KPMG advice on SAP for banks and insurance companies KPMG advice on SAP for banks and insurance companies KPMG advice on SAP for banks and insurance companies

In recent years, the demands on banks and insurance companies have grown enormously to execute existing processes as automatically as possible and at high speed. At the same time, the requirements for flexible reporting are increasing, and it must be possible to implement this efficiently in the shortest possible time. In the often fragmented system landscapes, this leads to high complexity, redundancy and thus increased change costs.

We will be happy to advise you on how to use the new SAP Business Suite S/4HANA to meet the requirements for automation and data quality.

We are a full-service transformation provider. In doing so, we focus on the entire value creation of an SAP transformation and bring the necessary professional and technical experience from strategy to implementation.

Our in-depth know-how, tailored to the needs of banks and insurance companies, is oriented towards the new S/4HANA-based Business Suite and includes the following technical solutions:

• SAP S/4 Finance (or its predecessor solutions such as New GL)
• SAP (smart) AFI or its successor SAP FPSL
• SAP FSDP/FSDM
• Reporting and analytics solutions such as SAP PaPM, SAP Analytics Cloud, SAP Group Reporting and SAP BW and BW/4HANA

With the special mix of expertise of our team specialised in banking and insurance, we support you in implementing or enhancing your SAP architecture:

• Experts with many years of experience building SAP financial & risk architectures in banks and insurance
• In-depth understanding of banking and a broad range of experience in the insurance industry
• Experts on the business and implementation side for specific SAP modules and processes such as SAP FPSL
• Expertise in SAP test organisation, test automation and test management
• This competence is rounded out by our methodological know-how for the successful transformation of large-scale IT projects
• Our team has extensive expertise in data flows and implementation dependencies of SAP FPSL, SAP S/4 Finance, SAP Complex Loans, the SAP Analytics Cloud and FSDP
• Our advisors have plenty of experience under their belt, are SAP certified and undergo ongoing training
• Own SAP practice lab on SAP S/4HANA architecture for banks and insurance companies.

We would be happy to support you in aligning your SAP architecture efficiently, sustainably and with a focus on added value. We provide you with individual support tailored to your specific project. Please get in touch with us.

To get an overview of the location of individual functions within the S/4HANA target architecture, we offer you in-person or virtual demonstrations developed in KPMG’s own SAP Practice Lab. We use realistic case studies, which we can also prepare to meet your individual needs, for example, for the SAP modules FPSL, PaPM and FSDM.

In addition, we have established assessment processes and bring our experience to bear in creating your S/4HANA transformation roadmap. The following aspects are included here:

• Evaluation of the maturity of each module, based on current project insights and development requests submitted
• Implementation dependencies between individual SAP modules
• Migration scenarios

In further mature planning processes, we offer complete SAP S/4HANA readiness checks across your organisation to provide you with planning certainty as to which steps and considerations need to be made as part of a preliminary study to best prepare your institution for the S/4HANA conversion.

We offer the following services as part of a S/4HANA preliminary study:

• Definition of requirements for all affected areas and development of objectives
• Target architecture development: Localisation of all necessary functionalities in a target architecture oriented towards the SAP S/4 Suite
• Transparent and objective preparation of management decision options using an established tool
• Business case, including cost case analyses to uncover potential savings by identifying synergies in the context of transformation, process and architecture harmonisation and using cloud technology
• Creation of a transformation roadmap

The following examples of our service offering show the spectrum of our end-to-end transformation consulting:

• Programme and project management methodology: We bring our best-practice approaches to building state-of-the-art programme and project management structures that are right for your institution
• Design and benchmarking of different classical, agile and hybrid-agile approaches
• Development of a test strategy and test methodology with automated elements and support for the tests for technical implementation
• Implementation of the configuration and quality assurance
• Support and coaching during the user acceptance test phase
• Change management
• Early cut-over and go-live planning, taking into account our best practice approaches
• Ensuring the documentation and testability of the transformation procedure to the new target architecture
• Post-go-live support

Contact us for a no-obligation discussion, a workshop or a live demo in our SAP Practice Lab. Our experts will be happy to assist you.