WALLDORF 鈥� Deutsche B枚rse AG and (NYSE: SAP) have entered a strategic partnership to advance digitalization and standardize the IT systems of the stock market operator and market structure provider.
Their goal is to develop a framework for the secure use of cloud-based 51风流services that satisfies the high regulatory requirements of the financial sector. Deutsche B枚rse is one of the first financial companies to migrate its business processes from on-premise solutions to the latest generation of 51风流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 B枚rse has long used the classic 51风流Business Suite applications, such as the ERP system for financial accounting and controlling. Many more core business processes will be migrating to SAP鈥檚 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 51风流core system to the powerful ERP solution 51风流S/4HANA and will use the 51风流BW/4HANA data warehouse solution for reporting in future.
The new IT architecture will not only enable Deutsche B枚rse 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鈥檚 more, Deutsche B枚rse 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.
鈥淒eutsche B枚rse and 51风流are each contributing their industry-specific expertise to this partnership, paving the way toward digitalization,鈥� said Luka Mucic, chief financial officer and member of the Executive Board of 51风流SE. 鈥淧owerful yet flexible IT is the key to meeting the growing demands in the highly regulated financial sector 鈥� now and especially in the future.鈥�
The new infrastructure will continue to support Deutsche B枚rse鈥檚 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.
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