| 2010 |
New customer – Møre Finans Located in the heart of one of Norway’s most scenic regions, Møre Finans is the only locally owned financial services company in Møre and Romsdal. The mother company Sparebanken Møre is a major savings bank in Norway with a 41,3 billion NOK working capital. Møre Finans is mainly offering leasing products to the thriving export driven regional business with local know how and presence through 31 regional offices. When Møre Finans was looking for a solution that could handle their expanding business in a more cost effective way, they opted for Banqsoft’s product range. We are pleased to have been selected as their IT-solution partner and is looking forward to working together with Møre Finans in their aim to improve routines and automate the business.
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Banqsoft participates at the Automotive Finance Summit in Berlin The Automotive Finance Summit took place in Berlin between 1 and 2 of June. The meeting was a successful gathering of a large number of automotive finance companies from all of Europe, several of them being Banqsoft customers. Banqsoft was pleased to sponsor this event that addressed the challenges and opportunities from the perspectives of captive financing, heavy vehicle, B2B and consumer finance.
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For Banqsoft 2009 was a year of growth and expansion During 2009 Banqsoft expanded its operations and has opened new offices in Poland and Finland, in order to meet the market needs. The CEO of Banqsoft, Stefan Niemi, is positive about the future:
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Banqsoft enjoys strong growth and major strategic client wins Oslo, April 12, 2010 - Banqsoft, an Oslo, Stockholm, Helsinki and Poland-based provider of mission critical financial software and professional services to companies providing lease, equipment and consumer financing, is pleased to announce the close of another landmark year in 2009. The company is continuing to enjoy strong growth in this recessionary period. Also, as was separately announced earlier this year, the Company has signed a landmark multi-year contract with DnBNOR Finans covering Norway, Sweden and Denmark. International expansion and large, strategic contracts with blue-chip financial institutions have been driving the Company’s development to date and this growth is expected to accelerate over the coming years. In light of the current global economic crisis, companies in the financing sector are forced to streamline their operations by using sophisticated and proven software solutions such as Banqsoft’s View 21 software suite. Using Banqsoft’s products and services becomes the preferred means for financing companies to increase their competitiveness in a cost-effective way. As a result, Banqsoft has experienced unprecedented demand for its products and services since the start of the financial crisis. This is demonstrated by recent high profile wins with market-leading institutions such as Raiffeisen Leasing and DnBNor. The Company, led by Stefan Niemi, has a market-leading presence in the Nordic market with blue chip customers such as Santander, Volkswagen and Toyota and is now rapidly expanding in Eastern Europe where it already won a number of high profile contracts with financial institutions such as Raiffeisen Leasing. Banqsoft’s core business is software solutions for effective management of credit portfolios including leasing, floorplanning and fleet management. Our aim is to combine cost efficient portfolio management with highly automated handling of the sales and credit processes. Banqsoft strives to offer our customers the advantages of the latest technology available in the market. This feature in combination with the rich functionality achieved through a long partnership with several world leading financial service providers make us unique. In Banqsoft’s Nordic and Polish core markets for vehicle and equipment financing software, the Company enjoys market shares of around 70% and 35% in Norway and Sweden respectively with growing market shares in Denmark, Finland and Poland. For further information, please contact:
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From February 22, 2010, Banqsofts Norwegian office is moving to new and larger premises in Oslo. Office’s new address is:
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DnB NOR Finans is one of the largest finance companies in the Nordic region with total assets of more than NOK 52 billion, managing 360 000 customers loan and leasing contracts. They are presently operating out of offices in all major Scandinavian cities as well as a number of regional centers. DnB NOR Finans is offering their products and services to private customers, industry and public sector. In the private market they enjoy a dominant position within the car financing market with more than 240 000 financed vehicles in the portfolio. Industry and public sector is offered a broad number of products including ICT-financing, vehicle fleet management and factoring. DnB NOR Finans business idea is to give its clients a strong local presence combined with a full range of services. This approach has resulted in a hefty growth during the last few years partly through acquisitions. As a consequence of this policy the total portfolio is today being operated on a number of different back office systems. When DnB NOR Finans started to look for a common platform for their combined portfolio, it was, according to their IT-development manager; Per Axelsen, of vital importance to find a supplier with the ability to offer a complete product specter in a multiple country environment. It was equally significant to find a supplier that was committed to handle the expected future growth of their business. The agreement with DnB NOR Finans entails an almost complete range of products from Banqsoft including the back office solution CoreView, our front-end application PreView and the reporting framework ReView. As a result of the economic down-turn, DnB NOR Finans is also focusing strongly on cost efficiency. -We believe that a modern and flexible platform will reduce our operational costs, giving us the ability to focus more on customer processes and the distribution of our products, Axelsen adds. In this area DnB NOR Finans is continuing their efforts to increase the proportion of self-service solutions for customers and partners. A single IT-platform for all units is of primary importance for this strategy. Banqsoft is proud to have been chosen as one of DnB NOR Finans’ main IT-solution providers and is looking forward to be a part of their strategy to be the customers preferred financial partner.
