Multi-entity credit automation solution at SOCIÉTÉ GÉNÉRALE
A successful remote implementation of ACP amid a challenging pandemic context
Background
This case study delves into the deployment of a multi-entity lending digitalization solution across three Société Générale subsidiaries, namely Société Générale Burkina Faso (SGBF), Société Générale Tchad (SGT), and Société Générale Congo (SGC). Noteworthy is the fact that this milestone marks the initial phase of a broader initiative encompassing nine subsidiaries. This endeavor represents a strategic move towards harmonizing credit processes across regions, leveraging ACP to streamline workflows while adhering to global security and data-sharing policies.
KEY CHALLENGESSociété Générale initiated the partnership as part of its strategic project to streamline its credit processes across its various African subsidiaries. Below are the key challenges of this case study:
& security
Adhering to Société Générale's global security and data sharing policies, as well as local regulations governing credit activities across different subsidiaries, posed compliance and security challenges.
HOW ACP EFFECTIVELY TACKLED THESE CHALLENGES HEAD ON
1500 % TAT
100%
7Countries
ACP multi-entity is a solution through which the banks can deploy a single instance of ACP digital lending solution and onboard multiple independent entities into the same platform while complying with the bank’s global security and data sharing policy across countries and continents.
ACP’s Service-Oriented Architecture (SOA) facilitates real-time interfacing with all internal third-party and external systems.
Setting up a single credit approval process that is driven by a unique workflow engine and having a common screen configuration in order to benefit from a streamlined credit process across regions. Along with offering the ability and flexibility to adjust to the different policies of each subsidiary in a total self-sufficiency manner.
ACP has empowered SG to enhance turnaround time and commercial efficiency, improve risk control standards, reduce time-to-market for new products, and proactively address diversified and continuously evolving regulatory requirements.
