Standard Chartered Digital Transformation Initiatives

About the Customer

Standard Chartered is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets (including subsidiaries, associates, and joint ventures) across more than 70 countries and employs around 87,000 people.

Scope and Challenges 

Standard Chartered embraced solutions from SAP Ariba and SAP to fuel a unified process for managing all their spend and trading relationships from end-to-end on a single, integrated platform.

In 2016 Standard Chartered begun rolling out its digital banking solutions. This move came as the bank invested $1.5 billion in its digital transformation path, following a very disruptive time for the financial sector. In 2017, Standard Chartered selected SAP Ariba in conjunction with SAP S/4HANA to standardize finance, treasury and supply chain processes across their global business model in more than 50 countries and accelerate their close process by leveraging real-time consolidation capabilities.

Outcome and Implications

With SAP and S/4 HANA as their digital core, companies can master massive amounts of data digitally in real time, enable instant insight and predictive analytics to guide critical decision making, eliminate risk and run live. With the integration of solutions from SAP Ariba, they can extend this simplicity, power and speed outside their four walls and collaborate with customers, partners and suppliers in new and innovative ways that transform their supply chain.

By the end of 2018, Standard Chartered expects to see paper-based on-boarding reduced from 90% to 10%, turn around times reduced from 5 days to less than an hour, online sales increase from 10% to 30% and branch transactions reduce from 80 million to 40 million. Standard Chartered hopes that these outcomes will also allow staff productivity to increase by 25%.
 


1 Basinghall Ave
London, EC2V 5DD , x
UK
44 20 7885 8888
https://www.sc.com/
Industry Employees Revenue
Banking and Financial Services Subscribe Subscribe

Enterprise Software and Cloud Applications Purchased by Standard Chartered


Vendor Old Product New Product Function Market Users VAR/SI When Live
Ameyo Legacy Applications Ameyo Voice Logger System Cloud Contact Center CRM n/a n/a 2016 2016
Subscribe Subscribe Subscribe Order Management and Compliance platform SCM Subscribe Subscribe 2008 2009
Subscribe Subscribe Subscribe Conversational AI Platform Artificial intelligence Subscribe Subscribe 2017 2018
Subscribe Subscribe Subscribe Enterprise Resource Planning ERP Financial Management Subscribe Subscribe 2017 2018
Subscribe Subscribe Subscribe Source-to-Pay Procurement and Supply Chain Cloud Procurement Subscribe Subscribe 2017 2018
Subscribe Subscribe Subscribe Enterprise Resource Planning ERP Financial Management Subscribe Subscribe 2017 1Q2019
Subscribe Subscribe Subscribe Enterprise Resource Planning ERP Financial Management Subscribe Subscribe 2017 1H2019

IT Decision Makers and Key Stakeholders at Standard Chartered


First Name Last Name Title Email Phone
Subscribe Subscribe CFO Subscribe Subscribe
Subscribe Subscribe Director-Treasury Operations Subscribe Subscribe
Subscribe Subscribe Finance Learning Director Subscribe Subscribe
Subscribe Subscribe Organisation and Human Resources Director Subscribe Subscribe
Subscribe Subscribe Head of Group Media Relations Subscribe Subscribe
Subscribe Subscribe Global Head, HR Change Portfolio & Transformation Subscribe Subscribe
Subscribe Subscribe Treasury Services Team Lead Subscribe Subscribe
Subscribe Subscribe Technology Service Manager, Financial Markets, eCommerce Subscribe Subscribe
Subscribe Subscribe Group Head, Human Resources Subscribe Subscribe