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Factoring Credit Process Workflow Automation

Services Covered:

Custom Software Development • Application Integration • Digital Transformation
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Industry
Industry

Financial Services

Duration
Duration

20 months

Budget
Budget

200K - 999K

Client Size
Start Date

1 January 2021

Team Size
Team Size

6-10 Employees

Engagement Model
Engagement Model

Onshore

Project Capability Score (PCS)

gauge meter
80/100
Strong

Project Capability Score (PCS) estimates how capable Execon is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

BNP Paribas Faktoring

mapWarsaw, Poland

Project Summary

Execon developed a workflow automation system for BNP Paribas Faktoring using Bonitasoft and Java. After discovery and data analysis they defined an MVP, built a dashboard and a customer search engine, created forms for employees, and integrated external systems to automate the credit decision process. The vendor communicated effectively using scrum events and delivered high-quality work on schedule.

Key Challenges

  • Improve, automate, and monitor the company's credit process

Project Deliverables

  • MVP for new-customer credit process and most common product
  • Dashboard aggregating tasks and information
  • Customer search engine
  • Forms for sales employees to collect client data
  • Integrations with external systems and automatic document generation
  • Expanded factoring processes and support for multiple products in one application

Project Solution

Execon conducted discovery and data analysis to define an MVP for the credit process, implemented a dashboard that aggregates tasks and information, and developed a customer search engine. They created forms for sales employees, integrated the system with external services to automate activities, implemented automatic document generation, and expanded functionality to support multiple products and additional factoring processes. The team worked in iterative stages and participated in scrum events with the client.

Project Outcome

  • System enabled processing of factoring applications and supported the client's core business process
  • Users can prepare complete applications (data entry, import contracts, attach documents) and perform risk assessments
  • Factoring decisions are generated according to a defined decision-template
  • Built-in logic verifies compliance with the client's internal credit policy
  • Digitization replaced complex Excel/Word processes with a coherent system for customer data

Platforms

  • API/Integration PlatformAPI/Integration Platform

Tech Stack

  • JavaJava

Client Endorsement

Overall Review Rating

5star

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Execon led a collaborative process, communicating with the client to stay on the same page. They were coherent, well-organized, and  knowledgeable. In the end, they delivered high-quality work in a timely manner.”

Anna Hryc

IT Project Manager

Note: This endorsement is based on publicly available client feedback from external review sources.