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Aareal Exchange & Payment Platform: Aareal Bank Group develops platform solution to manage B2B payment processes and services - Seite 2

AEPP also allows property management companies to connect external service providers in an uncomplicated manner through ERP interfaces. The first exchange service that deals primarily with the exchange of administrative data and documents is 'Aareal Aval', the digital tenant deposit guarantee, a product of Aareal Bank's plusForta subsidiary. Instead of the still-customary issuance of tenant deposit guarantees in analogue format which then need to be kept in a safe place, the entire process can now be managed in a fully automated and digital format from the ERP system. AEPP acts as a link between ERP systems and plusForta, in line with the payment processes. Housing enterprises can therefore use it to extend their service range and to meet their tenants' requests for a deposit guarantee, without having to adjust their processes or invest additional effort.

"Diverse external trends in digitalisation, urbanisation or regulatory issues are nowadays placing the housing industry increasingly under greater economic pressure. There is an urgent need for solutions that support property management companies' efforts to conserve resources and structure processes more efficiently", Dr Christian Fahrner, Managing Director of Aareal Bank AG, explains. "We are meeting this need precisely with the Aareal Exchange & Payment Platform."

B2B process management has great future potential

Regardless of the sector they operate in, companies can take an important step today with the Aareal Exchange & Payment Platform towards integrating forward-looking services and payment processes in their own systems in a centralised manner, and set themselves apart from their competitors as regards process efficiency. The first housing industry clients, including the state of Hesse's largest property management company, Nassauische Heimstätte | Wohnstadt, have already tested the Aareal Exchange & Payment Platform in pilot projects.

Aareal Bank aims to gradually expand the platform to include further payment providers, as well as additional services. It is also feasible that new housing industry services, such as laundry or parcel stations, may be invoiced through AEPP in the future; all of these represent new potential sources of income for the housing industry. This also applies to services offered by other sectors. "Platform solutions offer great potential that is set to continue growing in the years ahead", Dr Fahrner concludes. "With AEPP, we are offering companies a decisive building block on which they can optimise their own processes towards platform-centric B2B process management."