Chicago, 60603, IL,
United States
Northern Trust Technographics
Northern Trust Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Northern Trust and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 23000 Northern Trust employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Northern Trust has purchased the following applications: SAP S/4 HANA for ERP Financial in 2015, Workday Benefits for Benefits Administration in 2021, Oracle Flexcube for Core Banking in 2014 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Northern Trust is running and its propensity to invest more and deepen its relationship with SAP , Workday , Oracle or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Northern Trust revenues, which have grown to $6.77 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Northern Trust intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Northern Trust Tech Stack and Enterprise Applications
ERP Financial Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| SAP | Legacy | SAP S/4 HANA | ERP Financial | ERP Financial Management | n/a | 2015 | 2015 |
In 2015 Northern Trust implemented SAP S/4 HANA as its core SAP S/4 HANA ERP Financial application for corporate finance, treasury and trust accounting functions. The 2015 initiative focused on S4 HANA finance upgrade work streams that addressed General Ledger, Accounts Receivable and Bank Accounting configuration, transactional data conversion, and stabilization through production validation and hypercare support.
The implementation covered configuration and conversion activities across G/L, A/P, A/R, Asset Accounting, Business Partners and the conversion of Customers to Business Partners, plus setup of Parallel Ledgers and multi currency handling. Controlling capabilities implemented include Cost Center Accounting, Cost Element Accounting, Profit Center Accounting, Project Systems and Internal Orders, and electronic bank statements were configured with search string logic to automate bank statement processing.
Architecturally the deployment used S4 HANA interfaces and data orchestration layers including ETL, Master Data Governance mapping and SAP Application Interface Framework for structured data movement, with tile based Fiori apps provisioned by role for Finance and Trust Accounting. The project integrated SAP BRIM and SAP RAR with SAP S/4 HANA and SAP CRM, linked SAP RAR to SD and FI for automated revenue recognition rules, and validated Vertex tax integration for transactional tax calculation.
Governance and operational readiness emphasized functional specifications, custom Fiori development for trust workflows, comprehensive testing including unit, integration and user acceptance testing, and creation of configuration guides and end user training materials. The program included production data migration and validation, support for UAT and post go live hypercare, and subject matter expert support for tax and revenue accounting to ensure GAAP and IFRS aligned accounting and reporting.
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Expense Management | ERP Financial Management |
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2012 | 2012 |
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HCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Workday | Legacy | Workday Benefits | Benefits Administration | HCM | n/a | 2021 | 2021 |
In 2021 Northern Trust implemented Workday Benefits as a centralized Benefits Administration capability to align benefits, retirement, and total rewards engineering with the firm’s global people strategy. The implementation was positioned to support total reward delivery, the employee value proposition, and governance needs tied to executive compensation and board level oversight, reflecting specialties in global expansion and management of virtual teams.
Workday Benefits was configured to cover core benefits administration workflows including eligibility and enrollment management, benefits lifecycle events, open enrollment automation, retirement and pension administration, and wellness program enrollment. Configuration emphasized role based access, customization for executive and director compensation rules, and instrumentation of moments that matter to improve benefits orchestration across employee segments.
The solution was integrated with other Workday modules to maintain a single source of workforce data, with HR transactions and compensation data flowing into benefits eligibility and enrollment processes. Integrations and data feeds supported internal total rewards analytics and governance processes while enabling consistent policy application across international operations and shared services.
Governance and process changes accompanied the rollout to centralize benefits policy, standardize approval workflows, and formalize stewardship for global benefits programs. Operational ownership aligned benefits administration with total rewards, retirement, and compensation teams to support ongoing program design and regulatory controls without external system partner references.
