Axxiome Group celebrates successful year of foundation

Axxiome Group celebrates successful year of foundation - financial service providers demonstrate major consulting requirements, particularly for SAP Banking

(PresseBox) ( Unterhaching / St. Gallen, )
Axxiome Group is delighted with its first year in business, irrespective of the financial crisis. The trend seeing major banks and insurance companies opt for standardised IT systems for bulk business administration is increasing.

A spinoff of the ifb group, the Axxiome Group was founded on 1st July 2009 and offers process and module consulting and development services in relation to SAP Banking, SAP Insurance and SAP ERP Financials.

The Axxiome Group management and consultants have longstanding mutual experience in developing these business segments within Europe as well as North and South America. Accordingly, the staff are also able to call on extensive project knowhow and consulting expertise. In addition, the establishment of further companies in Mexico and Brazil is imminent. Overall, the number of employees rose from 80 to 120 in the first year of business.

Michael Mauk, CEO of Axxiome AG, St. Gallen, stated, "After an intensive and successful founding year, we are delighted with the exceptionally positive response from our customers and partners as well as the tremendous interest shown by the market in our longstanding, international experience in banking system optimisation. The move has proved to be a worthwhile step, despite or perhaps precisely because of the realignment going on in the financial markets. My thanks for the tremendous support we have received go out to our customers, partners and particularly my colleagues."

Axxiome Group customers comprise internationally operative banks, insurance companies, financial service providers and corporates wishing to standardise or industrialise their business processes through the introduction or optimisation of IT systems, primarily using SAP solutions. Process consulting carefully tailored to customer needs and precise implementation within the system help reduce costs and complexity, in turn increasing margins and efficiency. Core Banking (also called Transactional Banking), for example, incorporates systems for the administration of current accounts, savings accounts, time deposits, securities and loans.

Together with its partners, Hartter and maihiro,, Axxiome Deutschland GmbH will be presenting its banking platform at the SAP Banking Congress on 28th and 29th September 2010 in Frankfurt a. M. Visitors will have an opportunity to observe the stages of a transaction system, from the opening of an account and generation of bankcards through to tracing transactions, including the calculation of interest and due dates.
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