| Brazilian Bank Deactivates 15 Legacy Systems After Adopting SAP ERP |
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21/08/2009 15:58 (91 Day 10:26 minutes ago) | |||||
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The FINANCIAL -- One of the top retail banks in Brazil, Banese (Banco do Estado de Sergipe), has improved its efficiency and reduced operational risk by replacing disparate and high-cost IT systems with the flagship enterprise resource planning (ERP) application, SAP ERP.
The bank expects to achieve return on investment (ROI) for the SAP project in only three years.
“We had 15 systems, developed by different companies at different times,” said Rodrigo Corumba, administrative and IT director of Banese. “Some were created 20 years ago.”
"Before the second wave of the project started, the bank realized numerous benefits. In addition to improved governance and compliance, Banese also set out to streamline its corporate resources. As a result of these efforts, the predicted yearly operational benefits for the institution are about R$900,000 in productivity, R$700,000 in IT, and a reduction of at least R$2 million in expenses," SAP said.
“This represents an operating profit of R$3.6 million per year, which will guarantee the ROI in only three years,” stated Corumba. “The SAP implementation showed our partners, customers, shareholders, internal staff, and external auditors a positive image of our company’s growth and innovation. This is very important for a company like a bank, which needs credibility to survive.”
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