Shortfacts - May 2016


SAP-based factoring
The Austrian Oberbank has chosen the special software Fact.Pilot from Fidis for the implementation of its factoring offer. With Fact.Pilot, the bank meets the increasing reporting requirements in factoring.
The Fidis solution is a standard software for factoring processes based on SAP.
"Factoring is now an important part of a bank's corporate banking business"
explains Claus Retschitzegger from Oberbank.
"However, effort and risk are high here. With Fact.Pilot, we can speed up the factoring processes and reduce our risk."
The bank offers factoring for corporate customers in southern Germany and Austria. The Fact.Portal web portal allows the factor and the factoring client to upload information and documents on a daily basis.
This simplifies customer communication. To reduce the risk of default, the integrated limit management system Limit.Pilot checks each receivable for its suitability for purchase in terms of the limits set. Via interfaces to credit insurers, Fact.Pilot receives daily updates on the insurance status.