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Compensation Management | HCM |
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2021 | 2021 |
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Core HR | HCM |
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2005 | 2005 |
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Core HR | HCM |
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2021 | 2021 |
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Digital Adoption | HCM |
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2018 | 2018 |
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HR Compliance | HCM |
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2018 | 2018 |
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Learning and Development | HCM |
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2005 | 2005 |
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Payroll Tax Compliance | HCM |
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2010 | 2010 |
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Payroll Tax Compliance | HCM |
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2017 | 2017 |
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Payroll | HCM |
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2000 | 2001 |
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Payroll | HCM |
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2021 | 2021 |
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Performance and Goal Management | HCM |
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2020 | 2020 |
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Recruiting | HCM |
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2017 | 2017 |
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Recruiting, Applicant Tracking System | HCM |
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2014 | 2014 |
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Recruiting, Applicant Tracking System | HCM |
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2021 | 2021 |
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Recruiting, Talent Sourcing | HCM |
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2017 | 2017 |
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Talent Sourcing | HCM |
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2017 | 2017 |
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Talent Sourcing, Talent Management | HCM |
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2014 | 2014 |
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Time and Attendance | HCM |
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2013 | 2013 |
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Time and Attendance | HCM |
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2007 | 2007 |
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Workforce Management | HCM |
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2014 | 2014 |
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Workforce Scheduling | HCM |
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2013 | 2013 |
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ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle Flexcube | Core Banking | ERP Services and Operations | n/a | 2014 | 2014 |
In 2014 Northern Trust implemented Oracle Flexcube for Demand Deposit Account functionality as part of its Cash Program Balances workstream, deploying the application within the bank's Core Banking landscape. The engagement documented installation, enhancement and integration activities for the Oracle Flexcube Demand Deposit Account application focused on balances and deposit processing.
The workstream centered on the Demand Deposit Account module of Oracle Flexcube, with configuration and enhancements aligned to account lifecycle workflows, transaction posting, interest computation and balance reconciliation, reflecting Core Banking operational requirements. Implementation work included configuration of validation rules, workflow automation for deposits, and parameterization for product and rate management.
Integration efforts connected Oracle Flexcube into the Cash Program operational fabric, enabling balance feeds and transaction updates to flow into treasury and cash management processes. The scope covered banking operations and treasury business functions responsible for deposits and balances, with testing cycles to validate end to end balance propagation.
Programme management oversight was provided for the Balances workstream, coordinating installation, enhancement, integration, testing and rollout activities across stakeholders and operational teams. Governance emphasized cross-team sign off and change control for configuration items and integration interfaces to ensure controlled cutover.
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Core Banking | ERP Services and Operations |
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2019 | 2019 |
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Digital Banking | ERP Services and Operations |
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2016 | 2017 |
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Insurance Claims Management | ERP Services and Operations |
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2018 | 2018 |
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Insurance Claims Management | ERP Services and Operations |
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2018 | 2018 |
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Insurance Claims Management | ERP Services and Operations |
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2018 | 2018 |
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Lease Management | ERP Services and Operations |
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2015 | 2015 |
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Loan Management | ERP Services and Operations |
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2021 | 2021 |
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Revenue Cycle Management | ERP Services and Operations |
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2013 | 2013 |
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AI-Powered Application
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Artificial Intelligence Marketing | AI-Powered Application |
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2022 | 2022 |
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Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Analytics and BI | Analytics and BI |
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2017 | 2018 |
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Analytics and BI | Analytics and BI |
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2022 | 2022 |
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Process Mining | Analytics and BI |
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2018 | 2018 |
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Blockchain
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Blockchain Platform | Blockchain |
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2016 | 2016 |
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Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Audio Video and Web Conferencing | Collaboration |
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2020 | 2020 |
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Collaboration | Collaboration |
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2022 | 2023 |
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Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Document Management | Content Management |
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2022 | 2022 |
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Web Content Management | Content Management |
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2011 | 2011 |
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CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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CRM | CRM |
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2015 | 2015 |
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CRM | CRM |
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2016 | 2016 |
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Customer Experience | CRM |
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2015 | 2015 |
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Customer Support | CRM |
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2018 | 2018 |
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Data Management Platform | CRM |
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2021 | 2021 |
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Marketing Automation | CRM |
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2020 | 2020 |
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Marketing Automation | CRM |
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2018 | 2018 |
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Sales Automation, CRM, Sales Engagement | CRM |
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2018 | 2018 |
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EPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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EPM | EPM |
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2013 | 2014 |
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EPM | EPM |
