View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 1, 2010

Oberbank To Deploy Transaction Lifecycle Management Solution From SmartStream

Oberbank, an Austria-based financial services group, has selected Transaction Lifecycle Management (TLM) Trade Finance from SmartStream Technologies, a provider enterprise-wide, real-time TLM solutions, to create a single platform for its cross-border and domestic business.

By CBR Staff Writer

Oberbank selected TLM Trade Finance to further automate its guarantees, letters of credit and collections business processes. The solution will be installed at Oberbank’s headquarters in Linz, Austria and will initially process domestic guarantees, followed by its Austrian trade finance business and later on its branches in the Czech Republic, Germany, Slovakia and Hungary.

Hubert Umlauf, general manager of organisational development and process management at Oberbank, said: “The SmartStream TLM solution clearly met our requirements with its ability to automate many of the processes and our staff found it easy to use. With TLM Trade Finance as a single, centralised solution for our domestic guarantee and cross-border trade finance business we believe that our business will be more efficient. With automated workflows and improved reporting capabilities we can spend more time talking to customers and providing the best possible service.”

Christian Schiebl, executive vice president of SmartStream Technologies, said: “We’re delighted that as part of their organisational review Oberbank selected TLM Trade Finance to manage its domestic and cross-border business. This will enable them to replace paper forms and data re-entry with workflow-based processes, electronic forms and documentation. As a result, Oberbank will lower their operational costs and risk, while supporting their ultimate goal; to further enhance reporting and client service to maintain a competitive advantage.”

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU