Why SAP?
Erste Group
• Ability to unify group processes and data on a single platform with SAP S/4HANA • Intelligent technologies, such as machine learning and robotic process automation, for more effective and efficient processes and reporting on live data • SAP S/4HANA solution for financial products subledger – a complete posting engine for complex loans • Simple, self-service reporting capabilities using SAP Fiori® apps • Data integration, transformation, and consolidation using the SAP Business Warehouse application • Budgeting and forecasting with the SAP Business Planning and Consolidation (SAP BPC)
Banking | Austria SAP S/4HANA, SAP S/4HANA for financial products subledger, SAP Fiori, SAP Business Warehouse, SAP BPC and SAP Business Technology Platform
Transforming Treasury and Risk Management to Accelerate Decision- Making and Support Compliance
30% Less effort expected for maintenance and operations
30% More-efficient finance and procurement reporting
50% Reduction in audit preparation efforts expected
Founded in 1819 as the first Austrian savings bank, Erste Group has grown through numerous acquisitions – expanding its retail business into Central and Eastern Europe. Now it is one of the largest financial services providers in the region, with more than 2,300 branches. To harmonize processes and data across group operations, Erste Group embarked on a digital transformation program. Starting in Austria and Romania, with plans to complete a global rollout within the next two years, Erste Group is standardizing operations for financials, procurement, and reporting with a unified, intelligent ERP platform
Challenges
• Complex system landscape & integration. No Single source of truth
“SAP S/4HANA is helping us harmonize core financials on a single platform. Not only will this standardize our operations, but it will give us a better overview of performance across the group.”
Outcomes
• Optimized operations, inventory and supply chain management • Improved finance operations • Reduced Costs • Improved employee productivity and customer experience/ satisfaction
Head of SAP Applications, Erste Group -Herbert Fuchs
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