afb is a new association partner of the Bundesverband Factoring für den Mittelstand


Munich, 11 July 2017 – afb Application Services AG (afb), European full-service provider for financial and service providers, manufacturers and vendors, has become a new association partner of the Bundesverband Factoring für den Mittelstand (BFM).

The BFM is the central body representing the interests of medium-sized factoring in Germany. The association is committed to the needs of SMEs, especially for liquidity procurement independent of banks. The association's aim is to provide information about the financing model of factoring, to promote its use and to help create the best possible framework conditions. 29 factoring companies and 13 association partners are organised within the BMF. The affiliates provide assistance to around 8,000 SMEs in Germany.

afb supports the factoring industry in optimising and digitising business processes through full-scale business solutions and modular business services, consulting, operational and outsourcing services. The afb Factoring Management Solution covers the entire factoring process – from the offer to the financing application, including automatic decision-making and processing, through to validation and contract administration – by means of an end-to-end web-based platform solution. The service-oriented architecture bundles business services into end-to-end processes, with which every desired functional scope can be flexibly mapped. afb's consulting offer is based on two decades of experience in the optimisation of end-to-end processes in the financial sector and is characterised by the fact that its consultants do not only supply position papers, but also support in identifying, steering and specifying fields of action as well as in implementing these.

'We are delighted that we have been able to gain afb as an association partner', says Klaus Schierbeck, Managing Director of the Bundesverband Factoring für den Mittelstand. 'In the factoring industry there is currently a great need for action when it comes to optimising and digitising business processes. With its expertise and innovative technologies, afb wants to make a major contribution to the exploitation of existing digitalisation potentials in this sector'.

'We are convinced of the valuable work performed by the BFM. This is why we have decided to employ our expertise in supporting projects concerned with all aspects of digitisation in particular. We look forward to the fruitful exchange with association members. Our goal is to lead the factoring industry to the next level of customer experience', explains Gerolf Dienhold, board member of afb.

About afb Application Services AG

Based in Munich, afb Application Services AG has been optimising the financing operation of banks and leasing companies since 1995. A full-service provider, afb offers a customer- and project-specific mix of process, specialist and IT consulting, projects based on the afb Credit Management Solution, application and infrastructure management, business process management and outsourcing. Its innovative solutions enable companies to automate the entire credit process – from quotation to application with fully automated credit decisions and processing, through to contract management. Well-known companies from the financial services sector make use of the solutions offered by afb internationally to generate a significant percentage of their turnover.

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afb Application Services AG
Sylvia Hengstler
Senior Marketing
Phone: +49 (89) 78 000-353