Current News, Events & Customer Stories
Our successful implementation for Bitstamp has now been officially published as part of a business transformation study by SAP in cooperation with Bitstamp and conbateX (Switzerland) GmbH. The essential and achieved KPIs were and are:
- more then 50 % time reduction in month-end closing
- around 20 % increase of accounting work shift from repetitive towards analysis work
- ability of processing greater 10 times data then before
- 75 % fastening of financial reporting
The implementation of the S/4 HANA GL and FPSL was successfully completed within only 6 months.
In case of interest for this project reference, please don’t hesitate to contact Martin Prost (email) as a contact person and read the content of this study here.
Three months after the completion of the first phase, we successfully went live with the second phase of the transformation project for the Swiss bank within the Group at the end of September. Although the functional scope of the implemented solution was similar, this was once again a challenging task, particularly in view of the significantly broader range of banking products (loans, structured products, off-balance sheet transactions) and the significantly higher business volume of the Swiss company.
During the second go-live, both the project team and the end users were able to draw on the experience gained during the first go-live, which had been successfully completed three months earlier. Despite increased requirements, this go-live was also successfully completed without any major problems.
At the end of June 2020, we successfully completed the first phase of a long-term transformation project for one of the largest Swiss private banking groups with the go-live of a foreign subsidiary. conbateX executed the project in close cooperation with Deloitte.
In the project, conbateX was responsible for all processes based on SAP Banking Services (Rel. 9.0). The core of the solution designed and implemented by us is the connection of the up-stream banking systems to the sub-ledger in SAP sAFI (predecessor of S/4 HANA FPSL). The statutory balance sheet according to RVB 2015 is created on the basis of the sub-ledger, the general ledger and additional off-balance sheet items. In addition, the regulatory reporting (via FiRE) as well as the asset liability management (via FIS Focus ALM) are supplied completely from the SAP Banking core modules. Furthermore, various other systems are supplied with the relevant accounting data via individual interfaces.
One focus of the project was the design and implementation of an SAP architecture aligned with the overarching target architecture. The focus was on a data and process architecture that harmonizes the different data models of the various source systems and makes them available for the standardized subledger accounting in sAFI. Together with the results of the subledger and general ledger accounting, this also forms the basis for all reporting and notification processes that are based on financial accounting data.
During the course of the project, most of the customer's overall system landscape was still under development. By applying a semi-agile project approach, all project goals were achieved on time and within budget despite the constantly changing data and requirements situation.
Another successful year has passed and we are thankful for the energy and passion of our customers. Beyond the very successful and fast go live, which we supported in the first half of this year, we also supported our dutch customer in several go lives on SAP Smart AFI application including the setup of a reconcilation hub.
Our main project at the Swiss private bank was also pushed in the right direction and we are happy that we made necessary steps in our different test phases.
We wish a very nice christmas & holiday season and a successful and full-energized start into 2020!
It was a pleasure for conbateX to participate in the FPSL FP02 User Acceptance Test in SAP Headquarters, Walldorf, for which we have been selected to test the features and new developments shipped by SAP. Check those new features of SAP S/4 HANA FPSL 1812 FPS02 out on the official SAP homepage.
After only round about 6 months of implementation, conbateX has supported the global bitcoin crypto exchange trading platform to go live with their new accounting subledger and general ledger using SAP technologies. This included a complete a redesign of the existing GL Chart of Account structure as well as implementation of necessary reporting and end-to-end reconciliation features. Read more details about this here!
conbateX has been selected to support the implementation of SAP S/4 GL and FPSL for a global bitcoin crypto exchange trading platform to fulfill their needs of providing sufficient detailed results on single transaction basis in a sufficient timeframe including reporting and reconciliation features.
conbateX has officially moved it's premises and opened it's new branch in beautiful Brugg in Swiss canton Aargau. "Our new office in Brugg is easily reachable towards Zurich and close to the different customers we have served and are serving at the moment. Hence, it was a perfect fit for us to support our clients from nowadays onwards from Brugg.", says Managing Director Sebastian.
conbateX has officially been selected as Deloitte's partner to implement a unified and standardized SAP financial and risk platform including Smart AFI as the central accounting subledger at a large Swiss private bank. The project is forecasted to run until end of June 2021.
conbateX (Schweiz) GmbH has been officially founded in Uster, canton Zurich.