DGAP-News: Aareal Exchange & Payment Platform: Aareal Bank Group develops platform solution to manage B2B payment processes and services
DGAP-News: Aareal Bank AG
/ Key word(s): Product Launch
Aareal Exchange & Payment Platform: Aareal Bank Group develops platform solution to manage B2B payment processes and services
- Payment and exchange services: uncomplicated end-to-end connection of payments and other external services with full ERP integration and process automation based on a central platform
- Conserve resources, optimise processes, increase efficiency: major potential for companies to optimise complex processes - from clients right through to service providers
- First application in the housing industry - platform will be available for other sectors as well in the future
In the area of payments, property management companies can use the Aareal Exchange & Payment Platform to link different payment methods and services via a single interface. The solution provides for automated and efficient payment management processes and allows institutional landlords to meet the growing demand of many tenants for alternative payment methods. The platform allows for seamless integration of various payment providers into the existing payment processes of housing enterprises. Regardless of the payment method a tenant may want to use in the future - all relevant payment information is exchanged with the connected ERP systems, such as SAP RE-FX, Blue Eagle, Wodis Sigma and Wodis Yuneo. Incoming payments are automatically allocated and booked. Barzahlen.de has already been integrated; additional payment providers such as PayPal, MasterCard and Visa are already in the process of being connected.
AEPP also allows property management companies to connect external service providers in an uncomplicated manner through ERP interfaces. The first exchange service that deals primarily with the exchange of administrative data and documents is 'Aareal Aval', the digital tenant deposit guarantee, a product of Aareal Bank's plusForta subsidiary. Instead of the still-customary issuance of tenant deposit guarantees in analogue format which then need to be kept in a safe place, the entire process can now be managed in a fully automated and digital format from the ERP system. AEPP acts as a link between ERP systems and plusForta, in line with the payment processes. Housing enterprises can therefore use it to extend their service range and to meet their tenants' requests for a deposit guarantee, without having to adjust their processes or invest additional effort.
"Diverse external trends in digitalisation, urbanisation or regulatory issues are nowadays placing the housing industry increasingly under greater economic pressure. There is an urgent need for solutions that support property management companies' efforts to conserve resources and structure processes more efficiently", Dr Christian Fahrner, Managing Director of Aareal Bank AG, explains. "We are meeting this need precisely with the Aareal Exchange & Payment Platform."
B2B process management has great future potential
Aareal Bank aims to gradually expand the platform to include further payment providers, as well as additional services. It is also feasible that new housing industry services, such as laundry or parcel stations, may be invoiced through AEPP in the future; all of these represent new potential sources of income for the housing industry. This also applies to services offered by other sectors. "Platform solutions offer great potential that is set to continue growing in the years ahead", Dr Fahrner concludes. "With AEPP, we are offering companies a decisive building block on which they can optimise their own processes towards platform-centric B2B process management."
Additional photographs for editorial use can be downloaded here.
About Aareal Bank Group:
01.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Aareal Bank AG|
|Phone:||+49 (0)611 348 - 0|
|Fax:||+49 (0)611 348 - 2332|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm|
|EQS News ID:||1151669|
|End of News||DGAP News Service|
Currently there is a rather positive sentiment for Aareal Bank AG with 7 Buy predictions and 3 Sell predictions.
As a result the target price of €35.00 shows a very positive potential of 50.862% compared to the current price of €23.20 for Aareal Bank AG.