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Case study · Liquidation & bankruptcy

Wolters Kluwer Spain

A global information services company adding bankruptcy auctions to its financial services portfolio — and needing the auction to behave like the rest of its infrastructure.

The Wolters Kluwer Spain bankruptcy auction platform

The situation

Wolters Kluwer serves professionals in health, tax and accounting, risk and compliance, finance and legal. In Spain they wanted to extend their financial services offering to include bankruptcy auctions for their clients.

They already had an auction site. It lacked the functionality they needed, was not stable enough for the volumes they anticipated, and could not keep pace with demand. They were looking for two things at once: better software, and a partner willing to enter a long-term co-development relationship rather than deliver a project and leave.

What was required

The core requirement was multi-tenancy in a specific sense — the ability to run multiple auctions for multiple clients, each with their own auction and bidding preferences, inside one system.

Two integrations were non-negotiable. The platform had to connect to their asset management system, so that assets did not have to be entered twice. And it had to connect to their accounting system for both clients and bidders, with invoicing and internal bookkeeping fully automated.

What we built

An enterprise deployment configured for their brand and their standards, with the integration API doing the work at both ends: assets flowing in from asset management, invoices and settlement data flowing out to accounting.

This is the pattern the integration API exists for. The auction is not an island with an export button; it is a component in an existing financial systems landscape.

Result

Wolters Kluwer can offer bankruptcy auctions as part of a broader financial services portfolio, with the operational efficiency their internal processes require. For us it remains the clearest demonstration of the platform working inside a large organisation's existing architecture rather than beside it.

A lot listing on the Wolters Kluwer Spain auction site
Lot detail, integrated with their asset management system