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Commerzbank Successfully Implementes the SAP for Banking Solution Portfolio

Published: June 26, 2008

Commerzbank has restructured its entire loans transaction business unit based on an SAP solution portfolio with enterprise-wide standardized and integrated processes.

SAP AG recently announced that Commerzbank, Germany's second largest bank, has successfully implemented the SAP for Banking solution portfolio in just nine months to centralize and optimize its business processes. Commerzbank has restructured its entire loans transaction business unit, setting up a "loans factory," which will process 1.2 million loans yearly, based on an SAP solution portfolio with enterprise-wide standardized and integrated processes. The high degree of workflow automation and shorter processing times with the integrated SAP solutions enable the bank to realize significantly improved efficiency. Commerzbank joins a long list of global banking industry leaders relying on SAP solutions to manage their operations.
   
As a large bank with worldwide operations, Commerzbank turned to SAP software to provide a standard solution for core banking processes. A team comprised of experts from Commerzbank, Eurohypo, Eurohypo Systems and several SAP implementation partners rolled out the new systems in only nine months, replacing Commerzbank's former banking platform with SAP for Banking.

"Banks around the world are moving to a licensed software for core banking model for reasons of productivity, efficiency and agility," said Bart Narter, Senior Analyst, Celent. "About half of the top ten North American banks use a licensed software product for core systems, while in other regions internally developed systems predominate. We believe that banks will move to licensed systems globally in order to reduce development costs and deployment timelines."