Regulatory reporting cadence
New reporting regimes (IFRS 17, Basel IV, ESG) arriving faster than legacy platforms can be configured, driving spreadsheet sprawl and audit risk.
Banking, financial services, insurance
Core finance, regulatory reporting, and risk controls at scale
SAP for banks, insurers and financial-services firms — core finance modernisation, regulatory reporting that keeps pace with the rules, and risk controls that can be evidenced on demand.
What we see in this sector
Sector-specificpressures
Risk controls at scale
Segregation of duties and risk controls across thousands of users, often reviewed quarterly instead of continuously — so breaches linger undetected.
Core finance modernisation
Finance stacks built decades ago, with sub-ledgers in product systems and consolidation at group level that reconciles by brute force rather than by design.
Audit evidence on demand
External and internal audit requests that trigger multi-week extraction cycles rather than being answered from the running system.
Why “central finance” is often the right first step
Full ERP replacement in BFSI is a multi-year programme most organisations can’t afford to run top-down. Central Finance is the pragmatic middle path — stand up S/4HANA Finance as a reporting and consolidation layer first, feed it from existing sub-ledgers, then migrate sub-ledgers one at a time as business cases allow.
That architecture typically pays back inside 12–18 months on consolidation effort alone, and buys the time to replace underlying systems on a sane cadence.
Frequently asked
Common questions frombfsi leaders
Do you implement SAP Central Finance for BFSI?
Yes — Central Finance is often the pragmatic first move for banks and insurers. We handle SLT replication from source ERPs, AIF error handling, Group Reporting on top and the data-governance model that keeps the consolidated view trustable.
What SAP modules support IFRS 17 and Basel reporting?
SAP Financial Products Subledger (FPSL) for insurance contracts under IFRS 17, Bank Analyzer and Smart Accounting for Basel and liquidity reporting, and SAP Analytics Cloud for the final presentation layer. We often combine them with SAP Group Reporting for consolidation.
How do you handle SoD and audit evidence?
SAP Access Control (GRC) for continuous Segregation of Duties monitoring and emergency-access management, plus SAP Process Control for internal-control testing and SOX evidence. Risk-based remediation rather than exception-chasing.
Can you deliver core banking integration with SAP finance?
Yes. SAP Integration Suite (CPI) handles the sync between core banking platforms (Finacle, Flexcube, T24 and in-house cores) and SAP finance / FPSL. The pattern depends on whether you need real-time posting or end-of-day batches.
Next step
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