Sparebanken Møre is a central player and supporter for businesses in the Northwestern region, which requires efficient support systems for the bank's corporate advisors. At the same time, there is a desire to free up more time to create added value for the bank's customers by offering relevant financial advice, increasing automation, and reducing the processing time for loan applications.
"We look forward to using the new analysis tool where the collection of financial statements, generation of analyses, and forecasts occur automatically. This streamlines our workflow and enables us to provide even better advice to our business customers."
Terje Krøvel, Head of the Business Market Division at Sparebanken Møre.
The agreement between Sparebanken Møre and Stacc encompasses BM Analyse, Stacc's industry-standard solution for financial analysis and advisory services for businesses. The solution will be delivered configured to meet the bank's business needs and integrated with the bank's core system solution and relevant third parties.
BM Analyse covers 360° financial analysis of sole proprietorships, SMBs, and subsidiaries. Automated third-party lookups gather the company's financial data, analyze liquidity and cash flows, calculate the ability to service new loans, the impact of new investments, and simulate how different scenarios will affect short- and long-term risk.
The solution can also be used to simulate various scenarios such as startups, crises or downturns, innovation and growth, or geographical expansion. In addition, BM Analyse includes an industry module that imports and compares key figures from various industries, such as agriculture, property rental, project financing, and more.
The project is already underway and is planned to be completed by the fall of 2022.
Stacc has had a long-standing and successful collaboration with Sparebanken Møre in delivering Rådgiver PM, Stacc's industry-standard solution for financial analysis and advisory services for the private market. We now look forward to expanding our partnership with a similar solution for the business market.