SAP Releases High-Speed Analytics Software for Banks

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SAP rolled out a slew of new products based on its HANA in-memory database today, including two specifically created for banks. Among the new solutions are business intelligence applications for sales and operations planning, cash forecasting, collections, planning and consolidation, and sales pipeline analysis.

The bank-specific programs are SAP Bank Analyzer for financial reporting and SAP Deposits Management for transaction history analysis.

SAP Bank Analyzer is designed to help organizations quickly analyze large volumes of data, to automate processes and make decisions in near-real-time. The solution is said to let banks rapidly generate detailed financial reports on assets and accounting performance.

SAP Deposits Management is meant to help retail banks boost performance through improved transaction history analysis. It helps employees access up-to-date account information and processes multi-year information to detect patterns and opportunities.

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