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Scania Finans AB has signed an agreement with Banqsoft regarding implementation of the financial platform View21 in Lithuania and Latvia. Scania Finans AB is a fully owned subsidiary of Scania and its main activity is to finance products from Scania through their branches in Sweden, Norway, Denmark, Finland and Estonia. After implementing View21, Scania Finans will be represented in all of the Baltic States.
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| 2009 |
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Eje Öberg, new CFO |
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Bjarne Sørum, new CTO Ine Ljosland Strand, new PS Director Ine is joining Banqsoft after 5 years as Project Director at a major bank in Norway. Prior to that, she has both worked several years within the consultancy industry in Norway and finance industry in the UK. Ine has a master of economics from Handelshøyskolen BI in addition to additional studies at Henley Management College and NTNU”. |
On October 27, Banqsoft opened a new subsidiary in Finland. The office is staffed by consultants for the Finnish market. The opening of the new office in Finland is in line with Banqsoft’s intent to have a local presence in active markets. |
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Banqsoft’s User Conference was this year held at Tammsvik Conference Center in Bro, outside Stockholm, and we at Banqsoft are pleased to see that so many chose to attend. During the two-day conference this year’s release party for View21 was presented alongside news about our products. Also, three seminars were held on the subjects Fleet View, Floor Planning and Core View, which was much appreciated among the audience. The conference ended with the annual meeting between the User Groups and their feedback to Banqsoft. This year’s conference was, as always, an excellent opportunity for exchange of information and experiences. We want to thank everyone who attended and hope that we will see you all at the User Conference 2010. For more information about our User Conference and User Group press this link. |
Banqsoft Sp. z o.o. is officially ISO 9001:2008 certified. |
Banqsoft's relationship with the Sparebank 1 group of savings banks goes back a long time with 3 of their financial services companies already firmly established as users of our solutions. We are therefore very pleased to have been chosen by the latest member of the group; Sparebank 1 Finans Østlandet for the administration of their entire credit portfolio. Sparebank 1 Finans Østlandet is a wholly owned subsidiary of Sparebanken Hedmark, one of Norway's most prosperous savings banks. It has since its establishment in 1996 grown to be a significant player within its field, being leasing, fleet management and loans given to the local business community as well as private market. Sparebank 1 Finans Østlandet is in the forefront of automated business processes and Banqsoft is looking forward to contribute to the further development of their operation. |
Banqsoft opens a new sales office in Warsaw in August. The office in Gdansk continues with development but the PS consultants will be placed in Warsaw. We hope that the new office will contribute to a closer contact with Banqsoft's customers in Poland and on the eastern market. The address to the new Warsaw office is:
Stefan Niemi, CEO Banqsoft, writes in the company's annual report that 2008 was a year of change and demand for innovation at Banqsoft, but despite the changes in the market and the global financial situation the year has been very successful for Banqsoft. Banqsoft has signed several contracts with new customers and also moved into the Eastern European market. Banqsoft is the market leader on the Nordic market and the company expect to continue increasing the market share in the Nordic market during 2009. Read more about Banqsoft in our Annual Review 2008 (pdf-fil).
