STANDARD BANK SA ACCELERATES JOURNEY TO DIGITAL ENTERPRISE WITH MICROSOFT, SAP
March 5, 2020
JOHANNESBURG, South Africa, March 4th, 2020, -/African Media Agency (AMA)/- Standard Bank South Africa is moving its core SAP Cloud Platform services to Microsoft Azure to significantly improve the experience customers have with the bank, while enabling it to introduce new solutions to market more efficiently.
This accelerates the digital transformation of SAP customers to S/4HANA by partnering with Microsoft and using jointly developed reference architectures, roadmaps, and industry best practices. Many enterprises are looking to reduce their reliance on their own datacentres and moving more of their core workloads to the cloud.
Sabelo Nkwanyana, Standard Bank’s CIO for Personal and Business Banking SA, says leveraging the computing power of Microsoft and the product innovation capability of SAP demonstrates how Standard Bank is embracing partnerships and ecosystems to develop customised solutions for its clients.
“SAP has a deep understanding of our business requirements and how we want to ensure our customers are happy with our service offering. This partnership continues our focus on innovation by leveraging the respective skills of SAP and Microsoft to transform the digitisation and personalisation journey for our customers,” says Nkwanyana.
Lillian Barnard, Managing Director, Microsoft South Africa says, “The Project Embrace initiative between Microsoft and SAP announced globally last year is centred around the customer journey to SAP S/4HANA and SAP Cloud Platform on Microsoft Azure. The work that we are doing with Standard Bank is the first local demonstration of this partnership, and another milestone in the journey Microsoft is on with Standard Bank, to bring innovation into every aspect of the bank’s IT system and enable enriched interactions with the bank’s customers.”
The partnership brings together SAP and Microsoft, along with a global network of selected system integrators, to move on-premise SAP ERP and SAP S/4HANA customers to the cloud through industry-specific best practices, reference architectures and cloud-delivered services.
Barnard continues, “Enterprises are migrating to cloud providers at an accelerated rate. This makes it critical for our customers to have the right cloud infrastructure in place, enabling them to unlock the power of innovation. Microsoft’s significant investment on the African continent, with our first hyperscale datacentre regions in Johannesburg and Cape Town, means many more partners and customers are enjoying the benefits of our intelligent cloud platform.”
Speaking on the SAP partnership specifically, Barnard adds, “Project Embrace has three tenets at its heart: simplify, accelerate and innovate. By accelerating our customers’ digital transformation journey, we are enabling them to become agile, efficient digital enterprises on Microsoft Azure – with a cloud platform optimised for SAP – leveraging best practice and specialist expertise.”
“Today’s announcement is the biggest partnership centred on SAP implementation in Africa. With client experience a key strategic pillar for Standard Bank, Project Embrace reflects the shared commitment of both SAP and Microsoft to accelerate our customers’ journey to the cloud,” says Cathy Smith, Managing Director at SAP Africa.
This project will deliver a unified approach to how Standard Bank runs SAP S/4HANA in Microsoft Azure. Ultimately, this will help the bank deliver a faster time-to-market on products and services, while ensuring its IT infrastructure is optimised. By moving workloads to the cloud, Standard Bank will be able to access a range of features that it can deploy instantly and scale according to demand. This will result in cost reductions, improved system performance, and access to innovation.
“This will empower the bank to create new business models and deliver more personalised outcomes in today’s dynamic business environment. By providing Standard Bank with consistent engagement and delivery models, SAP and Microsoft bring both industry-specific best practices and deep local insight to deliver a compelling value proposition for their clients,” says Smith.
“Through Project Embrace, we are now able to better identify our business pain points and effectively address them through technologies that deliver a demonstratable return on investment. Having the ability to more accurately predict where customer challenges and dissatisfaction will occur enables a more flexible enterprise environment. We can help our customers transform their businesses and their lives in a secure way. This is much more than SAP and Microsoft supplying us with products. This is about fundamentally enhancing our digital journey for the future,” concludes Nkwanyana of Standard Bank SA.
In addition to the work done with Standard Bank, the Microsoft and SAP initiative is assisting customers around the world, and in a variety of industries, accelerate their journey to becoming digital, intelligent enterprises.
Distributed by African Media Agency (AMA) on behalf of SAP Africa.
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
About Standard Bank Group
Standard Bank Group is the largest African bank by assets with a unique footprint across 20 African countries. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.
Standard Bank has a 157-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.
Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses, provide significant opportunities for growth. The group has more than 53 000 employees, approximately 1 200 branches and over 9 000 ATMs on the African continent, which enable it to deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management.
Headline earnings for 2018 were R27.9 billion (about USD2.1 billion) and total assets were R2.1 trillion (about USD148 billion). Standard Bank’s market capitalisation at 31 December 2018 was R289 billion (USD20 billion).
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Delia Sieff, SAP Africa, +27 (11) 235 6000, email@example.com
Adam Hunter, SAP Africa, +27 (711) 787 035, firstname.lastname@example.org
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