FinLogix, Inc.

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BNP Paribas Factor

Challenge

Provide a totally new Factoring and Project Financing core system replacing old legacy (functional and old mainframe system).

Solution

Dedicated Factoring System for the BNP group.

Results

  • Implemented system in new web and client/server platforms
  • Fully automated factoring processes ~ 2 Million contracts/Year
  • Highly scalable solution: Started with 2 Unix platforms, now 8 with high availability and increased response time
  • Implementation of a B2B factoring market-place and risk management services