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SAP and Deutsche Börse Set New Standards for Cloud Computing in the Financial Sector - Deutsche Börse AG and SAP SE have entered a strategic partnership to advance digitalization and standardize the IT systems of the stock market operator and market structure provider - Deutsche-Boerse.com / SAP.com
SAP and Deutsche Börse Set New Standards for Cloud Computing in the Financial Sector

 

NewswireToday - /newswire/ - Walldorf, Rhein-Neckar-Kreis, Germany, 2020/05/13 - Deutsche Börse AG and SAP SE have entered a strategic partnership to advance digitalization and standardize the IT systems of the stock market operator and market structure provider - Deutsche-Boerse.com / SAP.com. NYSE: SAP

   
 
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Their 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 (deutsche-boerse.com) has long used the classic SAP Business Suite applications, such as the ERP system for financial accounting and controlling. Many more 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. What’s more, Deutsche Börse is establishing itself as a pioneer for other companies in the financial sector. The new framework is being developed in close consultation with the supervisory authorities and can serve as a template for other financial institutions in their digital transformation to the cloud.

“Deutsche Börse and SAP are each contributing their industry-specific expertise to this partnership, paving the way toward digitalization,” said Luka Mucic, chief financial officer and member of the Executive Board of SAP SE. “Powerful yet flexible IT is the key to meeting the growing demands in the highly regulated financial sector now and especially in the future.”

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.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. Such statements reflect our current views and assumptions and all forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those statements. The factors that could affect SAP’s future financial results are discussed more fully in our filings with the U.S. Securities and Exchange Commission (SEC), including the most recent Annual Report on Form 20-F filed with the SEC. The future-oriented statements reflect the point of view at the time they were made. Readers are cautioned not to place undue reliance on these forward-looking statements.

© 2020 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries.

 
 
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SAP and Deutsche Börse Set New Standards for Cloud Computing in the Financial Sector

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