2009年12月16日星期三

FERNBACH - FERNBACH finalises the takeover of the Austrian aggregation CMB

Vienna & Luxembourg, 30 September 2008 – FERNBACH, a arch provider of absolute solutions for civic and all-embracing banking institutions, has broadcast its portfolio for FlexFinance® Profitability solutions by demography over the Viennese company, ‘Control-Management Beratung’ (CMB).

With the takeover of the Austrian consulting company, CMB, in September 2008, FERNBACH broadened its ability even added in the across of advantage by amalgam CMB’s arrangement into the FlexFinance® Profitability solution. FERNBACH’s accident administration apparatus will be an ideal addendum to the consistent application. This alliance has opened up the achievability of implementing a case administration action focussing on accident and crop which after-effects in a acceptable access in added value.

CMB, which was accustomed in 1962, has been specialising in advantage solutions for banking institutions for 25 years. Currently, the software solutions from CMB and FERNBACH are accepting accumulated to anatomy the next bearing of the FlexFinance® Profitability solution. FERNBACH will aswell crop over the abutment casework for CMB barter in Austria, Germany, Eastern Europe and the USA.

The FERNBACH solution, FlexFinance® Profitability, is a software affairs for absolute bank, assets and amount administration which allows for circuitous artefact and sales structures. Income-oriented sales and business strategies can be abundant application this absolute band-aid accumulation pricing, planning and the appraisal of sales, treasury, costs and action amount advantage systems as able-bodied as centralized reporting. The advantage band-aid allows after-effects to be traced step-by-step down to the akin of alone deals, banknote flows and accounting entries. There is beneath plan complex in accomplishing due to minimum abstracts requirements and standardised activity procedure.

The advantage band-aid is based on the aforementioned database (single source) as the FERNBACH band-aid for accounting beneath IFRS which ensures acquiescence and allows the alien appearance in the anatomy of IFRS/P&L and the centralized achievement appraisal from the advantage administration to be compared.

Lorenz Feierfeil, CEO at CMB commented as follows, “Our accepted software CS/4++ fits into the accepted FERNBACH FlexFinance® artefact alternation actual able-bodied and will aggrandize the ambit of functions in the new FlexFinance® Profitability solution. We are not alone admiring to be allotment of this development but aswell to be able to advance our aggregate ability and acquaintance the software accepting implemented in a customer's company.”

Neil Beckley, Country Manager UK at FERNBACH fabricated the afterward remarks, “The takeover of CMB and the aperture of our new annex in Vienna will accord us the advantage of accepting anon in the around of new or -to-be barter appropriately enabling us to aggrandize our chump abject and accomplish the best use of cross-selling potential.”

Suhas Nayak, Head of Product Sales EcoCap at FERNBACH added, “The next bearing of FlexFinance® Profitability, which unites the able credibility of CS/4++ and FlexFinance® Profitability, will aggrandize our ambit of articles for accident administration and IFRS while accretion the amount added offered to our barter because we can accommodate assorted angle of business activities such as accounting, authoritative reporting, accident administration and advantage on one individual platform.”

About FERNBACH:

FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.

FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.

FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.

www.fernbach.com

For added data amuse contact:

FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG

Tel.: + 352 402244-1
Fax: + 352 402244-310

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