Today, 27% of respondents to SAPinsider’s research report that they are using bank connectivity solutions for their ERP systems. This lack of specialized bank integration tools is reflected by the average amount of time it takes organizations to perform bank integrations being 3 to 6 months—and less than 5% of respondents were able to complete these integrations in less than a month. Moving to SAP S/4HANA means that IT & SAP technology teams have to perform these integrations all over again, potentially delaying or extending deployment timelines as they attempt to maintain or re-establish bank connections for their treasury, accounting, and greater finance teams.
Join the SAP S/4HANA certified/bank connectivity leader Kyriba to learn how your bank connectivity process can be simplified and learn how Bank Connectivity-as-a-Service can significantly reduce the costs and timeline associated with your deployment. Those who attend the session will also learn:
· How to implement faster and less costly bank integrations
· Why bank timelines can make cloud migrations a nightmare
· How to enhance fraud and cyber security during migrations
(Survey data from SAPinsider’s Integration Tools and Strategies for SAP S/4HANA Benchmark Report, August 2020)
MEET THE EXPERTS
Steven Otwell has been with Kyriba for 5 years and is the acting Director of Payments and Connectivity. He works with clients and prospects to model enterprise-wide payment solutions incorporating bank connectivity, fraud and payment factories to provide efficiencies, reduce risk and lower cost. Prior to Kyriba Steven spent 10 years at Bottomline Technologies assisting clients with payment hubs and SWIFT Service Bureau deployments.
Robert is SAPinsider's Vice President and Research Director and leads the research and content development for the ERP, Platform, Technology, and Security topics. Robert has been working in the SAP ecosystem for more than fourteen years, and has written more than a dozen research reports since joining SAPinsider. In that time he has engaged with customers and vendors through event sessions and webinars to understand their technology and challenges, and helped tell stories that are important to the SAPinsider community. Follow Robert on LinkedIn and Twitter for more ERP, Technology, and Security insights.