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:

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.

- SAP Regulatory Compliance
Achieving Compliance With Beneficial Ownership Information Requirements

Reading time: 2 mins

Per the 2021 Corporate Transparency Act, corporations LLCs, and other business entities will be required to report beneficial ownership information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) starting at the beginning of 2024. All organizations founded before the end of 2023, barring some exceptions, must submit their initial report by…
- SAP Financial Planning
Breakaway Technologies Highlights Five Keys to a Successful XP&A Process

Reading time: 2 mins

Planning is essential for the long-term success of any business. This is why many organizations are migrating from financial planning and analysis (FP&A) to extending planning and analysis (XP&A). FP&A ranks among the most common pain points and planned future investments. Legacy FP&A processes can hamper the process of making decisions and cause teams to…
- SAP Payment Processing
SAP and VISA Announce B2B Payment Collaboration for Asia-Pacific Region

Reading time: 2 mins

Recently, SAP made a major announcement regarding a new partnership with global payments leader Visa. The two organizations worked together to embed payments into the SAP ecosystem through SAP Business Technology Platform (SAP BTP) for customers in the Asia Pacific region. This marks the collaboration between Visa and SAP in exploring embedded finance in the…
- SAP AR AP
IPS and CSI Edenred Announce New Name and Brand Image: Edenred Pay

Reading time: 2 mins

Following its October 2022 acquisition by Edenred, IPS and CSI Edenred are now fully merged. The company will now be known as Edenred Pay going forward. In a press release, the company revealed its new name and brand image on its new corporate website. “We are excited to announce our new name and brand image,”…
- SAP Global Tax Management
Embracing SAP BTP and Avalara Solutions During S4 Migration to Meet Tax Compliance Mandates

Reading time: 7 mins

As the global business landscape evolves, organizations are increasingly transitioning from SAP ECC to SAP S/4HANA to stay competitive and adapt to the latest technology. The way this migration is done affects the incremental value of S/4HANA over ECC. S/4HANA is more than a feature upgrade. It is a rethink of how you adapt your…
- SAP Profitability Analysis
- Premium
The Evolution of Profitability Analysis: From CO-PA to Margin Analysis

Reading time: 4 mins

Profitability analysis is a subcomponent of controlling with SAP S/4HANA. Profitability analysis in SAP S/4HANA is used to display the internal view of accounting that supports managers in their decision-making. The data in profitability analysis is enriched with numerous characteristics derived from the value flow of predecessor documents and therefore can be displayed and analyzed…
- SAP AR AP
From Manual to Automated: The Benefits of Invoice Automation for Accounts Payable

June 15, 2023

Join us for an exciting webinar on the future of accounts payable invoice automation, presented in partnership with SAPinsider. AP teams face increased pressure to do more with less in today’s fast-paced business world. Manual invoice processing can be time-consuming and error-prone, leading to delayed payments and strained vendor relationships. Recent SAPinsider benchmark research reveals that 76% of…
- SAP Financial Planning
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12 Key FP&A Reports for Improved Business Visibility and Impact

Reading time: 9 mins

Financial planning and analysis (FP&A) is a vital component of any organization’s overall economic well-being and success. FP&A is, at its core, a cycle of collecting data, analyzing that information, and making decisions based off of that analysis. Because of this, FP&A teams must be able to provide specific and actionable business insights to empower…
- SAP Cash Management
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Leveraging SAP S/4HANA Cash Management

Reading time: 5 mins

Recent economic uncertainty and struggles with several major banks has made many organizations rethink their cash management strategies. The standard process for managing cash positions can be inefficient and inaccurate. In this article, SAPinsider expert Luke Carlson starts a four-part series will provide an overview of the SAP S/4HANA Cash Management solution and typical business…
- SAP S/4HANA
- Premium
Value Chain Analysis and SAP’s Intelligent Enterprises: Your Competitive Advantage

Reading time: 6 mins

Organizations are constantly on the lookout for the best ways to gain and maintain a competitive advantage over other businesses in their sector. To help organizations understand their competitive advantage, Harvard Business School professor Michael Porter developed a powerful framework called value chain analysis to help organizations to identify and focus on activities that result…