Thursday, June 17, 2021

Ideagen scoops contract with leading German international commercial bank

Derbyshire-based Ideagen has scooped a contract with a German commercial bank, with branches and offices in almost 50 countries, for its software system .

Commerzbank, the leading German international commercial bank, is to implement Pentana Audit , a software system from Ideagen, for its global internal audit operations.

Pentana Audit is Ideagen’s risk-based audit automation software solution used by over 450 organisations worldwide.

Ideagen specialises in providing compliance, audit, control and risk management solutions to banks, accountancy firms and financial services organisations and works with some of the world’s largest organisations in this area including BDO, BBVA and the European Central Bank.

It’s Pentana Assurance suite of software – which includes Pentana Audit, Pentana Performance and Pentana Disclose – consolidates Ideagen’s efforts in creating a functionally complete and market leading internal audit, compliance and oversight software suite.

Colin Smith, Ideagen’s Head of Banking, Finance and Audit at Ideagen, said: “This particular project is proof of our standing as one of the leading software providers to the global banking, audit and finance industry.”

Ideagen has recorded a “significant percentage growth” in its accounting, banking and finance operations in the current financial year. As well as Commerzbank, the company has welcomed a host of new clients including Standard Life Aberdeen, mBank, the CSSF – the Luxembourg Financial Regulator – Sheshunoff, Dun & Bradstreet, ICAEW, Deloitte Pakistan and Spirit of Texas Bank among others.

The company has also successfully extended implementation of its software among some of its prominent clients in the sector, such as BDO which expanded its implementation of Ideagen’s Pentana Audit software from the UK to the USA, Australia and South Africa.

Ben Dorks, Ideagen’s Chief Customer Officer, said: “The accounting, banking and finance sector continues to represent outstanding growth opportunities for Ideagen.

“In the current financial year, we have witnessed increased demand both for our products and services which has resulted in a significant growth in revenue from this particular sector.

“I am particularly pleased that, alongside the considerable new business gained, we are continuing to expand deployment of our software within our strategic accounts. This strategy will help us cement our standing as one of the leading software providers to the global banking, audit and finance industry.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.