Raiffeisen-Leasing Polska S.A., established in 1998, today is one of the biggest leasing companies in Poland. It is owned by an Austrian group Raiffeisen International, one of Europe's largest banks with a focus on Eastern Europe and Near East. It is not surprising that the company was awarded the title of "Best Business Partner" in Poland last year. Raiffeisen-Leasing Polska offers finance leasing, operating leasing along with products such as car fleet management, machinery and equipment leasing, and real estate leasing. The company also distributes car loans offered by Raiffeisen Bank Polska. Despite the situation on the global market, Raiffeisen has chosen to invest in new efficient technologies for their leasing operations. The choice fell on Banqsoft’s product family View21 and the project started in December 2008. With its rapid growth, Raiffeisen-Leasing was looking for a more cost-efficient handling of their broad financial portfolio. In order to improve the efficiency, the company needed a back-office system capable of handling their complex products and high business volumes. The agreement with Raiffeisen-Leasing Polska comes at a time when Banqsoft establishes itself on the Polish market through the acquisition of a Polish software company ScandiSoft, now Banqsoft Sp. z.o.o.
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After intensive cooperation during 2008 Banqsoft acquires 100 % of the shares in the polish company ScandiSoft Sp. z o.o. (former Visma Software Sp. z o.o.) located in Gdansk. Opening of an office in Poland converge with a new project in Poland for one of the largest leasing companies in the region. Both the establishment of the new office and the project is very strategic for Banqsoft as the strategy is to expand outside the Nordic market. The head office in Poland will be moved in the nearest future to Warsaw and office in Gdansk will remain as a branch office with developing and support functions. Company plans for 2009 to increase number of employees in Poland from 10 to 20.
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The CEO of Banqsoft, Stefan Niemi, is invited as a speaker. He will talk about their experience in entering the Polish market and selling services in the IT area. In 2008 Banqsoft established a subsidiary in Warsaw and got one of the largest banks in the Central and Eastern Europe as a customer. Poland has been chosen as a base for further expansion into other countries in Eastern Europe. If you want to attend this meeting, please send a mail to per-g.hallstrom@swedishtrade.se before January 12, 2009.
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| 2008 |
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Banqsoft today announced it has attained Gold Certified Partner status in the Microsoft Partner Program with a competency in The ISV/Software Solutions, recognizing Banqsoft’s expertise and impact in the technology marketplace. As a Gold Certified Partner, Banqsoft has demonstrated expertise with Microsoft technologies and a proven ability to meet customers’ needs. The ISV/Software Solutions Competency recognizes the skill and focus partners bring to a particular solution set. Microsoft Gold Certified Partners that have obtained this competency have a successful record of developing and marketing packed software based on Microsoft technologies. Microsoft Gold Certified Partners receive a rich set of benefits, including access, training and support, giving them a competitive advantage in the channel. “We are extremely pleased to have attained Gold Certified Partner status in the Microsoft Partner Program. This allows us to clearly promote our expertise and relationship with Microsoft to our customers,” said Magnus Åhlén, Vice President Sales & Marketing. “The benefits provided through our Gold Certified Partner status will allow us to continue to enhance the offerings that we provide for customers.” “Customers are looking for partner companies that can bridge the gap between their business demands and technology capabilities,” said Allison Watson, corporate vice president of the Worldwide Partner Group at Microsoft Corp. “They need to trust in a company that can act as an expert adviser for their long-term strategic technology plans. Microsoft Gold Certified Partners, which have certified expertise and direct training and support from Microsoft, can build a positive customer experience with our technologies. Today, Microsoft recognizes Banqsoft as a new Gold Certified Partner for demonstrating its expertise in providing customer satisfaction using Microsoft products and technology. ”As one of the requirements for attaining Gold Certified Partner status, Banqsoft had to declare a Microsoft Competency. Microsoft Competencies are designed to help differentiate a partner’s capabilities with specific Microsoft technologies to customers looking for a particular type of solution. Each Competency has a unique set of requirements and benefits, formulated to accurately represent the specific skills and services that partners bring to the technology industry. Within select Competencies, there are Specializations that focus on specific solution areas that recognize deeper expertise within that Competency. Serving as a specialized path to earning those Competencies. Specializations give direct access to the tools and resources that support that specific area of focus. The Microsoft Partner Program was launched in October 2003 and represents Microsoft’s ongoing commitment to the success of partners worldwide. The program offers a single, integrated partnering framework that recognizes partner expertise, rewards the total impact that partners have in the technology marketplace, and delivers more value to help partners’ businesses be successful.
