Sector Experienced Consultants.
Clients in the financial services sector often express a preference to engage ERP Consultants with financial services sector experience. A deep knowledge or understanding of a financial services firms' operations, business processes, industry practices or compliance requirements that are specific to the financial services sector can be immensely valuable and save significant time when designing and implementing ERP solutions.
Deep Market Knowledge.
As a specialist ERP staffing & consulting firm serving the financial services sector we continually keep track of ERP trends across the industry. Monitoring which ERP systems are being utilized by financial services companies, and the ERP initiatives they are investing their resources in, enables us to offer our clients deep insight into market trends and how financial services companies are optimizing their ERP systems to meet their needs.
ERP Systems for the Financial Services Sector
The financial services sector often has unique requirements for regulatory compliance, risk management, and financial reporting, leading to the utilization of ERP systems tailored for the industry. Here are some of the widely used ERP systems in the financial services sector:
SAP for Banking: SAP offers industry-specific solutions for banking and financial services. SAP for Banking provides functionalities for core banking operations, risk management, and compliance.
Oracle Financial Services Analytical Applications (OFSAA): Oracle provides a suite of applications designed for financial services. OFSAA includes modules for risk management, finance, compliance, and customer insight.
Temenos Transact: Temenos specializes in software solutions for banking and financial services. Temenos Transact is a core banking system that helps financial institutions manage their operations efficiently.
FIS Profile: FIS provides a variety of solutions for the financial services industry, and Profile is a comprehensive banking and payments platform that includes core banking, lending, and compliance features.
Fiserv Signature Bank Platform: Fiserv offers technology solutions for the financial industry, and the Signature Bank Platform is designed for core banking, lending, and other financial services operations.
Infosys Finacle: Finacle, developed by Infosys, is a banking solution that covers core banking, treasury, and wealth management. It is used by financial institutions globally.
Dynamics 365 Finance and Operations for Banking Accelerator (Microsoft): Microsoft Dynamics 365 includes industry accelerators, and there's a specific accelerator for the financial services sector. It covers core banking processes and compliance.
Misys FusionBanking: FusionBanking by Misys (now part of Finastra) is used by financial institutions for core banking operations, treasury management, and risk management.
Avaloq Banking Suite: Avaloq specializes in banking solutions, and its Banking Suite is used for core banking processes, wealth management, and digital banking.
SS&C Advent Geneva: SS&C Advent provides solutions for investment management, and Geneva is an investment management platform widely used for accounting, reporting, and fund administration.
