SCHUMANN reports successful business year 2019

For 2019 the Göttingen-based consultancy and software company SCHUMANN achieved an increase in turnover of 20 percent. This was accompanied by a continuous rise in personnel to the current level of 160 employees.

The growth of the company is especially attributable to the ongoing digitalization in the financial services and insurance sectors. Here, SCHUMANN is well-represented with market-leading solutions for credit risk management. "Digitalization makes possible, and at the same time requires, the intensive networking of all participants in the value-creation chain. With its products, SCHUMANN enables its customers and partners to establish these digital connections.", said Managing Director Dr. Martina Städtler-Schumann, explaining the background to the company's positive development.

Digitalization in credit risk management

The company not only supplies software in this area, it also develops specialist solutions working closely with its customers and advises them using its extensive industry expertise. Artificial intelligence, machine learning and data analytics are not new methods for SCHUMANN, they have been used for many years wherever necessary and useful. "Overcoming the challenges of digitalization and risk management will be one of the most important tasks for many companies in the coming years. We offer the industry standard that makes it possible for established companies to continue their market success", Städtler-Schumann is confident.

In order to remain the specialist and technical pioneer on the market, SCHUMANN continually makes considerable investments in the further development of its standard software. This benefits the customers, who, in addition to having a comprehensive range of specialist software modules at their disposal, can also use the software to introduce end-to-end solutions in which multiple market participants are connected with each other. This also enables completely new business models.

Enormous demand for specialist staff

In order to cope with the growth and to provide all its services, in 2019 SCHUMANN took on 19 new employees; five trainees were given long-term contracts. There are currently, however, around 15 positions advertised. The company supports the individual development of every employee and takes into account their personal situations. Working on complex assignments in an international environment during the day and spending the evening with the family are not mutually exclusive. "Satisfied and motivated employees are the basis of our success. We offer challenging leadership tasks in customer consultancy and software development. As market-shapers we are in direct contact at management level and our customers rely on our expertise", explained Städtler-Schumann.

Positive outlook for 2020

SCHUMANN is also expecting a successful business year in 2020. In the area of industry and trade increasing protectionism, the Brexit as well as changes in the automobile industry and mechanical engineering are causing increased uncertainty in business operations. "Modern solutions for the control of customer credit limits and payment conditions are therefore in high demand", commented Städtler-Schumann.


*About SCHUMANN

With its headquarters in Göttingen, SCHUMANN is a family-run, German company that uses modern technologies to create innovative and reliable IT solutions for businesses worldwide. Many years of experience guarantee customers high quality and a stable, cooperative relationship based on partnership. Our software products and comprehensive, competent consultancy enable companies to do business more efficiently and effectively.

With flexible, scalable products, SCHUMANN offers specific industry solutions in the areas of (credit) risk management, the associated process control and risk evaluation. Companies are put into a position to save costs through optimized processes and thus to increase their competitiveness. Industrial and trading companies, financial service businesses and providers of credit insurance and surety bonds have been relying on software solutions from SCHUMANN for more than two decades.

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