Banqsoft Chooses Hypergene for Budget and Forecast
Following a procurement process, Banqsoft has chosen Hypergene as its financial and operational planning system support. Banqsoft had outgrown its existing system and wanted to increase automation, integrate planning with the Maconomy business system and its Power BI solution, and streamline the budget process and ongoing forecasting.
With Hypergene, they will have the support they need, including the ability to work with rolling forecasts, simulations and scenarios, and support for more efficient reporting processes. Banqsoft will use the solution and the new approach in all five countries where Banqsoft operates. The goal is to halve the time for the budget process to spend more time on analysis and forward-looking.
Banqsoft is a Nordic company that delivers software solutions for managing loans, leases, inventory financing, deposits, invoices, collection, and credit administration for financial companies, banks, and collection agencies. Customers are primarily based in the Nordic countries and have installations in several other European countries. The customer list includes companies such as ABN AMRO, Santander, Toyota Financial Services, Handelsbanken, AL Finans, Pohjola Bank, and Scania Finans. Banqsoft has 400 employees with offices in Norway, Sweden, Finland, Poland, and Malaysia.