Shortfacts - May 2016
No monthly SAP news should be disregarded. The Short Facts are dedicated to smaller news items as well as seemingly more or less important statements from the community. This is the place for SAP-specific press releases that otherwise tend to be overlooked.
May 2, 2016
This text has been automatically translated from German to English.
Commerzbank relies on Hana
Commerzbank is now using integrated finance and risk solutions based on the Hana platform to digitalize its processes. Together with SAP, it is working on digitizing its consolidation and closing processes for financial transactions in all business areas on a uniform platform.
With the SAP Bank Analyzer applications, including the SAP Accounting for Financial Instruments application, Commerzbank is now able to close its books faster each month.
The bank has also created a central financial platform that digitizes data from all areas of the company, including private client business, corporate client business and investment banking. This database is also used for risk and controlling processes.
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