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Among the key decision criteria were Banqsoft’s technical platform and functional features that to a large extent met the requirements of BEC’s customers. A market leading position in the Nordic region also contributed to BEC’s decision in choosing Banqsoft. BEC and Banqsoft are looking forward to joining forces on the Danish market and together offering leasing solutions and a range of additional services to the leasing services sector. The new solution will be available to existing BEC leasing customers during 2008 and 2009. About BEC
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The solution is already in production in Finland and will be rolled out in Sweden, Denmark and Norway during 2008. About Santander The bank is owned by Grupo Santander, the fifth largest bank in the world.
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Hertz choice of Banqsoft’s solution will broaden our offerings to the car finance market. About Hertz Lease First Fleet Services Hertz Lease First Fleet Services is part of the Hertz global network, delivering tailored fleet solutions to leading organizations in more than 40 countries throughout the world. A high degree of flexibility in combination with cost effectiveness is the main success factors of Hertz Lease. In Norway Hertz Lease First Fleet Services has been offering financing and administration of fleet portfolios for more than 20 years.
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Santander will use a broad range of Banqsoft products to manage their credit portfolio, primarily aiming at private persons and companies in demand for financing of consumer goods and miscellaneous movables. The agreement with Santander Consumer Finance would also further strengthen Banqsoft´s position in the Denish market.
Dustin Financial Services chose Banqsoft’s solution to support the business within leasing and hire purchase. Through the introduction of the new financial products Dustin Financial Services will be able to offer their commercial customers a complete range of products satisfying all their financial needs.
The establishment of new financial services companies are rare in Norway. For this reason it was particularly pleasant that the newly founded Landkreditt Finans decided to base its operation on Banqsoft’s solutions. The company has its head office in Ålesund and has at the time of its start-up 10 employees with sales offices in Bergen, Trondheim and Oslo.
The ability to distribute financial products through Felleskjøpet’s sales outlets was of vital importance when Landkreditt Finans was choosing its solution provider. Banqsoft is looking forward contribute to the establishment of Landkreditt Finans as a solid player in the rapidly growing market in the area of financing of machines and movables to the Norwegian agricultural sector. Managing Director Arne Oseberg (left), chairman of the board in Landkreditt, Ola Jordhøy, and chairman in FKA, Steinar Dvergsdal celebrates the establishment with a cake.
NetOnNet is a leading supplier of electro domestic products on the internet and was the first European player in this highly competitive market. In order to broaden their offerings to also include sale by payment installments NetOnNet has chosen to collaborate with PayEx. Prior to the Christmas shopping season, NetOnNet has released this new payment method "pay by installments" and "invoice" through its own finance company NetOnNet Pay AB. PayEx has been the developer of these services together with Banqsoft. According to Jörgen Pettersson of PayEx AB this intensive project has been a success and the turnover generated through the new product has been very satisfactory from the introduction in the beginning of November 2007. Banqsoft is very pleased to be chosen as the system solution provider when the leading provider of payment processes decided to further improve their product offerings.
