Banking with SAP

Pedram ZARKANDI
03.08.23 11:04 PM Comment(s)

Digital transformation is paving the way for innovation in banking

Banks that drive digital transformation are using data in the cloud and intelligent technologies to lower costs and maximize speed while improving the customer and employee experience.
Migration to the cloud

Banks are operating in the cloud safely and more nimbly by leveraging intelligent technologies, such as AI and machine learning (ML), for improved speed and accuracy. They can develop new business models in the cloud to avoid being disrupted, gain efficiencies to fund innovation, and transform mission-critical systems while mitigating business risk. 

CFO as a strategic visionary

The role of the CFO is evolving and expanding with the use of data analytics and intelligent technology. Moving beyond financial reporting and P&L, CFOs are leveraging advanced data analytics to gain greater insight into strategic planning and help line-of-business heads make better-informed decisions. 


Sustainability

Banks are facing increasingly complex sustainability requirements in balancing the needs of the investor, the transition to carbon neutrality, and the advancement of social goals while grappling with regulations and data gaps. Through the use of advanced data analytics and reporting, banks can more easily meet these requirements.


 
Competition for talent

To attract and retain the top talent needed to drive digital transformation, banks are providing employees with the most advanced digital tools and an overall experience that fosters employee engagement, growth, and satisfaction.






Innovative banking solutions from SAP and Partners

Solutions that address specific banking industry needs help you achieve cost-effective transformation and sustainable growth.

 
SAP S/4HANA Cloud for finance

Managing risk, complying with regulations, and providing accurate and timely information is essential in banking. Our cloud ERP software can help banks stay compliant, manage financial data, control costs, and reduce risk. 

 
SAP SuccessFactors solutions

Staying ahead means attracting and keeping the right talent. Our responsive workforce management solutions can help banks achieve this with robust human capital management capabilities and in-depth employee experience insights.

 
SAP Business Network

By improving visibility into spend, banks can identify savings opportunities within their global supplier base. Our solutions can help digitalize and automate procurement and supplier collaboration for greater spend agility.

 
SAP Profitability and Performance Management Cloud

Get intuitive, cloud-based tools to define, build, and manage sophisticated and flexible business models without IT involvement. You can increase trust by replacing manual, error-prone spreadsheets with robust processes.

 
myWave.AI Intelligent Personalization Platform

Deliver intelligent personalization by combining AI, personal data, and proactive automation to make every product or service centered on the individual customer, allowing you to serve customers as individuals at scale.


 
Cloud for Banking (C4B) by Fioneer

Use a next-generation, wallet-type solution that enables banks to store and manage transactions of all “currency” types, such as fiat, digital currencies, tokens, and loyalty points for your customers.


Pedram ZARKANDI