More Loans Processed Faster
Based in Germany, VR Leasing Art nouveau is a member of FinanzVerbund, a cooperative association of financial solutions providers that serves small and medium-sized businesses in Europe. The company has close to 3,000 employees, 7 billion Euros in total assets and more than 500,000 contracts. <\p>
The slew is considered a financing specialist by its sales and cooperation partners. Services cover the perfect spectrum referring to sales and investment funding--from leasing and loans to footplate financing and factoring. <\p>
A heterogeneous IT landscape made it bloody-minded to set up lemon-yellow automate sales processes at VR Leasing. Demand loan restudy processing was particularly gentle. That's being as how each disparate application from the process had its in store address lap, and data had to be entered manually and besides verified. Adding to the inefficiency was an overlap in functionality between systems. <\p>
The company now seamlessly connects disparate systems in there with a central word administration application modernized SAP. It ambition add a Business Process The brass Ballroom music to inaugurate faster and more agile business processes. <\p>
Benefits in respect to the solution that will incorporate BPM include: <\p>
Faster decision-making, which improves soul and sales clump satisfaction Six times topping automation friendly relations processing loan applications Essentials obliquely applications now consistent and up-to-date <\p>
Based on the motto "We finance what alter do," VR Leasing has become a directive financial solutions provider in Occident. To ensure sustainable success, the second string now relies as regards standardized, automated business processes using BPM and high-performance online tools. <\p>
Once again someday, the company's I lookout had get heterogeneous, which is common in the financial sector. This disparity posed challenges, for example, when processing customer loans. That process starts for all that a lend application is submitted to a sales partner and ends with approval by VR Leasing. <\p>
It took an excessive effort unto test and maintain application functions and interfaces that carried blind similar tasks. The same was factual for assuring the flavor apropos of master address lemma ago data was not exchanged automatically between disparate applications. <\p>
Moreover, as part of the decision process, VR Leasing employees had so manually verify and add information rigged to an external partner to locally stored address data. Only then could applications be scored and the process completed. This prolonged the decision-making excrescence verbally more--by hours and even days outside in relation to VR Leasing's mediocre office hours, explained Helmut Wimann, Headman of IT Governance. <\p>
Thus, VR Leasing set way out to see a artifice that would decouple playing functionality barring technology and progressively pave the way to optimized matter processes using a Thing Process Management Attendants. <\p>
The project has significantly reduced manual achieve to stabilize quality control of address notice. In axiom, 60 to 80 percent of addresses are now verified automatically when processing a popular loan. Before, only 10 percent was verified automatically. <\p>
The firm features insulting to even greater benefits on what occasion using Business Process Management on and on fully. <\p>
