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.
82 results
-
Trintech Acquires Fiserv’s Reconciliation Solutions and 400 Blue-Chip Clients
Trintech recently acquired Frontier Reconciliation and Accurate Reconciliation from Fiserv, a prominent fintech and payments solutions provider. Trintech’s current clientele spans multiple verticals, including financial services, telecommunications, retail, insurance, and utilities, making this strategic move even more impactful for the office of the CFO. This strategic move aligns perfectly with the current trend among SAPinsiders…
-
Vertex Indirect Tax Determination Solution Earns SAP Endorsement
In a press release, the tax experts at Vertex recently announced the Vertex Indirect Tax Determination solution has been named an SAP Endorsed App for the North America region. This solution provides a single tax engine that automates and centralizes sales and use taxes, as well as VAT. In this article, we will highlight some…
-
xSuite Adds New Invoice Workflow on SAP BTP
xSuite recently announced a new workflow solution for its core business, digital invoice processing, on the SAP Business Technology Platform. The solution offers standardized accounts payable processes on SAP BTP, transforming it into the foundation of SAP-based business processes. Organizations that centralize and automate payment processing requirements are able to cut down on manual processes.…
-
Premium
Solution Brief: Arco Tax Determination for SAP BTP Helps Streamline VAT Compliance
According to SAPinsider’s 2023 Global Tax Management benchmark report, 80% of these teams recognize the critical need for automated reconciliation of various indirect tax reports to strengthen their global tax management strategy. Additionally, 75% of organizations say they must enhance the accuracy of their real-time indirect tax determinations. For businesses operating in Europe, automating these…
-
Serrala Unveils Automated Embedded B2B Payments Solution
Financial automation leader Serrala recently announced a new partnership with Monex USA that aims to simply B2B payments for their customers. The companies announced that they will jointly provide the first fully automated SAP embedded B2B payments solution. In this article, we will examine some of the benefits that organizations can expect from the partnership.…
-
Managing and Maximizing Migrations with Avvale
More and more organizations are planning their SAP S/4HANA migration strategy as SAP further emphasizes its commitment to the cloud. Though companies recognize the benefits that can come from migrating to SAP S/4HANA, yet the actual process of getting there is daunting enough to make them put off the process for as long as possible.…
-
Seven Key Benefits of Automating VAT Determination
Automation is a key tool for tax teams to keep pace with their workloads while staying on top of shifting regulations. These challenges are magnified for companies that do business across multiple geographies with differing laws. To take a look at the benefits of VAT determination automation, we reviewed a white paper from the tax…
-
How Kyriba Helps CFOs Avoid Risk
The office of the CFO has seen an unparalleled expansion in its roles and responsibilities in recent years. Beyond just financial concerns, CFOs must also navigate ESG and GRC issues, mitigate fraud and other risks, and prepare for financial and supply chain disruptions. In this article, we will examine a list, provided by Kyriba, of…
-
Providing SaaS Solutions for Analytics and FP&A
In today’s business climate, finance leaders are being asked to accomplish more and more, often with the same budgets as in years past. They are frequently tasked to participate more in strategic discussions, which requires crucial information that they often lack. Organizations are constantly on the lookout for ways to improve insights. The SAPinsider finance…
-
Unlocking Global Visibility: Overcoming Cash and Treasury Challenges and Embracing Solutions
Cash management is one of the most critical challenges a business can face, especially as finance and treasury teams face increased borrowing costs and liquidity risks. Cash management allows companies to ensure smooth operations, meet financial obligations, and sustain growth. SAPinsider research on cash management and visibility reveals that a staggering 95% of respondent organizations…
Upcoming Events
Related Vendors
Your request has been successfully sent