Aareal Bank presents BK01 eConnect, a new digital solution for the energy industry

Aareal Bank AG is launching a new product to add to its range of services for the energy industry...

Wiesbaden, 18 January 2016 – Aareal Bank AG is launching a new product to add to its range of services for the energy industry. The BK01 eConnect solution enables the standardised production and electronic transmission of billing data in an energy company's SAP system, and allows electronic bills to be adapted to individual client requirements with minimal effort. Three prestigious clients have already been brought on board, namely ENTEGA Energie GmbH, Darmstadt, RWE Vertrieb AG, Dortmund, and ZEAG Energie AG, Heilbronn.

"When it comes to electronic billing, it is very important for energy companies to meet their clients' individual demands", says Andreas Beckmann, Director of Integrated Payment Solutions, who is responsible for Aareal Bank AG's business with the energy sector. "To do this usually requires a significant number of technical adjustments involving the detailed processing of data by hand – a procedure that contains many individual steps and numerous sources of error. BK01 eConnect resolves this problem by providing an automated procedure."

"Aareal Bank Group sees itself as a driver of innovation in the field of digitisation," explains Thomas Ortmanns, Member of the Aareal Bank AG Management Board with responsibility for the Bank's Housing Industry division and energy sector business. BK01 eConnect represents a significant addition to Aareal Bank Group's portfolio of solutions for the energy industry, and has a wide scope of application because the standardised, cross-sector way of exchanging bills can be used much more easily not only with housing associations but also with chain stores and commercial/industrial clients. "This seamless digital process chain is an important foundation for quality, transparency and efficiency – and ultimately, therefore, for a high level of customer satisfaction too", says Thomas Ortmanns.

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