VÚB bank belongs to one of the biggest universal banks in the Slovak Republic. Since 2001, the VÚB bank has been a member of the international financial group Gruppo Banca Intesa which was renamed to Intesa Sanpaolo in 2007 after a merger. Its offer is focused primarily on mortgages and consumer credits, deposit and payment products and services, corporate banking and financing of foreign trade activities, consumer financing and factoring.
“VÚB Bank intends to constantly provide its clients with innovative solutions. Nowadays, they rely mainly on the fact that their requirements will be met effectively and on high-quality level. The bank needs to have a simple and transparent system able to quickly process individual offers, so the client will receive the statement on funding in a short period of time. We have been able to successfully manage this process also thanks to Millennium.”
The SMECAS (SME Credit Application System) application built on the LPS solution solves comprehensively loan products sales for a small and medium corporate segment. SMECAS manages the entire process of loan sales from customer arrival to a bank branch, through processing the application, client scoring, approval, processing of contractual documentation to loan termination. The application has been deployed to all corporate branches of the bank.
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VÚB cooperates with many suppliers. That´s the reason why the bank needed a tool for systematic management and registration of all concluded contracts.
Due to a large number of bankers preparing, administering and selling products as well as managing bank operation, it became necessary for members of teams to communicate in the same language among each other and also towards the customers regardless of whether they work at the headquarters or at the branch network.
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VÚB originally used for loan products sales management for small business clients the “Profipredaj” application which we delivered to the bank already in 2007. After the years of operation, the application needed either upgrade or replacement. As the best solution possible seemed to be implemenation of a new system within the environment of the existing SMECAS application (the internal name for a LPS solution) serving the bank for loan product sales management for corporate clients.
Since we had implemented to VÚB also the SMECAS application, the bank decided to approach us with a request for extension.
The extension of the solution has provided VÚB with the following important benefits:
VÚB bank, our long-term customer, manages the entire process of loan products sales for corporate clients using the SMECAS application. The solutions undergo constant development to reflect today’s business requirements and the bank´s needs.
“VÚB Bank intends to constantly provide its clients with innovative solutions. Nowadays, they rely mainly on the fact that their requirements will be met effectively and on high-quality level. The bank needs to have a simple and transparent system able to quickly process individual offers, so the client will receive the statement on funding in a short period of time. We have been able to successfully manage this process also thanks to Millennium”, said Andrej Viceník, Member of the Management Board and Executive Director Corporate Banking Division.
Last year´s events have influenced the application development as well. To overcome these difficult times regarding pandemics and help its clients, VÚB bank has decided to extend its portfolio by introducing new products processed in the SMECAS application. Thanks to this, the bank´s employees can help wider range of the clients and provide required services in a short time what has been reflected in their higher work effectivity. We are very glad that digital transformation of processes have provided lots of advantages for our customer.
The implementation of the SMECAS framework in the VÚB Leasing comprehensively addresses the issue of approving leasing contracts for the corporate segment of small and medium-sized clients.
SMECAS itself manages the whole loan product sale process from the customer coming to the branch through processing the application, client scoring, approving and processing contractual documentation up to termination of the contract. SMECAS belongs to critical applications and it is fully integrated into the infrastructure of the parent bank.