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2014 | 2014 |
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Financial Consolidation and Close | EPM |
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2013 | 2013 |
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IT Asset Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Hardware Asset Management (HAM), IT Asset Management (ITAM) | IT Asset Management |
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2021 | 2021 |
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Hardware Asset Management (HAM), Software Asset Management (SAM), IT Asset Management (ITAM), SaaS Spend Management | IT Asset Management |
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2019 | 2019 |
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IT Asset Management (ITAM), SaaS Spend Management | IT Asset Management |
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2019 | 2019 |
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Software Asset Management (SAM), IT Asset Management (ITAM) | IT Asset Management |
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2022 | 2022 |
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ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Performance Management | ITSM |
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2019 | 2019 |
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Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Asset and Wealth Management | Investment Management |
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2017 | 2017 |
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Asset and Wealth Management | Investment Management |
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2017 | 2017 |
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Collateral Management | Investment Management |
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2024 | 2024 |
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CRM and Investor Relationship Management | Investment Management |
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2024 | 2025 |
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Investor Onboarding | Investment Management |
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2022 | 2022 |
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Portfolio and Investment Management | Investment Management |
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2020 | 2020 |
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Portfolio and Investment Management | Investment Management |
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2016 | 2016 |
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Portfolio and Investment Management | Investment Management |
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2016 | 2015 |
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Portfolio and Investment Management | Investment Management |
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2018 | 2018 |
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Portfolio and Investment Management | Investment Management |
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2018 | 2018 |
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Portfolio and Investment Management | Investment Management |
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2022 | 2022 |
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Portfolio and Investment Management | Investment Management |
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2019 | 2019 |
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Portfolio and Investment Management | Investment Management |
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2018 | 2018 |
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Portfolio and Investment Performance and Planning | Investment Management |
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2015 | 2015 |
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Portfolio and Investment Performance and Planning | Investment Management |
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2015 | 2015 |
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Portfolio and Investment Risk Management | Investment Management |
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2014 | 2014 |
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Trade Order Management System (TOMS) | Investment Management |
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2016 | 2016 |
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Trading Platform | Investment Management |
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2013 | 2013 |
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Trading Platform | Investment Management |
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2019 | 2019 |
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Trading Platform | Investment Management |
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2018 | 2018 |
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Trading Platform | Investment Management |
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2018 | 2018 |
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Trading Platform | Investment Management |
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2018 | 2018 |
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Trading Platform, Portfolio and Investment Management | Investment Management |
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2018 | 2018 |
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SPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Configure Price Quote (CPQ) | SPM |
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2020 | 2020 |
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TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Governance, Risk and Compliance | TRM |
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2021 | 2021 |
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Governance, Risk and Compliance | TRM |
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2024 | 2024 |
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Risk Management | TRM |
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2019 | 2019 |
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Risk Management | TRM |
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2017 | 2017 |
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Risk Management | TRM |
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2017 | 2017 |
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Treasury Management | TRM |
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2014 | 2014 |
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Treasury Management | TRM |
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2013 | 2013 |
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PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Master Data Management | PaaS |
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2024 | 2025 |
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Robotic Process Automation | PaaS |
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2017 | 2017 |
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Robotic Process Automation | PaaS |
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2019 | 2019 |
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Hosting and Computing Services | IaaS |
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2012 | 2012 |
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Backup as a Service (BaaS) | IaaS |
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2018 | 2018 |
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Content Delivery Network | IaaS |
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2017 | 2017 |
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Content Delivery Network | IaaS |
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2015 | 2015 |
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Database Management | IaaS |
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2018 | 2018 |
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Servers, Storage and Networking | IaaS |
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2014 | 2014 |
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CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Secure Email Gateways (SEGs) | CyberSecurity |
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2014 | 2014 |
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Secure Email Gateways (SEGs) | CyberSecurity |
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2020 | 2020 |
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Security Orchestration, Automation, and Response (SOAR) | CyberSecurity |
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2025 | 2025 |
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Internet of Things
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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IoT Platform | Internet of Things |
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2018 | 2018 |
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IT Decision Makers and Key Stakeholders at Northern Trust
| First Name | Last Name | Title | Function | Department | Phone | |
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| No data found | ||||||
Apps Being Evaluated by Northern Trust Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| No data found | ||||||