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Home Trust Company to implement core banking system from SAP

Monday 22 December 2008 15:00 CET | News

Canadian residential mortgage provider Home Trust Company has entered a strategic partnership with business software company SAP Canada to implement the latters core banking software.

Under the terms of the agreement, Home Trust, which provides deposits, mortgage and credit card services, is to implement an integrated platform from SAP with applications specifically targeted to improve its financial operations and enhance finance, human resources and payroll processes management.

Home Trust is also to leverage SAP for Banking in order to introduce and customise new products and services, track customer profitability, achieve speedier internal and external reporting and ultimately adapt to the changing regulatory environment in Canada. Home Trust representatives expressed their hopes that the financial company’s core banking system transformation is to help expand its market presence, customer relations and risk management practices by cutting back operational complexity.
 


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Categories: Banking & Fintech
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Countries: World
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Banking & Fintech