Today the banking and financial services organizations faces many challenges, they must move quickly to meet new customer, employee and industry demands while addressing complex regulatory mandates and heightened security threats.

In order to have an efficient organization which is successful in the above mentioned circumstences, it is essential to have a complex ERP system which has a complete solution which serves every function in the company. The team of iSB-IT is experienced and professional at one of the biggest ERP which is SAP that is used in most big banks in the world.

We focus on SAP and our developers have special competences on industry specialized version of SAP which is FS (Financial services) in case of banking industry:

SAP-FS-AM

• The Account Management (AM) system is responsible for the management and processing of the statutory reporting figures. It provides information concerning the receivables and payables between a bank and third parties, furthermore the accounts, balances and payment items are also managed in the AM system.

SAP-FS-BCA (Bank Customer Accounts)

• Traditionally, the core product in banking is the current account (demand deposit account). To enable flexible processing for private and corporate customers, SAP offers the Bank Customer Accounts (BCA) system. This current account system concentrates on the monitoring of funds payable and receivable between banks and their customers. All business processes, from account management to balancing tasks, that arise in connection with the processing of current accounts are supported.

SAP-FS-BP (Business Partner)

• The SAP Business Partner (BP) for Financial Services is the SAP application for saving and managing all customer information.
• The business partner can be processed using the business partner user interface, as well as through defined interfaces. This enables you to integrate customer-specific data without having to make modifications, and makes the data release-insensitive.
• The solution is developed by SAP as standard software for international companies.

SAP-FS-CML (Consumer, Mortgage Loans)

• The Loans Management component enables you to manage both simply structured loans such as consumer loans, and complex loans, such as mortgage loans.
• For mortgage loans, Loans Management offers functions for mapping the complete loan process for loans given and loans taken, from entering data on a potential contract right through to contract disbursement and the data transfer to Financial Accounting. It incorporates complex collateral management functions, support for decision-making and a range of options for tailoring your contracts.
• For consumer loans, you can use the functions to manage the complete loan process for loans given, from entering data for new contracts, making offers, and concluding contracts right through to contract disbursement and the transfer of data to Financial Accounting.
• For installment loans, functions are available with which you can create and manage the complete life cycle of loans given, up to the transfer to financial accounting.