More Loans Processed Faster—Thanks to Webmethods and Expert Consulting

VR Leasing Group, a member of FinanzVerbund, a cooperative association of financial solutions providers based in Germany, was facing challenges due to its heterogeneous IT landscape. The disparity in the IT landscape made it difficult to standardize or automate sales processes, particularly the loan application processing. Each disparate application in the process had its own address list, and data had to be entered manually and then verified. This resulted in an overlap in functionality between systems, adding to the inefficiency. The sales partners used various browser-based online front-ends, each with its own specific application process and its own address list, which was not always consistent with addresses stored in the other front-ends or in back-end application management and customer relationship management systems. This resulted in an excessive effort to test and maintain application functions and interfaces that carried out similar tasks. The same was true for assuring the quality of master address data since data was not exchanged automatically between disparate applications.

VR Leasing Group is a member of FinanzVerbund, a cooperative association of financial solutions providers based in Germany. The company serves small and medium-sized businesses in Europe and is considered a financing specialist by its sales and cooperation partners. The company has close to 3,000 employees, 7 billion Euros in total assets, and more than 500,000 contracts. The services offered by VR Leasing Group cover the entire spectrum of sales and investment funding, from leasing and loans to purchase financing and factoring. The company's motto is “We finance what you do,” and it has become a leading financial solutions provider in Europe. To ensure sustainable success, the company now relies on standardized, automated business processes and high-performance online tools, thanks to webMethods.