Germany's Landesbank Sachsen Girozentrale (Sachsen LB) is deploying Fernbach Software's Java-based FlexFinance suite to support its loans business and introduce IAS-compliant accounting.
Fernbach's Loan Factory application automates loans processes from application through to settlement and accounting.
Sachsen LB will use the International Financial Reporting Standards (IFRS) module from FlexFinance to introduce International Accounting Standards (IAS) compliant accounting. Fernbach is teaming with Oracle Germany to deliver the IAS software.