The Challenge
Avida Finans specialises in offering financial products as deposits, loans, revolving credits and factoring to corporates and consumers in Sweden, Norway and Finland.
They needed to unify their product portfolio on a single modern platform to be able to create exciting products and services for the entire Nordic market and become the industry leader in understanding and meeting customers' needs throughout the Nordic region.
The Solution
Stacc delivers a complete core solution supporting deposits, loans, revolving credits and factoring, as well as process automation and case handling across the Nordics.
The solution consists of a ledger, depot, automated lifecycle handling of products and agreements from disbursement to closing and handles payment plans, due register, roles, customer data, automated periodic events, default management, automated debt collection, and running administration.
The solution also includes an integrated ERP system and different compliance requirements built-in.
The Result
With all customers moved to the new platform, work is starting for Avida to get the maximum benefit from the new technical solution.
Avida Finance is expanding and recently acquired Santander Consumer Bank's Swedish and Norwegian Credit Card business and the Sales Finance business Santander currently operates in partnership with Elkjøp Norge AS and Elgiganten AB in Sweden (both of which are our customers).
Avida Finance AB
Avida Finance offer companies and consumers financial services through simple and modern solutions.
Stacc solutions in use
Project tags
Consumer Deposits
Consumer Loan Origination
Factoring
Sales Finance
