2 page Case Study
Publikováno: 2/13/2013
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Erste Abwicklungsanstalt Financial Services Firm Improves Productivity by 30 Percent with Automation

German financial services firm, Erste Abwicklungsanstalt was challenged with liquidating a 185 billion EUR financial asset portfolio without a centralized document storage system in place. adesso, a Business-Critical SharePoint partner, helped connect Microsoft SharePoint 2010 with an enterprise content management (ECM) archive-system, improving business processes, organization-wide productivity, and government compliance.

Business Needs

Erste Abwicklungsanstalt (EAA) is an independent public legal entity in Germany, operating under the umbrella of the Financial Market Stabilization Authority (Bundesanstalt für Finanzmarktstabilisierung). Its task is to take over and wind up a European commercial bank’s assets and risk exposures with a goal of minimizing losses.

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* With the SharePoint solution in place, we have established an audit-proof centralized solution for managing our business critical credit files. *

Michael Severin
Executive Director, Erste Abwicklungsanstalt

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EAA employs 120 people at 3 locations and is responsible for the liquidation of a financial asset portfolio worth 185 billion EUR (approximately US$244 billion). They have been facing the challenge of how to manage this massive financial portfolio without a centralized document storage system in place?

The dominant collaboration method has been e-mail, which is person-dependent, error-prone, and manual. It is easy to ignore, delay, or forget about an e-mail, especially when the recipient is busy, traveling, or sick. For example when a credit decision had to be made, the customer requests a decision memo via e-mail from his service partner. The service partner manually collects the relevant documents, creates a decision memo, and sends the package via e-mail to their customer. Votes for the decision are collected – again via email – and then passed back to the service partner to carry out the order.

Solution

EAA selected adesso, a Business-Critical SharePoint partner to help resolve this challenge and improve processes, transparency, and compliance. What makes this solution business-critical is the ability to impact core business processes that are critical to the everyday running of the business. adesso established a Microsoft SharePoint 2010 integration with an ECM archive-system, leveraging K2 workflow and techmasters middleware components to take advantage of audit-proof versioning and archiving.

Benefits

While the ECM system brings the document management expertise to the table, SharePoint adds organization-wide visibility, improved processes, and compliance to the solution.

Company-Wide Transparency
With the SharePoint solution in place, all authorized players now have real-time visibility to all documents needed for the credit files, providing a single point of truth and including full-text search based on OCR capabilities, all tied together using techmasters Active Migration Manager. The use of e-mail and wait time for documents was significantly reduced, resulting in faster customer transactions.

Automation and Improved Productivity
A powerful metadata concept enhances productivity by facilitating search requests and providing the most appropriate documents to the respective audience. Process automation, leveraged by K2 workflow is estimated to increase productivity at least by 30%.

Better Cross-Company Decision-Making
The decision-making process has been generally accelerated by having a single point of truth for all documents and by facilitating K2 for workflow based support. Its quality was improved by automatically documenting all votes and the changes to the necessary documents. Decision processes were modeled directly within the system with an automated workflow for collecting votes about credit decisions.

Timely SLAs
A reporting system was connected to measure service partner performance in providing documents against defined service level agreements (SLAs), which resulted in more timely execution.

Improved Compliance
Thanks to the audit-proof archiving solution based on techmasters Active Repository Manager, decisions and actions are automatically documented and tracked, improving governance, risk, and compliance (GRC). As a great accomplishment, now 100% of EAA credit decision processes are GRC-compliant.

Business-Critical SharePoint (BCSP) is a Microsoft partner program that includes top solution and service providers who focus on Line-of-Business (LOB) integration with SharePoint.

© 2013 Microsoft Corporation. All rights reserved. This case study is for informational purposes only. MICROSOFT MAKES NO WARRANTIES, EXPRESS OR IMPLIED, IN THIS SUMMARY. Microsoft and Microsoft SharePoint are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. All other trademarks are property of their respective owners.

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Profil organizace

Erste Abwicklungsanstalt (EAA) is an independent public law entity in Germany, operating under the umbrella of the Financial Market Stabilization Authority


Third Party Software
K2
tecmasters

Software a služby
Microsoft SharePoint Server 2010

Stát/Region
Germany

Řešení podle potřeb
  • Produktivita
  • Finanční poradenství
  • Zajištění klíčových potřeb
  • Sharepoint Business Critical

Jazyk
English

Partneři
Adesso AG K2 tecmasters

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