SAP in Banking

SAP seems to be making some ground in the banking industry vertical (not thier strong area). If i remember right they are setting up an Industry Business Unit for Banking.....also i saw a couple interesting releases on business acquired:

Belarusbank JSSB is one who is in the midst of a $20 million implementation of SAP business applications that it expects will modernize and improve its operations. On another front ABN AMRO has extended its relationship with SAP to include banking industry-specific software for the management of client account information across its global cash management operations.

"SAP's technology will give us the flexibility we need to manage future change," said Edward Glassman, Managing Director, Global Transaction Delivery, Transaction Banking, ABN AMRO. "Adaptability will be a key requirement for transaction banking in the future as banks position for changes to market infrastructure, such as the Single Euro Payments Area (SEPA) in Europe."

"ABN AMRO is further standardising its cash management operations with SAP and is leading the industry in moving to a single account management platform" said Thomas Balgheim, senior vice president, Financial Services, SAP AG.

Uladzimir Novik, deputy chairman of the board at the bank, said the mainframe-based SAP software is replacing several systems that had been deployed separately over the years by different company units.

The Minsk, Belarus-based bank has six regional branches, 24,000 employees and approximately $4 billion in assets. It offers 100 services and products.

The bank began implementing the SAP for Banking package, which includes ERP and CRM applications, in July, Novik said. The project, which will centralize all bank operations for the first time, is expected to be completed by the end of this year, he said.

Novik said when fully implemented, the software will support about 5,000 end users at the bank and process some 2 million transactions daily.