ACBA-Credit Agricole Bank launches digital transformation process in cooperation with SAP

ArmInfo. ACBA-Credit Agricole Bank has signed an agreement with a major international SAP company engaged in the development of solutions for corporate business, within which the Bank, through the application of SAP-created modern technologies, will implement the full digital transformation of the bank.

As the Bank's press service informs, by applying these technologies it will allow the Bank to significantly reduce the average service time per client, apply an individual approach to each client, and at the same time raise the quality level of the banking system.

Chief Executive Officer of ACBA-Credit Agricole Hakob Andreasyan noted that the bank has always attached special importance to the use of innovations and innovative technologies, regularly expanding and promoting their application in business. "Thanks to technology, we will be able to respond interactively to the demands of our customers. Therefore, we will be able to provide such packages of services and solutions that will be most effective for them," he stressed. According to A. Andreasyan, based on the analytical system operating in real mode, a new digital system of the Bank will be created. "We attach special importance to our strategic cooperation with the SAR in the person of whom we have acquired a partner, not only as a leading international company providing corporate solutions, but also as a partner providing advanced digital technologies with their own special vision of their development," he said.

Director of SAP consulting in the CIS region Ara Aguzumtsyan noted that today the level of technology implementation in the financial system is quite high. ACBA-Credit Agricole is one of the leading banks in Armenia, constantly automating business processes. In particular, the Bank has always provided high- quality services to its customers and that is why it is extremely important that the Bank has chosen us as its main partner in this business. Together we will be able to respond more quickly to the challenges and needs of our clients," A. Aguzumtsyan concluded.

SAP is a German company that produces software for organizations, in particular the development of automated control systems for such internal processes of the enterprise as:  accounting, trade, production, finance, personnel management, warehouse management, etc. The company was founded in 1972 with headquarters in Walldorf.

"ACBA-Credit Agricole Bank" CJSC has been operating in Armenia since 1995. The majority shareholders of the bank are: the largest European banking group Credit Agricole S.A. with a 15.56% interest in the capital, after which SJSC "Sacam International" (a member of Credit Agricole S.A) - 12.44% followed by the size of participation, "ACBA Federation" CJSC - 71%.