Financial Services
Financial Services is a crucial industry for SAP. Financial services companies face many growing challenges, including ever-changing regulations, evolving consumer expectations, economic instability, and increased competition brought on from digital-only organizations. These drivers make it imperative to transform and become more efficient, better engaged, and resilient.
SAP and Partner Solutions for Financial Services (H2)
There are many solutions in the SAP ecosystem that are relevant to the Financial Services sector:
Financial Services is a crucial industry for SAP. Financial services companies face many growing challenges, including ever-changing regulations, evolving consumer expectations, economic instability, and increased competition brought on from digital-only organizations. These drivers make it imperative to transform and become more efficient, better engaged, and resilient.
SAP and Partner Solutions for Financial Services (H2)
There are many solutions in the SAP ecosystem that are relevant to the Financial Services sector:
- Digital Customer Engagement is about modernizing the way companies reach consumers, which can include omnichannel commerce, customer experience management, digital banking, customer analytics, and marketing offerings.
- Finance and Risk solutions help companies stay compliant and avoid risk by touching on Governance, Risk, and Compliance (GRC) functionality, financial planning and analysis, data services, reporting, and accounting for financial instruments.
- Banking Operations tools aim to help those in the banking industry with key functions including card management, retail services, payments, cash and liquidity management, and commercial lending.
- Total Spend Management is about helping companies get a centralized view of spend by combining multiple cloud offerings around procurement, vendor management, sourcing and contracting, invoicing and payables, travel reimbursement, and analytics.
- HCM and HXM solutions help organizations with recruiting, onboarding, talent management, and more.
- Core ERP systems act as a system of record for key transactional information.
The financial services sector is turning to technology to assist with becoming more digital and more relevant to consumers. At the same time, they are looking to build processes and systems that can provide centralized views of data around customers, compliance, risk, finance, and employees.
Key Considerations for SAPinsiders
Financial services companies are utilizing SAP and partner solutions as part of their transformation programs within a variety of focus areas, including security, automation, and digitization.
- How Zurich North America used BlackLine to move to SAP S/4HANA. Read this case study to hear about Zurich North America’s SAP S/4HANA migration, including how it utilized Blackline Solutions for Automation & Control during the project.
- Swiss Federal Administration planned its SAP S/4HANA move with security design in mind. Read this case study to learn how the Swiss Federal Administration managed SAP Security within its SAP S/4HANA migration.
- Deutsche Börse Group’s approach to digitization, process redesign, and defining sustainable user journeys. Read this Q&A to learn about Deutsch Börse Group is transforming its SAP landscape while also transforming its business overall.
140 results
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Taking AP Automation from Good to Great with xSuite
Faced with financial uncertainty, SAP organizations should seek automation solutions like xSuite for Accounts Payable to enhance operational efficiency, reduce costs, and ensure reliable integration with SAP systems, all while positioning themselves for future technological advancements.
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Owning the Risk: Finance’s Strategic Role in Managing Uncertainty
Modern businesses face regulatory challenges that present CFOs with strategic opportunities, emphasizing the need for finance teams to move away from outdated manual processes to embrace automation, enhance risk management, and leverage technology for efficiency and compliance.
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Unleashing SAP Data to Enhance Strategic Financial Planning Using an Open Ecosystem Strategy
PwC is establishing itself as a leader in the SAP Central Finance space by providing tailored methodologies and industry-specific knowledge that have enabled clients, such as a multinational consumer goods company, to streamline financial operations and modernize their systems with significant efficiency gains.
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The Role of SAP Analytics in a Data-Driven Future
It is a pivotal time for Finance leaders. They face unprecedented challenges – tariffs, economic uncertainty, among others. Professionals working throughout the finance lifecycle need agile solutions that give them the ability to keep the business ahead of influences that can impact business performance. SAPinsider sat down for an exclusive interview with Henner Schliebs, Executive…
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The Automation Blueprint to Simplify ERP Customizations
The challenges of traditional ERP customization in SAP, lead to increased maintenance burdens and technical debt, and introduces the UiPath SAP Solution Extension (SolEx) as a superior automation-first strategy that enables organizations to enhance their ERP capabilities without compromising their system’s core integrity, thereby facilitating modernization and agility.
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Comprehensive Performance and Security Testing for a Leading Global Cryptocurrency Exchange Platform
ImpactQA conducted rigorous performance testing to ensure the platform handled high-frequency trading. This included stress testing, load testing, and benchmarking, which enabled Coinbase to process thousands of transactions per second without degradation in performance.
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Enhancing FP&A by Integrating SAP Data with Databricks and Snowflake
To enhance financial insights for FP&A teams, effective integration of complex SAP systems like S/4HANA with agile cloud analytics platforms such as Databricks and Snowflake is crucial, requiring specialized connectivity tools like those from CData that enable near real-time data access, harmonization across diverse systems, and stringent security measures.
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Transforming SAP Accounts Payable with UiPath’s Agentic Automation
UiPath’s new Agentic Automation platform revolutionizes SAP Accounts Payable processes by automating complex exception management and enhancing operational efficiency, allowing finance teams to focus on strategic analysis rather than routine tasks.
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EY and SAP Launch Integrated Finance Managed Service Built on S/4HANA Cloud
EY and SAP have launched an Integrated Finance Managed Service solution powered by SAP S/4HANA Cloud to streamline enterprise functions and enable organizations to focus on strategic growth while leveraging AI and expert insights.
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Navigating the Future of Finance: Why RISE with SAP Is a Strategic Imperative for Financial Services
The FSI sector is rapidly transforming due to market disruptors and regulatory demands, compelling institutions to adopt modern cloud solutions like RISE with SAP, which enhances agility, compliance, and innovation while providing essential support through trusted partners like T-Systems.
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