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| Bank of America selects SAP | |
| 5th May 2008 Bank of America Corporation one of the world's largest financial institutions has selected SAP ERP to further integrate and enhance the bank's internal reporting systems. The enterprise resource planning (ERP) application, based on a scalable platform, will provide Bank of America with a comprehensive global operating system to improve efficiency and support continued growth. SAP says that the ERP Financials solution will enable a unified, global financial management process, a flexible operating model to quickly respond to changing regulatory mandates and shifts in the marketplace as well as incremental enhancement packages without comprehensive system upgrades. “As our company has grown, so has the size and complexity of our technology infrastructure,” said Milton Jones, Bank of America Finance Services executive. “SAP will help streamline and simplify our financial systems, support timely analytics and provide better process insights to drive more effective business decisions.” “As Bank of America's technology needs evolve, our suite of financial systems has the flexibility needed to manage future change and provide constant value,” said Bill McDermott president and CEO, SAP Americas and Asia Pacific Japan. “SAP's scalable platform will also ensure a non-disruptive path to further integrate the bank's systems. Working together with Bank of America provides continued validation that banks are relying on SAP, and represents another significant milestone for SAP in the U.S. market.” |
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