Why SAP?
AstroBank
• RISE with SAP S/4HANA® Cloud Private Edition, enabling standard capabilities that meet industry requirements and support best practices and integrated processes and automation • Existing user of SAP® SuccessFactors® solutions for use in human experience management • Ability to increase innovation and enhance security support • AMS, facilitating a solution that helps simplify processes as planned through expert consulting services
Banking | Cyprus RISE with SAP S/4HANA Cloud Private Edition
>3,000% Reduction in financial closing time
~30% Reduction in the cost to manage financial operations
Increasing transparency and efficiency across a network of 14 branches and business units
AstroBank Public Company Limited aims for excellence across all of its offerings, from everyday banking and international banking. To achieve this, the bank constantly upgrades its services, promotes new products, explores new opportunities, and cultivates a culture of cooperation and mutual respect with clients. Technology is vital to these activities, and AstroBank wanted to build a tightly integrated, next-generation ERP landscape in the cloud. This would help it not only improve accounting processes and safeguard compliance but also support innovation. “We needed to shift our financial operations in order to improve productivity and speed, and RISE with SAP S/4HANA Cloud Private Edition was the solution to work on.”
30% Increase in productivity, and expected to rise to 50%
7 months To implement, from start to finish
Challenges
• Low employee productivity & customer experience/ satisfaction • Innovation constraints • High operating & maintenance costs • Complex system landscape & integration. No Single source of truth
Manager Accounting Unit, AstroBank Public Company Limited - Angela Philippou
Outcomes
• Improved sustainability and innovation • Reduced Costs • Improved employee productivity and customer experience/ satisfaction • Manage governance, risk and compliance
• Improved decision-making • Improved finance operations
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