SAP building up client base for new banking industry software

- Thursday, April 28, 2011

SAP building up client base for new banking industry software

SAP (NYSE: SAP) currently has five clients in Latin America for its new Service to Cash (S2C) application and has an additional four clients in the pipeline and ready to start soon, Martin Schmid, telecoms solutions sales director for Latin America and the Caribbean, told BNamericas.

The S2C application - which allows for real-time billing, with more up-to-date information for monetization of new services, better market segmentation and accelerated go-to-market - has been offered to the banking industry since the beginning of this year.

According to Schmid, S2C provides a more flexible and modular approach to banking processes by crossing several sources of information. "For example, this service allows the bank to mix different client products. And as a result, the bank can offer a better interest rate or other benefits linked to the use of the credit card - something that is currently impossible to get," Schmid said.

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S2C can be deployed without an integrated SAP system. "This model does not force the companies to change their existing billing system, as it can easily be integrated within the one they use," Schmid added.

The new application costs US$50,000.

SAP's software and software-related services revenue grew a reported 18% year-on-year in Latin America during the first quarter of 2011, which the company closed with 11,050 clients in the region.

Globally, SAP reported total revenue of 3.02bn euros (US$4.48bn) for 1Q11, up 21% year-on-year, while IFRS net profit grew 4% to 403mn euros.