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Bank für Sozialwirtschaft processes transactions of every size from small donations to complex financing for institutional clients. To this end we require powerful and extremely stable servers and storage for our SAP landscape. SPARC T7-4 and Oracle FS1-Flash easily meet these requirements.
Bank für Sozialwirtschaft (BFS) works as a speciality bank for businesses and other organizations in the social, health care, and education sectors. It provides financing solutions, liquidity management such as factoring, investment opportunities for institutional clients, support for fundraising activities, advisory, and other services.
BFS found it was impossible to map their specialized portfolio with a standardized IT solution. As a result, BFS had been using a SAP R3 infrastructure with SPARC T5 servers and Oracle’s Pillar Axiom Storage System. BFS had to update the storage solution in order to meet the growing regulatory requirements of the Federal Financial Supervisory Authority (BaFin) and to provide additional IT resources for new services.
The new SPARC T7-4 servers and the FS1-2 Flash Storage Systems are more efficient than any other systems we know. They represent real technological progress. And Oracle Advanced Customer Support gave us outstanding assistance with their knowledge and efforts. We could not have wished for a better partnership.
The reserves of German welfare institutions were exhausted after World War I due to high post-war inflation. These organizations collaborated, and in 1923, founded the “Kreditanstalt für die gesamten Wohlfahrtseinrichtungen” (credit institute for all welfare institutions)—known today as Bank für Sozialwirtschaft AG (BFS). Its purpose was and remains to grant loans to non-profit welfare institutions, manage their savings, and provide them with financial and economic advice. BFS put in place a sustainable business model that it still uses today: Profits are either reinvested in the bank or donated to charity. Its shareholders are mainly the central associations of the independent charitable bodies, regional charitable associations, and other non-profit organizations in Germany.