New! Your software solution for municipal loan processes

Developed with our customers

Based on the feedback from our municipal clients on the functions of Loanboox and our accumulated experience over the past years, we were able to develop an additional solution. The result is a software that represents the municipal loan process completely and without media breaks: Fincetra. With it, you control your financing in your own software solution.

How does Fincetra assist with your financing?

The quick-to-use software solution digitises and centralises existing loan processes. You have:

All in one software

Offers from e-mail, phone calls or fax are no longer necessary, everything is clearly presented in Fincetra. Internal communication and the creation of municipality-specific tender templates are simplified. You have an overview of the comparison of offers as well as the entire decision-making process and the subsequent documentation. Interfaces to accounting programmes facilitate the entire financing process.

Direct contact to your investors

Via your own distribution list you invite your house banks and brokers with your company name and branding directly from the software to the financing request. For the financiers, the offer submission is easily possible without registration. Furthermore, you will receive suggestions from Fincetra for suitable additional lenders, whom you can optionally contact. There are no brokerage fees.

Traceable processes from A to Z

You have access to current market and interest rate data at all times. All loan documents and your decisions are automatically documented and can be viewed at any time with an overview function and a history. This creates security as well as traceable processes before, during and after the financing application.

Would you like to see a demo of the software solution? We would be happy to show you Fincetra in a webinar.

Fincetra Kommunen login screen

Do you have any questions? Call us at any time on +49 221 9865420 or write to us at info@fincetra.com.

Results of the World Climate Conference: What the financial industry has to do with it

The World Climate Conference COP26, which ended mid-November, delivered important results against climate change. We show these and explain what sustainable finance means and what role the financial sector is playing in the fight against climate change.

The goal of the 26th World Climate Conference COP26 in Glasgow was to advance measures to achieve the goals of the Paris Agreement and the UN Framework Convention on Climate Change.

Achieving Net Zero: The contribution of the World Climate Conference COP26

The Glasgow Climate Pact was adopted at COP26 – almost 200 countries agreed to it. Aside from the one-sentence explanation of keeping the temperature rise below 1.5°C, these are the main points discussed by the delegates:

  • Coal will be “phased down”.
  • $500 billion to developing countries in the next 5 years to help them cut emissions and cope with the impacts of the climate crisis.
  • A database, communications and reporting system (Santiago Network) for countries and organisations to identify and catalyze opportunities and mobilize assistance to address loss and damage from climate change.

Some countries and NGOs described the results as “disappointing”. However, most countries agreed that the deal was balanced at this point, given their differences. The New Zealand chief negotiator summarized it as follows: “The text represents the ‘least bad’ result.”

More information about COP26 and its results can be found here.

Explanation of terms: Net Zero

Net Zero (net zero emissions) means that, through various measures, humans remove the same amount of the greenhouse gases they produce from the earth’s atmosphere. Accordingly, net zero means climate neutrality. The goal of global climate policy: to achieve Net Zero respectively climate neutrality by 2050.

Sources: Avenir Suisse and IPCC

What is the connection between the measures mentioned and the financial world?

The importance of sustainable finance

The way the world is currently managing its economy is not sustainable. The ecological level is overstretched and has reached its capacity limits. The financial sector has a central role to play in fighting climate change. On the one hand, enormous sums must be invested to promote sustainable measures, such as renewable energies. This is in order to achieve the UN’s Sustainable Development Goals. On the other hand, huge amounts of money are still flowing into organizations, projects and investments that do not meet sustainability criteria.

What role does finance play in net zero?

One of the key objectives identified in the run-up to COP26 was to mobilize finance. The Glasgow Financial Alliance for Net Zero (GFANZ) was launched to raise standards, drive ambition and ensure that Net Zero commitments are transparent, credible and consistent. Trillions must flow from the private and public sectors for Net Zero to be achieved.

Portrait von Andi Burri

Image source: flickr

“The private sector is realizing that climate risks are very important for their portfolios and they need to align them to a more sustainable way of doing things.”

 

Patricia Espinosa, Executive Secretary of the UN Framework Convention on Climate Change

500 global financial services firms have responded and agreed to align $130 trillion – 40% of the worlds’ financial assets – with the goals set out in the Paris Agreement, including limiting global warming to 1.5°C. An encouraging sign.

In the next article, we will do a deep-dive on the roadmap and the role of institutional investors, governments and cities to financing Net Zero.

Stay tuned.

What is the current status of German municipalities in terms of sustainability?

What is the current status of German municipalities in terms of sustainability?

