FERNBACH and Software AG open Process Lab for the Lending Business

Darmstadt, Frankfurt - 19 January 2007

Software AG and FERNBACH open the first FlexFinance® Loan Process Lab in Darmstadt as a joint operation.

Based on Best Practice Solutions combining standard banking software for loans and business process management, the live test stand offers robust presentation and analysis options for the key lending processes. Individual business models can be mapped using examples of process and data sets and then be subjected to a practical test.

Participants at the Process Lab can obtain a tailor-made perspective of working areas ranging from sales, organisation and IT to management and thus have the opportunity of ‘taking a test drive’ in the system. Comprehensive analyses of ratios/SLAs and lead times, analyses of risk structure, measurement of performance, resource or sales management provide a completely new type of transparency in lending operations.

The extensive experience in the field of products and projects, which the companies involved have, can be combined and put into practice in the Process Lab. The aim of FERNBACH and Software AG in developing this laboratory-style approach is to meet the constantly growing demands on product design, sales channels and efficient loan processing and to create as much transparency as possible.

‘Real-time process adjustment’, ‘Much has been spoken about business process management and loan processing – now it can be experienced here for the first time’, ‘We now see process quality and time to market in a totally new light’.

The in-depth discussions and the reactions of previous participants motivated FERNBACH and Software AG to give a wide audience access to the possibilities offered by the Process Lab including all its facets on the long term. Methodical and technical issues relating to loans are made directly visual in a dialog with participants by using the most up-to-date tools and presentation media.

Standard software is likewise at the centre of focus in the FlexFinance® Process Lab and serves as a means to an end. Catchwords such as ‘Business Agility’, ‘Business Process Management’ (BPM), ‘Multi-channel Distribution’ and not least the ‘Loan Factory’ are placed in a direct context via the immediate presentation and combination with Best Practice Solutions and can thus be experienced by each participant at a high level.

Retail loans, point-of-sale business, dealer or complex company funding strategies ranging from loan applications including decisions on loans, cross-selling, life cycle management, electronic files to portfolio management: banks, that are interested, can book the lab and its facilities exclusively or test it any time without obligation in one of the events that take place at regular intervals.

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