Latest News

Commerzbank Runs SAP® Bank Analyzer for Financial Reporting

Germany July 14, 2011 SAP AG Germany


SAP Bank Analyzer calculates the detailed values required by different accounting standards in parallel by using mostly automated processes, a separate subledger and a standard set of data. This enables banks to produce the various financial statements in a timely manner and provide them to the different lines of business, thus helping ensure that the figures are as accurate and consistent as possible and speeding up the process as a whole.


"Wherever it makes sense to do so, we use standard software to manage our bank," said Frank Annuscheit, chief operating officer, Commerzbank. "In SAP, we have a partner for this project whose software gives us the functions and flexibility we need."

"With SAP Bank Analyzer, all the data needed for the entire financial reporting process is available at anytime in one system, in the right quality, and at the right speed," said Jim Hagemann Snabe, co-CEO, SAP AG. "This is vital in the highly regulated banking sector."

SAP® ERP SAP® for Banking

Industries and Solutions newsroom

About Commerzbank

Germany Eastern Europe Germany EUR 12.7 billion

About SAP

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. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright © 2011 SAP AG. All rights reserved.



For customers interested in learning more about SAP products:

For more information, press only:
[email protected]
[email protected]
Simone Fuchs [email protected]


Leave a comment

seks shop - izolasyon
basic theory test book basic theory test