SAP emerges as Global Power Seller in Banking Sector

In an evaluation report which is named, "Global Banking Platform Deals in 2012", by Forrester Research. SAP AG has been positioned as a Global Power Seller in Banking platform as well as it has been ranked as a top vendor for a few named deals. In the report, Forrester has recognized 39 new named deals closed by SAP in seven regions.

Falk Rieker, Global Head, Industry Business Unit Banking, SAP, said, "Over the past year, SAP has significantly expanded its global footprint by enabling banking customers to innovate and streamline their core banking processes. Intuitive solutions from SAP are supported by industry-specific knowledge and best practices in banking. The results of the Forrester report reflect the substantial investment we have made in this industry to help financial institutions around the world become more customer-centric across all channels, reduce cost and complexity and more easily manage regulatory and risk compliance."

According to the report by Forrester, SAP emerged as the Top vendor with deal growth in the 250-per cent range among top 10 vendors. From sources, it has been revealed that the Financial Services sector at SAP is growing rapidly, with a customer base of more than 5,700 financial customers, making it a valuable asset for collaboration and co-innovation. A major contribution for this growth comes from SAP’s approach of understanding the specifics of the industry and addressing the needs of different industry segments.