In high-volume corporate credit loans or when the Bank wishes to the spread the risk, several credit institutions may share the financing. A syndicated loan agreement forms the basis of this type of financing and is usually issued in cooperation with the local cooperative banks. DZ BANK was quick to recognise the advantages of a web-based system for processing the relevant credit applications.
For this reason an appropriate Business Process Management (BPM) System was developed and successfully introduced at the end of 2003, in collaboration with entory AG (a former company of the Deutsche Börse Group) and TIBCO-Staffware. This web-based system represents a successful transition from a paper-oriented system to a system based on web technology, with many advantages, especially in the reduction of processing times.
Since the functionality for creating formatted text content and/or analyses was not foreseen at first, the administrators and analysts were limited to using attachments in proprietary text formats. This has now changed. The integration of RealObjects' editor edit-on® Pro has provided over 500 users across the country with a high-performance, user-friendly tool for the creation of analyses and other word processing tasks.
RealObjects edit-on® Pro has successfully removed a technical weak point in the system. The user-friendliness has been increased and the efficiency of the system has been improved. A decisive advantage for us is the user-friendliness, which provides ease of use and configurable editor settings.
"To format text to be acquired in the data entry process, edit-on® Pro offers users the look-and-feel of normal word processing. This satisfies the requirement of representing complex technical content in a structured way and also allows the data to be transferred in the same format to the forms created in the workflow system." says Winfried von Coelln, Process Manager, DZ BANK AG, Frankfurt.
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