Cap Gemini Ernst & Young U.S. LLC (“CGE&Y”) and BEA Systems, Inc., an application infrastructure software company, have unveiled OFL, Open Framework for Leasing, a comprehensive solution powered by BEA WebLogic Platform 8.1™. The companies say OFL is a new, business integration suite designed to help companies consolidate and integrate leasing and lending applications more quickly and cost-efficiently. OFL can be customized to support any financing business – from highly structured equipment financing to automotive leasing.
According to the companies, CGE&Y’s OFL solution can solve a business integration challenge for leasing and lending functions: integrating key front-office functions that can often be handled with off-the-shelf software (i.e., credit decisions, customer service) with back-office functions that typically manifest as legacy systems (such as lease-loan accounting, residual value calculation and dealer management). OFL is particularly appropriate for non-financial, manufacturing companies that also have leasing divisions.
“Our OFL integration solution is driven by our in-depth understanding of the leasing industry’s business needs and the way work flows really happen, rather than making the processes conform to the technology,” noted Anthony A. Turni, vice president, CGE&Y Financial Services. “It reduces the need for costly enterprise-wide IT investments, instead allowing companies to consolidate and leverage their existing systems. BEA’s platform greatly facilitates the process.”
“BEA WebLogic Integration 8.1 is ideal for OFL as it can offer business process management, implementation and essential integration capabilities, on a single unified and extensible platform, enabling companies to extend, integrate, deploy and manage applications,” said John Gray, vice president, worldwide alliances, BEA Systems. “BEA strives to partner with industry leaders such as CGE&Y to bring the latest solutions to market – in this case a business integration suite allowing companies to consolidate and integrate leasing and lending applications more quickly and cost-efficiently. This partnership is also testament to WebLogic Integration 8.1’s ability to enable a unified development and integration environment to a wide range of vertical industries.”
About Cap Gemini Ernst & Young
The Cap Gemini Ernst & Young Group is a provider of consulting, technology and outsourcing services. The company helps businesses implement growth strategies and leverage technology. Early 2003, the organization employed approximately 53,000 people worldwide and reported 2002 global revenues of 7.047 billion euros. More information about individual service lines, offices and research is available at www.cgey.com.
About BEA
BEA Systems, Inc. is an application infrastructure software company, providing the enterprise software foundation for more than 13,000 customers around the world. Headquartered in San Jose, California, BEA has 81 offices in 34 countries and is on the Web at www.bea.com.
