Bank Analyzer SAP
Overview
Founded in 1972, the colossus that is SAP now claims customers in more than 180 countries and employs 88,500+ people. Based in Walldorf, Germany, SAP (which stands for ‘Systems, Applications and Products in Data Processing’) has a range of vertical industry solutions. Relevant from a financial services risk perspective is Bank Analyzer, an analytical application for the management of financial instruments, which has the objective of delivering a complete integrated finance and risk architecture. It is sometimes sold as part of SAP’s wider banking suite or on a standalone basis. Clearly, the company as a whole remains largely centred on the ERP market, rather than banking systems. In fact, SAP claims a leadership position in 19 out of 24 vertical sectors. Banking isn’t one of them, with less ERP penetration here than elsewhere. Thus, it is now defined internally as ‘emerging’. However, SAP has diversified a lot in the last few years, particularly through acquisitions of Business Objects and Sybase, both of which extended its presence in financial services and gave it a more international make-up. As well as two core banking systems (a lower tier, fairly Germanic one and a higher-end retail one, developed with Deutsche
Postbank), SAP has a relatively well-established lending system, Loans Management, some other potentially complementary components, such as for CRM, price optimisation, collateral management and payments, with the latter again developed with Postbank. It also claims a considerable number of banking customers for its analytical solutions and it has some large-scale general ledger (GL) projects, such as at Morgan Stanley and Bank of America Merrill Lynch during 2012. SAP’s broader footprint in banking is mirrored by the company’s overall diversification. There have been some turbulent times
and there has been a major change of personnel and culture (including a less German-centric make-up, reflected in a shift towards Silicon Valley away from Walldorf plus the arrival of non-German co-CEOs, Jim Hagermann Snabe and Bill McDermott - Danish and American, respectively). The workforce had been added to by around 15,000, so more than a quarter, through the acquisitions.
Summary history 1972
1973
1984 1988
SAP is established by five former IBM employees. SAP completes its first financial accounting system RF.
1977 Headquarters are moved from Weinheim to nearby Walldorf. SAP’s first non-German customers are also gained, in Austria.
SAP (International) AG is founded in Biel, Switzerland as the starting point for SAP’s efforts in markets abroad. Numerous international subsidiaries follow over the next few years.
1987 Work begins on the development of R/3. 1992
2001 2004
2007 Development of Bank Analyzer begins. Launch of SAP’s Netweaver integration platform.
2005 SAP makes a series of acquisitions including that of retail provider, Khimetrics. 2005 also sees the launch of the Industry Value Network (IVN), a group of suppliers, banks and consultants to define generic bank processes and web services. ‘Outbound OEM’ partnership strategy begins.
2008 The acquisition of business intelligence specialist, Business Objects, is successfully completed. 2008 also witnesses the launch of the Banking Industry Architecture Network (BIAN), an independent version of IVN.
2010 SAP acquires Sybase for $5.8 billion, with nearly half of this sum in the form of a loan from Deutsche Bank and Barclays Capital. It significantly increases SAP’s footprint in the financial services sector. Launches In-Memory high-performance platform, HANA.
2011 2012
2014 2015
SAP makes a new bid for the bank-to-corporate connectivity space with the Financial Services Network (FSN).
2013 FSN seems to have moved more slowly than planned but Volante is now a partner for data translation; there are a number of important large cut-overs for SAP’s core banking and payment systems.
SAP changes its legal form from an “AG” company to a European Company (Societas Europaea, SE), underscoring the company’s international nature. Bill McDermott becomes sole CEO of SAP.
SAP launches new business suite, SAP S/4HANA built on the SAP HANA, and the SAP HANA Cloud Platform for IoT Risk Management Systems & Suppliers Report |
www.ibsintelligence.com 115
SAP transforms from a private, limited-liability company into the publicly traded SAP AG. SAP R/3 is launched.
1999 The mySAP strategy is announced whereby SAP planned to combine e-commerce solutions with its existing ERP applications.
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