SAP and Deutsche Börse partner to set new standards for cloud computing in fin industry
The goal is to develop a framework for the secure use of cloud-based SAP services that satisfies the high regulatory requirements of the financial sector.
Deutsche Börse AG and SAP SE (NYSE:SAP) today announce they have entered a strategic partnership to advance digitalization and standardize the IT systems of the stock market operator and market structure provider. The goal is to develop a framework for the secure use of cloud-based SAP services that satisfies the high regulatory requirements of the financial sector.
Deutsche Börse is one of the first financial companies to migrate its business processes from on-premise solutions to the latest generation of SAP business software and, where possible, cloud solutions from SAP.
In addition to the regulatory requirements, the project also has to meet high technical standards. Deutsche Börse has long used the classic SAP Business Suite applications, such as the ERP system for financial accounting and controlling. Other core business processes will be migrating to SAP’s cloud offerings in future, including solutions for customer relationship management, human capital management, procurement, temp work and business travel management.
At the same time, the company is switching over from the legacy SAP core system to the powerful ERP solution SAP S/4HANA and will use the SAP BW/4HANA data warehouse solution for reporting in future.
The new IT architecture will not only enable Deutsche Börse to react more flexibly to changes on financial markets and develop innovations in the cloud more quickly; the real-time solution and single set of data will make all processes much simpler and more efficient.
The new infrastructure will continue to support Deutsche Börse’s strategic focus on new technologies in future. The cloud solution will enable the company to resolutely pursue the use of Big Data analytics, blockchain and machine learning functions, among others.
