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ACBA-CREDIT AGRICOLE BANK to perform digital transformation
2018-03-28

SAP, one of the world's largest enterprise software vendors, has signed a contract with ACBA-CREDIT AGRICOLE BANK, the first bank in Armenia to conduct a large-scale digital transformation of its business by using SAP enterprise software.

With the help of modern enterprise software the Bank plans to improve the quality of its work with customers, reduce the time for new products to enter the market, improve both operational efficiency and efficiency of the Bank's core processes.

"We have always paid great attention to the use of innovations and new technologies , constantly adding and developing their use in the business. Thanks to the leading and internationally recognized SAP banking software, we will be able to interactively respond to all the needs of our customers by providing a package of services and solutions that best meet their requirements. The Bank will create a new digital management system based on the analytical system in real time mode. We attach great importance to our strategic partnership with SAP. When implementing such a large-scale and long-term program, a proper choice of investment decisions is necessary. The selected technologies should be relevant and updated at least in the next 10-15 years. In SAP, we have not only a partner that offers advanced digital technologies and corporate software of the world level, but also has a clear idea of its development," said Hakob Andreasyan, CEO of ACBA-CREDIT AGRICOLE BANK.

"In the financial sector, the level of penetration of information technology is traditionally high. ACBA-CREDIT AGRICOLE BANK is one of the leaders in Armenia in terms of automating its processes, providing its customers with high level modern banking services. Therefore, it is especially valuable for us that the Bank has chosen SAP as the main platform for integrated digitalization. Together, we will be able to respond even more quickly to customer needs and market challenges," said Ara Aguzumtsyan, SAP CIS Consulting and Support Director.

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