FERNBACH becomes a new SAP Services Partner


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.“