FERNBACH-Software and conunit form strategic partnership for integrated bank controlling solutions Tuesday 30 October 2007 PDF Print 30 October 2007 – FERNBACH-Software, a leading provider of banking software solutions in the field of Enterprise-wide Value and Risk Management, and conunit GmbH, a consulting firm specialised in Business Intelligence and Corporate Performance Management, have formed a strategic partnership to market and implement professional bank controlling solutions. FlexFinance® Controlling, made by FERNBACH-Software, provides a comprehensive solution for the operational controlling of banks and financial service providers and contains a complete range of facilities in the fields of cost and profit accounting, profit centre accounting, budgeting and balance sheet planning. FlexFinance® Controlling has been integrated into the architecture of the FlexFinance® product line for bank management. conunit has a broad-based experience in the design and implementation of planning, reporting, controlling and analytical applications. By combining business and methodical know-how with a profound experience in the development of modern information technologies, the conunit consultants have done away with the ‘traditional division’ between functional design and subsequent implementation, thus engineering tailor-made solutions which are amortised for their customers within a short time. conunit intends to continue living up to this standard in its close co-operation with FERNBACH-Software in future. FERNBACH-Software and conunit will combine their skills so that conunit will act as an important partner for implementing FlexFinance® Controlling while developing and implementing, together with FERNBACH-Software, individual planning and management reporting solutions for FERNBACH customers. Hence, FERNBACH-Software and conunit jointly cover all the requirements of operational financial controlling entirely with maximum benefit for customers. Paul Rothenberger, Board Member at FERNBACH-Software AG, said: 'The partnership combines the strong points of FlexFinance® Controlling with conunit’s business know-how and years of experience in implementing bank controlling solutions. Financial institutions will receive a core planning and controlling system with long-term support services which provides all the technological and methodical bases needed for banks to control, adapt and react in the best possible manner.’ ‘FlexFinance® Controlling is a pioneering solution for reliable, integrated and profit-oriented bank management. Judging from both operational and strategic aspects, FERNBACH’s FlexFinance® Controlling provides all the technological and methodical basis conducive to an efficient bank controlling system. We are pleased to be able to use our vast experience from numerous projects in order to give comprehensive support to banks in implementing this solution and thus offer customers a package of high-performance services and functions,’ said Jörg Uwer, Managing Director at conunit. About conunit conunit is a consulting firm specialising in business management as well as opportunity and risk management. The company provides all-round support for its customers in optimising business processes and it implements challenging projects in this field. The expert staff at conunit have a broad-based experience with market-leading technologies from diverse providers. This means that customers can benefit from a form of consulting, which covers various manufacturers and is particularly useful for complex business issues or for the application of heterogeneous IT environments. From the locations of Dreieich (Frankfurt/Main) and Düsseldorf, conunit provides services for a broad customer base throughout Germany, Austria, Switzerland and Luxembourg. www.conunit.com About FERNBACH FERNBACH has developed a solution offering called FlexFinance® which is based upon a sophisticated methodology called EVRM. EVRM is a vision and a solution for the integration of risk management, risk and regulatory requirements, balance sheet reporting and controlling within financial institutions. The EVRM methodology is built upon a meta level data repository which collects all data from the banking and trading books and stores this centrally while simultaneously standardising and enriching the data. This centralised meta repository of financial transactions guarantees single calculation of all financial ratios ensuring perfect alignment and reconciliation so that the data can be used for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Controlling, Regulatory Reporting, etc. The entire process is transparent and fully auditable as uniquely the data can be traced back to the deal level. This advanced approach also enables the bank to cost-effectively implement new requirements as they occur such as ECAP. www.fernbach.com For further information please contact: Hazel Butters or Tiru Thiruvilangam Prompt Communications on behalf of FERNBACH Tel: 020 8996 1653 / 07780 687813 firstname.lastname@example.org or Emma Connolly Marketing Director FERNBACH-Software S.A. Tel.: + 352 / 40 22 44 405 Mob.: + 352 / 69 15 55 174 E-Mail: email@example.com FERNBACH – the essence of banking www.fernbach.com This press release was distributed by ResponseSource Press Release Wire on behalf of Prompt Communications Ltd in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.