FERNBACH: Finance, Risk & Compliance – FlexFinance rounds off your core banking system perfectly
Posted: 31 January 2014
FERNBACH provides a ready-to-use solution out of the box for Finance, Risk & Compliance (FRC). FRC is a management approach that encompasses the most important sectors in a company into the planning and management strategies for business operations. Hence, business processes are analysed to determine how they influence profits, show resilience to risks and conform with corporate targets and supervisory requirements.
If profit-making is introduced as the corporate driving force and further levels of activities are included, it can be ensured that the opportunities and risks generated by business operations can be analysed in equal measure in an integrated management approach. This forms the basis for a sustainable increase in efficiency and effectiveness.