As a provider of solutions for financial statement analysis, Global Format GmbH & Co. KG has successfully established itself on the market with the Global Format solution since 2005. Until recently, Global Format was only available as a so-called rich client, which means that the application had to be installed on the individual users' workstations.
Global Format became available as a web-based solution in mid-2012. Global Format Web is not only a technical innovation, but also a successful redesign of the program with an intuitive user interface and significant new features such as a powerful consolidation feature.
Just twelve months after the end of the pilot phase, more than 90% of the existing customers of Global Format GmbH & Co. KG had switched to this web-based application.
Global Format Web achieved its goal of reducing operating costs for customers and making it significantly easier to get new users started with the program. At the same time, the range of features expanded.
In addition to the Global Format Web app, Global Format GmbH & Co. KG also offers the following services:
Global Format Web is available on FI-TS systems, one of the leading data centres for the financial industry in Germany. The app is in full compliance with the requirements of the German Banking Act (KWG), the German Minimum Requirements for Risk Management (MaRisk) and the German Data Protection Act (BDSG).
In addition to using one's own analysts to create the annual financial statements, Global Format also offers an analysis service, making timely processing of all financial statements possible, even during peak times.
- Training Service
The training programme covers much more than the use of the Global Format Web app. Course topics include the accounting standards required by the German Commercial Code (HGB) and IFRS and analysis and optimisation of existing credit processes.
You can see the entire range of offerings from Global Format GmbH & Co. KG on their website: www.Global-Format.de. All of these features and services combined with an attractive pricing model make Global Format Web an interesting option for the banking, insurance and financial services sectors as well as industrial and commercial enterprises at home and abroad.
S&N AG was selected to implement the Global Format Web app after having successfully positioned BARS as a standard rich-client solution for balance sheet analysis on the market since 2005. S&N sees Global Format Web as an attractive alternative to BARS.
Due to the long-standing partnership with Global Format GmbH & Co. KG, both companies see many advantages in the distribution agreement for Global Format Web.
This cooperation puts S&N AG in the position of also being able to offer its customers the comprehensive range of services from Global Format GmbH & Co. KG.
For more information, please feel free to contact us.