The disruptive, rapidly changing banking and insurance sector faces many challenges, which have made digital transformation indispensable. Branch closures, a shift to online banking accelerated by the Covid-19 pandemic, and looming competition by new fintech companies have been constant companions in the banking sector for some time now.
The dynamic implementation of bank-specific regulatory requirements, such as US GAAP and CECL (current expected credit loss), IFRS 9, and other critical mandates, is another focus. All of this is boosting demand for an accounting system that is based on a single set of harmonized, trustworthy, granular financial data (Universal Journal) to enable continuous bookkeeping, real-time consolidation, and faster, more precise financial closure.
As an established SAP Gold Partner with decades of industry experience, we can help you shape your successful digital transformation in the financial services area.
Our core competencies in this area:
such as FS-CML, FS-ICM, FPSL, and more.
such as US GAAP, IFRS 9, and so on.
to analyze and document your target processes
Expert Financial Services
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