Major European Bank live with the Simple Access Module (SAM) of FCR
A major European Bank has extended its FCR - Framesoft Contract Repository installation used for managing any kind of master agreements and netting processes. FCR now especially supports the whole process of any kind of master agreement request starting in the front office department till the execution of the agreement in legal area.
The embedded workflow engine has just recently been extended by SAM (Simple Access Module) offering instant, secure access for thousands of additional users by providing an easy to use, html based front end to FCR workflow functionality without any installation procedure. Especially users from front office departments are empowered of creating and working with master agreement requests and tracking their status. The communication between the various parties involved in master agreement requesting is streamlined and bottle necks are easily identified. The achieved overview about the status and the details about all ongoing master agreement negotiations help to reduce administrative overheads and leads to a reduction of operational risk.