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FERNBACH becomes a new SAP Services Partner

12-12-2014 07:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: FERNBACH

Frankfurt, 10 December 2014 – FERNBACH-Software, a leading international provider of lending and finance solutions, has joined the SAP PartnerEdge Programme as an SAP Services Partner of SAP Deutschland SE & Co. KG. SAP Services Partners support SAP customers in the development, implementation and integration of SAP solutions, optimise business processes and provide strategic consulting services. With this step FERNBACH intends enhancing their services portfolio by offering their products on the basis of SAP solutions with a focus on specific solutions for banks and financial institutions.
FlexFinance Lending from FERNBACH is a solution for the management and optimum processing of loans. More than 50,000 users in German-speaking countries are using the solution to process retail, corporate or syndicated loans.

FlexFinance covers all lending processes: from loan acquisition, integrated front office processing, including approval workflow, over online decisions to back office processing. Experience has shown that FERNBACH-Software help their customers to reduce their unit costs for loan processing by 50 percent while providing higher quality and more transparent services for end customers.

The Impairment function in the loan back office supports the calculation, posting and reporting of individual and collective risk provisions in compliance with IAS 39 and IFRS 9.

Jens H. Mackscheidt, Managing Director, Germany and Switzerland at FERNBACH commented as follows: “We think that SAP provides an excellent technical and functional basis. We would like to bring our experience, which spans more than 30 years in the area of banking process support, to the SAP projects for the benefit of our customers.“

About FERNBACH:

FERNBACH ideally complements your SAP system and provides BIAN-compliant components. FlexFinance is a fantastic concept for renovating and upgrading existing IT landscapes. Minimum intervention is required to integrate new functions into the existing landscape reliably, quickly and at low cost. Robust, fast and cost-effective.

The company was established in 1986 by CEO Günther Fernbach and has numerous subsidiaries as well as a worldwide partner network in addition to its headquarters in Luxembourg.

www.fernbach.com  

Contact:

Steffi Lorenz | Marketing Manager
FERNBACH Financial Software S.A.
1a, rue Gabriel Lippmann
L-5365 Munsbach
Steffi.Lorenz@fernbach.com
www.fernbach.com

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