Managing complex financial structures through changing market conditions, mergers and new regulations demands reliable visibility and cost-effective controls. However, here smaller institutions often find themselves at a disadvantage.
Finance as a Service (FaaS) is a lightweight, end-to-end solution tested on thousands of leading organizations worldwide. With one subscription, banks can quickly access a single source of truth for data, advanced analytics and pre-configured reporting, cutting costs and staying ahead of the market.
FaaS delivers the information you need, when you need it. Our end-to-end solution offers simplicity, accuracy and traceability across all data points, for full clarity and control. Stay ahead of complexities and regulations while reducing your compliance costs.
Simplify and scale your operations with seamless cloud deployment and support. Our secure SaaS solution delivers regular reviews, content updates and feature reviews, so you can focus on growth while reducing your TCO.
With versatile data ingestion and integration, our solution adapts to your needs in real-time. Seamlessly add new data sources, including mergers and acquisitions, new products or markets, so to create a unified view and drive innovation.
Make confident decisions with up-to-date information at your fingertips. With FaaS you can eliminate data silos and inconsistencies to drive effective collaboration and productivity across teams and regions.
Enhance compliance with centralized accounting rules, comprehensive reconciliation and substantiation and end-to-end financial, management & regulatory (FFIEC/FINREP) reporting.
Reduce your TCO with straight through accounting, automated credit risk (CECL, IFRS9) valuations and granular transparency for revenues across products, services and branches.
Enhance transparency with intercompany trade elimination and product control, including automated trade settlement and dynamic P&L insights.
Built trust through instant fund reconciliation and seamless collaboration through corporate general ledger for full visibility over fund and client profitability.
Guido Klose, Director – Finance as a Service, SAP Fioneer
Accelerate adoption with pre-configured processes, tailored to regulatory requirements and industry best practices.
Eliminate manual calculations with in-built standard ledger calculations for management and regulatory reporting.
Improve governance and reduce regulatory and compliance risk with flexible systems for different accounting principles and valuation methods.
Streamline compliance with centralized attestation, reconciliation and substantiation across all entities.
Enhance operational efficiency with integrated regulatory reporting, to stay compliant with new regulations effortlessly while optimizing financial transparency.
Create a single, reliable data flow across platforms to eliminate manual errors, easily adding new entities and acquisitions.
Streamline approval processes, budgeting, and reporting with standardized, automated workflows that reduce errors and enhance efficiency.