1. Bank für Sozialwirtschaft: Preparing for the Future of Payments with SAP® Payment Engine
Company
Bank für Sozialwirtschaft AG
Headquarters
Cologne, Germany
Industry
Banking
Products and Services
Financial services for social
service and healthcare
Organizations
Employees
384
Assets
€8.6 billion
Web Site
Partners
SAP® Consulting, SAP Active
Global Support, and SAP
Custom Development organizations
Objectives
Comply with Single Euro Payments Area (SEPA) requirements
Increase performance for a high volume of payment transactions
Improve usability and software test plans (STP)
Why SAP
One application to unify, streamline, and manage all payment processing end to end, including TARGET2, SEPA, and international transfers
A single reliable partner for a fast implementation with minimal business impact
Resolution
Worked with SAP Consulting, SAP Active Global Support, and SAP Custom Development to deploy the SAP Payment Engine application
Completed the implementation without business disruption in just 10 months
Future plans
Increase offerings for the customer through flexible payment products and services
100%
SEPA compliance​ 4x
Faster payment processing, increasing productivity​
Lower
Costs with a single processing hub for all payments​
Better
Usability and STP​
“SAP Payment Engine is an ideal complement to our system landscape. It is able to handle new SEPA XML formats that require significantly increased performance. Through continuous improvement and enhancement of this software, we can make our payment processing future-proof."​
Bernd Bauer, IT Director, Bank für Sozialwirtschaft AG
39880 (15/07) This content is approved by the customer and may not be altered under any circumstances.