Faktor-IBP logo

Faktor-IBP

by Faktor Zehn · Since 2004
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Active1+ countriesCloudOn-premise
Quick facts
VendorFaktor Zehn
Year launched2004
StatusActive
LocationFriedenheimer Brücke 21 80639 Munich Germany
Countries served1+
Languages2
Integrations1+
Free tier
Free trial
Contact salesYES

About Faktor-IBP

Faktor-IBP is a standard software platform from Faktor Zehn that supports insurance companies in their operations. It combines a modern tech stack, numerous customer references, and modular usage options so that businesses can tailor solutions to their needs. This software ensures adaptability and scalability for various insurance processes. Faktor-IBP also provides access to client insights, industry news via Faktor Zehn Quicknews, and testimonials showcasing user experiences. Key capabilities: modular application modern technology customer insights industry news user testimonials Best for: insurance companies that need customizable and modern software solutions.

Faktor-IBP (Integrated Business Platform) by *Faktor Zehn* is a modular software solution designed primarily for the insurance and financial sectors, with a focus on customer relationship management (CRM) and policy management. Built to streamline complex business processes, Faktor-IBP offers a comprehensive suite of tools to manage customer interactions, product lifecycles, and back-office operations efficiently. Its core strength lies in its adaptability and support for highly individualized customer journeys, making it a valuable asset for enterprises seeking tailored CRM functionalities. Designed with scalability and flexibility in mind, the platform is suited to both mid-sized and large enterprises in insurance, enabling them to digitalize processes from sales and service to claims and policy administration. The user interface of Faktor-IBP is clean, professional, and designed with usability at its core. Although it is clearly engineered for enterprise use, the UI maintains a balance between complexity and accessibility. Users can easily navigate through different modules via a structured layout with intuitive menus and responsive dashboards. The role-based design ensures that users see only relevant data and functions, thereby reducing clutter and improving usability.

Pros & Cons

What users like
  • +Enables phased implementation without immediate system-wide changes.
  • +Offers a customizable 360-degree view of all relevant partner data.
  • +Supports cross-divisional and cross-channel partner data management.
  • +Maintains historical data and helps meet legal requirements like GDPR.
  • +Built with Java and a service-oriented approach for easy integration and extensions.
What users flag
  • Extensive flexibility and customization might lead to implementation complexities.
  • Dependence on the open-source linkki framework might require specific expertise.
  • While adapters exist, integrating with diverse legacy systems could still require effort.
  • Users might need time to fully utilize the comprehensive 360-degree view and features.

Features

Key features

Flexible Partner Management
Faktor-IBP offers highly adaptable partner management that can be tailored to specific company needs, functioning as a central system or complementing existing ones.
Cross-Divisional and Cross-Channel Management
The system enables the management of customer and partner data across different departments and communication channels within the entire group.
Just-In-Time Migration
Faktor-IBP allows for implementation without requiring an immediate overhaul of all surrounding systems, enabling a phased integration.
360-Degree Customer View
It provides a comprehensive and customizable overview of all relevant data for a partner, including quotes, contracts, claims, contact history, and documents, potentially from external systems.
Integration via linkki Framework
The use of the open-source linkki interface framework ensures high flexibility and low maintenance effort for partner management and facilitates seamless integration with other systems.
Comprehensive Data Historization
All partner data is stored with historical revisions, which remain accessible and can be viewed in a change journal, ensuring data transparency and traceability.

Additional features

Central Maintenance of Partner Data
Enables maintaining partner information in one place without losing historical data.
Integration with linkki Framework
Utilizes an open-source interface framework for flexible integration and low maintenance.
Release Updates for Regulatory Requirements
Provides adjustments to the system to meet evolving legal and regulatory demands.
Just-In-Time Migration
Allows implementing the system without immediately converting all surrounding systems.
Separate Management of Prospects and Customers
Enables distinct handling of data for potential and existing customers, potentially for data protection or Code of Conduct compliance.
360-Degree View
Offers a customizable holistic view of partner-related information, including data from external systems.
Change Journal
Records all modifications to partner data, allowing for inquiry of historical data.
Direct Access to Business Partner Model
Provides users with direct access to the underlying data structure.
Versatile Extensions via Add-ons
Supports the addition of functionalities through optional extensions.
100% Java
The system is built using the Java programming language.
Service-Oriented Architecture (SOA)
All functions are easily accessible through REST services.
Consistent Interface Design
Employs a uniform interface design based on the linkki framework.
Seamless and Easy Integration
Offers adapters for connecting to peripheral systems.
Pre-built Integrations
Includes ready-made integrations with leading address validation services and other Faktor Zehn Suite components.
Cloud-Ready
The system is designed to be deployable in cloud environments.
Manage Individuals and Companies
Supports managing various entities like prospects, customers, participants, and service providers in the same or separate inventories.
Management of Diverse Contact Information
Allows managing master data, addresses, phone numbers, emails, bank details, credit cards, PayPal accounts, labeled as primary or otherwise.
Integration of External Testing Services
Provides an interface to connect external services for address and bank detail verification with suggestion matching and geo-data documentation.
Internationality
Supports multiple languages (standard German and English, with easy addition of others) and handles international addresses, phone numbers, and bank details with validation.
Historization and Change Journal
Keeps all partner data as historical revisions accessible to other systems and viewable in a journal.
Legal Requirements Implementation
Addresses EU GDPR requirements through status concepts and manages consents for advertising contact and supports Code of Conduct blocks.
All Functions Accessible via REST Services
Enables third-party interfaces and other systems to access and update partner data via REST services with optimistic locking.

Pricing

Free trial
Free version
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Countries & Languages

1
Countries served
2
Interface languages
15
Billing currencies

Available in

Germany

Interface languages

EnglishGerman

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇨🇳CNY🇮🇳INR🇷🇺RUB🇧🇷BRL🇲🇽MXN🇸🇬SGD🇭🇰HKD🇰🇷KRW

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