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Caja Segovia adapts to new accounting regulations with the help of .Net technology

Industries:

  • Financial Services

Offering Groups:

  • Solutions

Solution Areas:

  • Financial Solutions

Regions:

  • Spain

Challenges:

  • To renew part of the technological infrastructure it decided to evolve technologically from Cobol to .Net.

Benefits:

  • Integration ease: as they are new technologies.
  • Cost reduction: as it does not run in the host.
  • Reliability: as the design is better.
  • Management possibility: as it is easier to develop and scale.
  • Availability

The Challenge

The fundamental element which differentiates savings banks from other financial institutions is their social and cultural work. This objective was the reason why Caja Segovia was created in 1877 to benefit the most disadvantaged classes.

In 2002, Caja Segovia celebrated its 125th anniversary. Throughout all this time, Caja Segovia has always fought for the standard of living and development of Segovia and its province.

Caja Segovia identified the need to renew part of the technological infrastructure which supports its business to gear it to the latest market requirements. In need of a solution which complied with new legal accounting regulations (NIC), it decided to evolve technologically from Cobol to .Net. This evolvement has afforded the company a scalable solution which is not only more efficient but also less costly than the present system.

The renewal consisted in adopting a factoring solution which supported its business thus enabling it to develop and scale at a lower cost than the present solution.

Caja Segovia chose Fujitsu España Services S.A. to develop the aforementioned factoring solution. This choice was the upshot of the trust it has placed in the company over many years and of the in-depth knowledge of Net. technology and the know-how that Fujitsu España Services S.A. demonstrated in this area at a consulting level, as well as the methodology presented to develop the solution.

Fujitsu España Services S.A. was charged with developing tailored software in accordance with the functional analysis provided by Caja Segovia.

Customer profile

La Caja de Ahorros y Monte de Piedad de Segovia is a private, legal foundation which began its activity in 1877.

It is a member of the Savings Bank Federation of Castilla y León. It forms part of the Spanish Confederation of Savings Banks and is a member of the Savings Bank Deposit Guarantee Fund.

The Solution

The factoring solution developed by Fujitsu España Services S.A. optimizes processes and provides its own operating environment for the management of transactions linked to these services. This is accomplished by means of:

  • Business consulting, to analyze the entity’s business model and to define the functional scope of the solution in accordance with its current needs and development strategy.
  • Technical consulting, to determine the requirements of the technological platform.
  • Tailored implementation.
  • Developmental maintenance.

On a technological level, the solution developed specifically by Fujitsu España Services S.A. for Caja Segovia consisted in creating tailored software in accordance with the functional analysis furnished by the entity.

The solution operates via a three-tier architecture which encompasses the data layer using Net Remoting. The presentation layer is developed via Visual Studio .Net. The business layer is divided into entities and developed in classes in Visual C# and procedures are stored in SQL Server 2000. Finally, the data layer also uses SQL Server 2000.

The solution implemented is currently providing coverage for one user per large Caja Segovia branch and for several users in the main company office.

Thanks to the collaboration of Caja Segovia in defining the functionalities of the business application, Fujitsu España Services. S.A. has succeeded in designing a solution which is perfectly adapted to its needs, with a high degree of user satisfaction.

The Benefits

The main advantages obtained by Caja Segovia in incorporating the solution developed by Fujitsu España Services. S.A. are:

  • Integration ease: as they are new technologies.
  • Cost reduction: as it does not run in the host.
  • Reliability: as the design is better.
  • Management possibility: as it is easier to develop and scale
  • Availability

At a technical level, state-of-the-art technology has been adopted and all that this entails: it is easier to develop and scale and costs less.

At a business level, the application includes more functionalities than that which had been implemented previously and, furthermore, it incorporates the validations needed to adapt to new legal regulations.

All these advantages can be summed up as short-term benefits for Caja Segovia both in terms of profitability and the efficiency and effectiveness of its business processes.