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Cap Gemini Ernst & Young and BEA Launch Business Integration Solution for the Leasing Industry

Cap Gemini Ernst & Young and BEA Launch Business Integration Solution for the Leasing Industry

(June 2, 2003—Cap Gemini Ernst & Young U.S. LLC and BEA have introduced OFL, Open Framework for Leasing, a solution powered by BEA WebLogic Platform 8.1™. 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.

CGE&Y’s OFL solution can integrate 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.

BEA WebLogic Integration 8.1 is an enterprise integration server, coupled with Liquid Data for WebLogic™, designed to address challenges in business office management, integration and implementation areas. WebLogic Integration can help to shorten development cycles, increase operational efficiency and more quickly automate business processes.

"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."

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WLDJ News Desk trawls the world of e-commerce technologies for news and innovations and presents IT professionals with updates on WebLogic related technology trends, products, and services.

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