17 Apr 18
News

VFS takes majority stake in software company

Volkswagen Financial Services has taken over the majority share of the Portuguese software company VTXRM, makers of the Accipiens software that covers the entire spectrum of electronic contract processing for financial and leasing companies. VFS is already using this software in numerous countries.

Dr Mario Daberkow, member of the management board of Volkswagen Financial Services, said: "Accipiens is one of our globally deployed contract management systems that helps us to standardise processes worldwide, increase productivity and thus reduce costs."

Accipiens is also an important tool to meet Volkswagen's target of offering all essential financial services products online by the year 2020.

Authored by: Benjamin Uyttebroeck