Now available at Loanboox in the SDG Portal

The United Nations’ 2030 Agenda comprises 17 Sustainable Development Goals (SDGs). They serve to promote sustainable peace and prosperity and to protect our planet. What is so big starts small: Where measures become effective and tangible for people on a daily basis.

Supporting municipalities in their key role

“Municipalities play a central role in implementing the 2030 Agenda. Many municipalities have already set out on the path to a sustainable future, and many more are currently working on strategies and measures,” says Marc Wolinda of the Bertelsmann Stiftung.

In order to support municipalities in impact-oriented sustainability management, leading municipal associations, the Bertelsmann Stiftung and other partner organisations have created the SDG portal. “For example, the portal offers 56 SDG indicators with data for all municipalities with a population of 5,000 or more, SDG measures and a reporting tool,” Marc Wolinda explains further.

SDG portal now integrated on Loanboox

With one click on the SDG portal linked on the platform, all the goals already pursued by the municipality appear with stored indicators. The information, which can be accessed quickly, is an added value for investors as an orientation, since the importance of sustainable financing is becoming more and more important.

For municipalities, a whole catalogue of measures and examples for the implementation of the SDGs is available as inspiration for their own sustainable development. In addition, there is the possibility of comparison with other municipalities as well as the documentation of their own sustainable development through a reporting function.

Background knowledge

These are the 17 Sustainable Development Goals (SDGs) at a glance.

On site for you. We look forward to seeing you again!

On site for you. We look forward to seeing you again!

Digitally and by phone, we have been at your side over the last few months. Finally, we meet again in person.

From one day to the next, there was a home office instead of an office, digital meetings instead of meetings in person, digital contact instead of face-to-face meetings. Communication had to be scheduled, technically implemented and precisely planned. We proved last year that this works.

But what we also sensed: The exchange at a face-to-face meeting is hard to replace.

We are all the more excited to see you and talk to you at several events after more than a year. You will meet us at these state working conferences of the Professional Association of Municipal Treasurers:

What are the current challenges in your work? How can we support you in simplifying processes and further digitalising the treasury? We will listen to you and continue to be at your side.

You can make an appointment to talk to us at one of the events here. We look forward to meeting you!

New budgetary crisis? – Communal finance report 2021 of the Bertelsmann-Stiftung

The Corona-Crisis in Germany had a massive impact on everyone, including communes. They needed a large financial assistance package from federal and state governments. The generated surplus is solely based on those aids. Without them, the biggest deficit in history would be standing in the budget books!

Meanwhile, the communal investments reached an all-time high. Whether or how these can be realized, is not predictable. Find out more.

The communal finance report published by the Bertelsmann Stiftung analyses, which financial burdens for communes arose during this crisis and what impact the governmental financing aides had.

Do you want more details? You can download the entire report from the Bertelsmann Stiftung for free.

“Pandemic lifters” on site: municipalities urgently need financial resources

„Cities cannot close the gap alone,” says Markus Lewe, Vice-President of the German Association of Cities and Mayor of Münster in an interview with SWR-Aktuell. The municipalities lack the necessary financial resources. The German Association of Towns and Municipalities also knows that a bailout is needed for 2021 and 2022.

9 billion in tax revenue will be missing from the coffers of the municipalities this year and next year. This is the assumption of the German Association of Cities. But it is precisely at this time that financial resources are all the more important to solve the effects of the pandemic on the ground. The German Association of Cities is therefore calling for the federal government to compensate for the shortfall in tax revenues. The Federal Minister of Finance, Olaf Scholz, has so far said “no”.

For the municipalities, which are accompanying people through and out of the pandemic, this answer could have serious consequences: They are threatened with the cancellation of voluntary services that are so groundbreaking for the future. Especially the support of sports clubs, holiday and leisure activities and the cultural scene are important for families and children who have suffered most from the pandemic.

You can listen to the SWR interview with Markus Lewe and presenter Andreas Böhnisch here.

Securing future benefits

Last year, not only the federal government helped out the cities and municipalities, but the states were also very cooperative. The municipalities expect the same in the future, especially since the legal entitlement to primary school care will again generate costs that are the responsibility of the cities and municipalities. The principle for the distribution of financial burdens is actually “he who orders, pays”.

The uncertainty remains

In a position Paper, German Association of Towns and Municipalities also calls for a second bailout and underlines the importance of municipal investments as an economic driver. According to the paper, municipal investments account for about two-thirds of the state’s total investment activity.

Will there be another decision on the bailout fund before the federal election? Probably not. It remains to be seen to what extent the new government will respond to the demands of the German Association of Cities and Towns and the German Association of Municipalities.