Alfatec Group, a company providing solutions for data management, has secured distribution rights from Fernbach, the internationally successful software provider.
Together Fernbach-Software and the Alfatec Group will introduce the award-winning banking software solutions FlexFinance IFRS, Risk and Lending to the Croatian market.
Fernbach and the Alfatec Group have already worked together in the past and participated together in an invitation to tender. Due to positive experiences with the Fernbach scope of products, Alfatec revived the contact and is now an exclusive partner for the Croatian market.
Fernbach opted for the Croatian company due to their broad customer base, expertise and excellent reputation and can now meet the requirements of its local customers and any interested parties. Alfatec Group will sell, market and maintain the three software solutions.
With its products, Fernbach offers its customers versatile, standard software while ensuring quality, security and transparency. Since it is possible to combine any of the components, banks can seamlessly integrate the software into their existing applications.
The cutting-edge FlexFinance IFRS solution for parallel accounting makes accurate and modern IFRS accounting possible. The entire accounting process for all banking products is rationalised thanks to reduced project risks and costs. Speedy implementation and efficient automation across all sub-processes are two of the solution's unbeatable advantages.
With FlexFinance Risk, Fernbach provides a comprehensive solution for all aspects of risk management and regulatory reporting including the management of credit and market risks. In contrast to normal project procedure, the proven BRIGHT method allows fast implementation at significantly reduced costs.
Fernbach provides standard components for the full life cycle of a lending deal which can be used to develop tailor-fit solutions for the requirements of the bank quickly and at low cost.
Mr. Stefan Dorfstetter, Region Manager, Fernbach-Software: "After the first meetings with the Alfatec Group we were sure that, due to various projects in the finance sector, they had the expertise and experience required for our joint project. There is still a high demand in Europe for adequate risk management solutions. The partnership with the Alfatec Group will enable Fernbach to meet future demand not only with its own software expertise, but also with on-the-ground local support."