Renaissance bank (SAP ERP)

In 2015 in Vozrozhdeniye bank the project on standardization of key business processes based on the integration solution of SAP according to the results of which the bank managed to reduce labor costs was implemented and to reduce costs on administrative activity.

Prerequisites

When in 2015 the Vozrozhdeniye bank was a part of the PromSvyazKapital group, there was a need to make business process reengineering, to synchronize them with the general processes of participants of group and to integrate IT platforms into a uniform IT landscape.

Due to the lack of a single system of accounting and the reporting data were not always relevant, and preparation of reports — not operational. Non-standard business processes, low quality of data and accounting of business activities using different approaches forced to execute manually a set of operations on reconciliation and consolidation of information. It was required to optimize works of divisions, having reduced labor input of data integration and having lowered number of the errors arising at information transfer on the level of banking group. Besides, the task to unify standards of security was set, having handled issues of personal data protection and requirements of regulators.

Project Tasks

• Synchronization of business processes of bank with processes of group
• Creation of an IT landscape, uniform for all group

Solutions

Products became a technology basis of the project:

• SAP BusinessObjects Planning and Consolidation (BPC)
• SAP ERP
• SAP ERP Human Capital Management

Implementation Progress

The project was executed in extremely short time. In four months of hard work it was possible, without deviating from the diagram, to execute migration on the new software. Given software, according to the developed architectural model, was based on own cloud service of the virtual IT infrastructure conforming to requirements of information security support to a personal data storage and confidential information.

Taking into account the increased loading, runtime allocation of system resources using the intellectual services considering a unique context of each of participants of banking group is implemented.

Implementing solutions not only did not break work of bank, but also promoted quality improvement of maintaining data and processes already at a project implementation stage. At the same time all processes were started at the same time. Future users of functionality of SAP understood required changes, up to standard carrying out all tasks facing them.

Project Results

The majority of key business processes of bank accelerated and became simpler, costs decreased, and work of divisions was optimized. All normative reference information is kept in a single system on the basis of the general standards developed for banking group now. All functions of conducting business activities are centralized based on the Center of maintenance of client transactions of the Central and Northwest regions.

Thanks to data processing terms of reporting and obtaining operational information in real time were considerably reduced. Accurate cost control on conducting administrative activity is adjusted, and the overview of financial transactions became transparent and reliable.

Due to standardization and unification of processes, immediate control, the operational analysis of all agreements and requests for payments costs on administrative activity were reduced. The personal liability of employees, motivation and the involvement of the servicing divisions raised. Thanks to reduction of terms and better preparation of primary documentation interaction with external partners improved. The solution allowing to use uniform cloud services at once for several participants of banking group is also developed.

In general quality improvement of IT services, optimization of operating activities, formation of the transparent and authentic reporting promoted increase in capitalization and positively affected investment attractiveness of bank.