Callata & Wouters, a provider of core banking and multi-channel distribution applications, announced that Delta Lloyd Bank has gone live with Thaler on SAP, its extended application with analytics capabilities, to complete the existing core banking application and replace the bank’s general accounting system.
With this project, Delta Lloyd Bank extends its partnership with Callata & Wouters by broadening the deployment of Thaler, the vendor’s flagship banking system, beyond the existing core banking capabilities and adds modules for deposits, loans and treasury processing to the previously deployed Thaler components. With Thaler on SAP, Delta Lloyd Bank now also benefits from a state-of-the-art general and analytical accounting system, seamlessly integrated with the core banking operations handled by the Thaler platform.
Callata & Wouters deployed Thaler on the SAP NetWeaver technology platform, which adopts an enterprise service-oriented architecture (enterprise SOA) offering the ability to integrate with third party applications and easily adapt to new business requirements. In addition, bank analyser (BA) which is extensively used by Delta Lloyd Bank, SAP’s general ledger (GL), and business intelligence (BI) components, which are embedded and pre-configured in Thaler on SAP offer maximum risk reduction. The integrated end-to-end solution facilitates a platform for data consistency and traceability across the whole banking application, improving the bank’s efficiency in its day-to-day operations and facilitating the strategic decision-making process. This platform will look to provide a single source of truth to the bank, by storing operational, accounting and analytical data in one system, dramatically improving the bank’s reconciliation processes. In addition, Thaler on SAP provides the bank with a comprehensive audit trail from general accounting to operational data, answering Delta Lloyd Bank’s regulatory and internal reporting requirements.
The implementation, completed in June 2009, is the first Thaler on SAP deployment to go live. This follows the signing of a strategic partnership between Callata & Wouters and SAP back in late 2007 to deliver SAP’s solutions for finance and risk management integrated in the Thaler platform.
“Thaler on SAP brings together two best-of-breed technologies offering us an effective one-stop-solution beyond core banking, says Piet Verbrugge, CEO, Delta Lloyd Bank. This enables us to gain access to capabilities only tier one banks would otherwise be able to benefit from. We strongly believe that Callata & Wouters’ solutions will continue to deliver the highest level of support, helping us future proof our business and be ready to face the challenges that may arise.”
D.C.