About the Customer
Commerzbank AG is a German banking and financial services company based in Frankfurt, Hesse, Germany.
Commerzbank is Germany's fourth-largest bank by total assets. The bank is present in more than 50 countries around the world, although primarily provides services in Germany and Poland. As of 2018, it provides almost a third of Germany's trade finance and the German state is the largest shareholder with a 15% stake.
Scope and Challenges
For Private and Small Business Customers as well as Corporate Clients, the Bank offers a comprehensive portfolio of financial services. Commerzbank AG started its digital transformation at the end of 2016 by implementing SAP SuccessFactors HCM Suite (Employee Central, Talent, Performance & Goals, Learning, Compensation) for 48743 users.
Outcome and Implications
Later on, two new products have reached on the technology portfolio of the company, SAP Bank Analyzer and SAP Accounting for Financial Instruments both powered by SAP HANA Cloud Platform
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