SAP FOCUSES ON THE BANKING SECTOR

SAP FOCUSES ON THE THE BANKING SECTOR

SAP is known all over the world as the market leader in the field of  ERP – Enterprise Resource Planning CRM solutions and financial accounting. The brand has been consistently working towards achieving as well as delivering real standard software along with managing technology renewal cycles across more than 20 industries. Off late SAP has been putting in a lot of efforts and resources for building a module specifically meant for banking operations. The brand aims at becoming a global leader for banking industry too. 

Benefits in Banking by HANA and Cloud 

SAP HANA Enterprise Cloud service which has been especially designed for Banking solutions, is completely managed and secured in the cloud. One can easily differentiate between customer services, ways of reducing operational costs and complexity, and effectively addressing the risk and compliance issues. SAP HANA Enterprise Cloud aims at offering cloud elasticity and suppleness with subscription-based pricing. 

It is indeed interesting to note that:

81% of banks in the Forbes 2000 are innovating with SAP solutions

90% lower general ledger and financial closing costs when general ledger and financial systems are integrated to produce accurate data

22% lower audit costs when organizations use automated, rather than manual controls


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