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New SAP Rapid Deployment Solutions Bring Banks Accelerated Efficiency and Innovations

SAP NEWSBYTE - SAP AG (NYSE: SAP) today announced new rapid-deployment solutions for banks that simplify and accelerate the implementation of technology and banking practices. SAP Rapid Deployment solutions address a need for banks to be flexible in competitive markets following the financial crisis. They guide the roll-out of new financial services within a fixed scope of time at a low fixed cost, mitigating financial risk and uncertainty. Banks previously trapped by their legacy systems can now create a new foundation of business processes. The announcement was made at the International SAP Conference for Banking 2012, being held in London from June 18-20.

"Rapid-deployment solutions represent a new pinnacle for revitalizing banking systems," said Falk Rieker, global head, Banking Industry Business Unit, SAP. "They combine our business process knowledge with best practices we have honed in the banking industry. Customers can better navigate the transformation process and implement our solutions in a highly efficient manner."

SAP Rapid Deployment solutions are ready-to-use combinations of best-in-class software, pre-configured content and predefined services that have been specifically tailored to industries, all at a fixed price with fixed implementation time. They offer a quick, cost-effective method for standardizing processes and adopting the latest innovations in mobility and in-memory analytics with fewer migration risks. The average timeframe for a typical deployment is less than 90 days, eliminating 40 percent of implementation expenses on average. The solutions also provide an accessible gateway for businesses needing to fast-track high-end innovations such as the SAP HANA platform and mobile solutions.

SAP currently offers the following banking-specific rapid-deployment solutions:

In addition to these banking-specific services, the full range of SAP Rapid Deployment solutions for enterprise resource planning (ERP), customer relationship management (CRM) and analytics are available to banks for expanding core capabilities.

For more information, visit the SAP Newsroom and the SAP blog Banking View. Follow SAP on Twitter at @sapnews and @SAPforBanking.

Media Contacts:
Birgit Krauter, SAP, +49 (6227) 7-61664, birgit.krauter@sap.com, CET
Atle Erlingsson, SAP, +1 (415) 858-8149, atle.erlingsson@sap.com, PDT
Anthony Suarez, Burson-Marsteller, +1 (212) 614-4331, anthony.suarez@bm.com, EDT

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