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Honda Bank launches the expansion of Credit Management Solution from afb Application Services AG

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Munich, 30 June 2015 - afb Application Services AG (afb), a leading European full-service provider for the optimisation of financing processes of banks and leasing companies, announces the successful launch of the expanded and updated version of the afb Credit Management Solution (afb-CMS) for Honda Bank GmbH.

Honda Bank GmbH, the financial services subsidiary of the automotive and motorcycle brand Honda, has been using afb-CMS for the management of the credit and leasing business for private and commercial customers since 2006. Based on their successful collaboration over the past years, Honda Bank decided in 2012 to extend the Wholesale Finance functionality of afb-CMS and replace their existing in-house developed system. At the same time, the Retail Finance, Collateral Management and Business Intelligence functionality that Honda Bank was using were updated to the current afb-CMS version.

During the course of the joint implementation project, existing processes were analysed and optimised within the framework of business process re-engineering. The Frankfurt-based financial institution benefits from optimised data supply, increased efficiency and automation, for example through interfaces to an external collateral archive.

In addition to afb-CMS, Honda Bank uses vehicle information made available through data services as well as support services for administration and maintenance of the application. With this solution in place, Honda Bank benefits from the extensive experience brought to the table by afb, who already recognised the opportunities of cloud services with application service providing back at the turn of the millennium.

"After a decade of experience, we have established sustainability for our IT landscape through the extension of afb-CMS," says Christoph Pflaumer, Head of Organisation/IT at Honda Bank.

The optimal combination of partners, systems and processes to create a powerful overall solution is also an important concern for afb: "We are proud that we were able to expand our successful collaboration with Honda Bank", says Philipp Oberleitner, Manager of Sales at afb.


About Honda Bank

Honda Bank GmbH is the financial services subsidiary of the automotive and motorcycle brand Honda. In addition to retail financing of new Honda vehicles (cars and motorcycles) and used vehicles of all makes (passenger cars and motorcycles), Honda Bank's product portfolio includes leasing for private and commercial customers. Residual debt and lease payments insurance are also arranged. Honda dealers are additionally offered wholesale financing for new and demonstration vehicles (cars and motorcycles) and for used passenger cars. Based in Frankfurt am Main, Honda Bank also has a branch in Spain and currently employs approximately 100 staff.

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.

To find out more, please visit www.afb.de

Inquiries
afb Application Services AG
Sylvia Hengstler
Senior Marketing
Tel: +49 (89)78000-353
presse@afb.de

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