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2007 |
Aktia Kort & Finans AB is a company within Aktia specializing in cards and financial services managing the sales, development and maintenance of a 150 000 card portfolio. When Aktia Kort & Finans decided to broaden their product range in addition to their card solution, they chose Banqsoft’s solution to support the business within credits, hire purchase and leasing products. According to Kristian Sevéus; Aktia Kort & Finans Customer Service Manager, Banqsoft’s dynamic solutions were decisive in their choice of supplier. For Aktia it is of great importance to always meet the markets need for new and flexible financial products he adds. We are also pleased to say that Aktia’s newly established daughter company; Aktia Företagsfinans, with high aspirations in the business-to-business market, also will base their product portfolio on Banqsoft’s systems. Aktia Företagsfinans will mainly offer leasing and hire purchase financing targeting the commercial community. Through the introduction of the new financial products Aktia will be able to offer their private and commercial customers a complete range of products satisfying all their financial needs.
Price competitiveness does naturally put strong demands on the credit providers ability to process new applications and manage existing loan portfolios in the most cost efficient way. Banqsoft is therefore pleased to be Eiendomskreditt’ choice when they were selecting a new IT-solution to support their business and simplify their processes. The contract does also strengthen Banqsoft’s position as a competitive supplier of portfolio management solutions to the mortgage loan industry.
Santander will use a broad range of Banqsoft products to manage their credit portfolio, primarily aiming at private persons and companies in demand for financing of consumer goods and miscellaneous movables. The agreement with Santander Consumer Finance Oy would also further strengthen Banqsoft´s position in the Finish market.
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Scania Finans AB is one of Swedens oldest financing companies, 60-year in 2007. “Even though our company has a long success history, we need modern and new administrative system solutions to assure our position in today’s more competitive market”, says CEO Leif Christensson, and points out the importance of a Nordic system on the markets where Scania Finans is operating. Rolf Tennander, Credit Manager in Scania Finans gives his comment; “New international rules and EU-directives, Basel II etc. for increasing control of financing, demands more efficient tools for analysis and reporting, and this is something we expect that View 21 will contribute to.” Scania Finans AB is a fully owned company by Scania and its main activity is to finance products from Scania through their branches in Sweden, Norway, Denmark, Finland and Estonia. For severalyears insurance has also been part of the portfolio. |
| 2006 |
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General availability for the CoreView 9.0 release is expected to be within October 2006. For more information on the View21 Product Suite, please select Products on the site menu” .
Being the solution provider to Toyota’ Norwegian operation during
the last few years it makes us specially glad to again be chosen as one
more of their Nordic operations decided to replace their existing system. Lantmännen Finans AB chooses Banqsoft as their solution provider Lantmännen will during 2006 implement the complete range of products in the View21 family offered by Banqsoft. This implies full automation of the whole process from sale to back-office routines. It does also involve an improved service level to the dealers. The company Lantmännen Finans AB was founded in the autumn of 2004 as a 100% owned subsidiary of Lantmännen. The motivation was to be able to offer a simple, cost effective customer financing as an alternative to the increased competition in sale and financing within the market for agricultural- and construction equipment. With the combination of a wholly owned financial services company and the general competence within customer financing, Lantmännen will add one more building block to the services it offers to its customers.
SC Finans Sverige AB is a subsidiary of the Sumitomo Corporation, one of Japan ’s three largest trading houses. SC Finans Sverige AB focuses primarily on vehicle financing for cars and light vans via Swedish dealers. SC Finans Sverige AB is owned by SC Motors Sweden AB and their fellow
subsidiary, Hyundai Bilar AB, is the Hyundai general agent in Sweden .
SC Finans Sverige AB cooperates with the Hyundai dealer network in Sweden
, comprising some 75 dealers and 85 sales outlets, under the name Hyundai
Finans. At the present time, there are some 13,000 contracts in stock,
with a balance of just under SEK 1 billion.
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