SAP Fioneer, the software specialist for the financial services industry, and Deutsche Pfandbriefbank AG (“pbb”) have launched the Digital Credit Workplace, a solution for commercial real estate financing that covers the entire lifecycle of transactions – from lending to credit risk management, all processes are supported.

The Credit Workplace is the answer to typical challenges faced by banks and financial service providers. Numerous manual process steps, fragmented IT support, distributed and redundant data and extensive use of end-user computing characterize the day-to-day work of experts. As a result, substantial efficiency potential cannot be realized, the use of AI is made more difficult, compliance requirements can sometimes only be met with great effort and ensuring consistent data requires additional measures and coordination.

The Credit Workplace relies on a significantly improved integration capability, introduces uniform and optimized data structures (e.g. when mapping assets) and enables the digitalization and automation of decision-making and risk processes. End-user computing applications can be scaled back and document-based process steps can be replaced by interactive dashboards tailored to the target group. The effort involved in recording, maintaining and copying data is significantly reduced, allowing employees to focus on the actual lending business and risk management. Overall, collaboration between employees within and between departments and with customers is significantly simplified.

“Thanks to the agile way of working in mixed teams of SAP Fioneer and pbb employees and the high level of commitment on all sides, the co-innovation was implemented on schedule,”

explains Michael Spiegel, Head of Operations & Digitalization at pbb.

“The Credit Workplace has considerably simplified our lending process. The intuitive structure and specific dashboards help enormously to maintain an overview of the complex processes involved in lending, risk assessment and portfolio management and to always have up-to-date information available. In addition, a number of manual processes have been automated.”

Dr. Alexander Wehrmann, Managing Director at SAP Fioneer, adds:

“Together with pbb as a strong and competent partner, we have established a new solution that not only comprehensively supports and substantially improves the processes for commercial real estate financing, but we have also taken an important step in expanding our product portfolio in commercial lending.”

Featured image credit: edited from freepik