OIDA develops applications on the Board platform (Intelligent Planning for Finance, Supply Chain & Retail). OIDA was Silver Sponsor of Board Beyond Italia 2024 event.
• Supporting Technology PartnerssupportingTechnology or IntegrationOIDA leverages supporting partners specialized in technologies used for service delivery, including Board M.I.T., R, and SAS for quantitative modeling and data analysis.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• SAS Institute: SAS provides enterprise risk management, fraud detection, and credit risk analytics solutions widely used by banks globally. OIDA explicitly uses SAS as a supporting quantitative technology, making SAS both a partner and a potential competitor in the banking risk analytics space.
• Wolters Kluwer Banking Compliance: Wolters Kluwer offers regulatory compliance, risk management, and reporting solutions for banks including Basel III/IV and ICAAP support. Overlaps with OIDA's ERM capabilities but at much larger scale across global banking markets.
• Board International: Board is the underlying Intelligent Planning platform on which OIDA's entire EPM and ERM solution is built. As the platform vendor and a mutual partner, Board is the closest comparable—offering EPM capabilities to enterprises globally, but without OIDA's banking-specific vertical specialization.
• IBM Planning Analytics (TM1): IBM Planning Analytics is an enterprise planning and performance management solution widely deployed in banks. Comparable EPM functionality with stronger enterprise scale and integration capabilities than OIDA's niche platform.

Direct peers

• Tagetik (Wolters Kluwer): Tagetik is a corporate performance management software platform specializing in financial planning, consolidation, and reporting for banking and financial services. It competes directly with OIDA's EPM platform in the Italian and European banking market with broader enterprise functionality.
• Anaplan: Anaplan is a connected planning platform offering EPM solutions for budgeting, forecasting, and scenario planning. Comparable in offering EPM modules to financial institutions, though with broader horizontal positioning versus OIDA's banking specialization.
• BearingPoint Banking Consulting: BearingPoint is a management and technology consultancy with deep banking industry practices across Europe, providing risk management, regulatory compliance, and performance transformation services. Comparable consulting+technology model to OIDA with broader European footprint.

Regional players

• Prometeia: Prometeia is an Italian financial services consultancy and software provider specializing in risk management, regulatory compliance, and performance analytics for Italian banks. Direct competitor in the Italian market with similar vertical specialization.
• CCH Tagetik (Wolters Kluwer Italy): CCH Tagetik's Italian operations directly compete with OIDA in providing EPM software to Italian banks and financial intermediaries, with established presence at larger Italian institutions where OIDA also targets mid-tier clients.

Emerging players

• Prophix: Prophix provides corporate performance management software including budgeting, planning, consolidation, and reporting for mid-market and financial services organizations. Similar EPM functionality to OIDA, often competing in similar mid-tier banking segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/oida-stp

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OIDA | Supporting Banking&Finance