Systech Integrators, Inc

Systech for Banking: Delivering Solutions for the Dynamic Financial Services Environment

Industry Challenges

The financial crisis of 2007-2011 is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It was triggered by a liquidity shortfall in the United States banking system, and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity.

Many causes for the financial crisis have been suggested, with varying weight assigned by experts. Both market-based and regulatory solutions have been implemented or are under consideration, while significant risks remain for the world economy over the 2010-2011 period.

As banks try to recover from the global financial crisis, they must comply with the increased scrutiny and new, complex regulations. IT budgets are likely to increase with the economic stabilization, and demand for technologies that improve efficiency will continue.

How Systech can help you overcome the Crisis by delivering efficient SAP Solutions

Systech can help deliver the most comprehensive SAP portfolio of modular solutions on a business process platform, which is built on a service-oriented architecture (SOA) and facilitates adaptability and interoperability throughout the internal and external banking enterprise. The current portfolio includes solutions for enterprise management, transactional banking for core banking processes, risk management, and compliance.

The comprehensive SAP for Banking solution portfolio, along with SAP's leading business support and analytical applications, helps optimize banking business processes, making it possible for organizations to transform your business in areas such as:

• Operational Excellence - Transactional banking processes for deposits and loans help streamline and simplify your core banking operations across product and service lines. Niche solutions for processes such as operational risk management help improve transparency, consistency, and overall operational efficiency.
• Financial Excellence - Integrated financial and risk management processes support the management of risk across the enterprise. By aligning strategy and execution through enterprise planning and consolidation, you can be sure that your organization is poised to react to market and regulatory pressures today and in the future.
• Superior Customer Service - Customer relationship management processes and a customer-centric business strategy enable you to leverage accurate and consistent information throughout all customer interactions, so you can deliver optimized pricing, real-time offer management, and customer analytics.

Systech for Insurance: An Insurance Policy for Insurance Companies

Industry Challenges

Although the worst of the financial crisis has passed, the insurance industry still faces numerous challenges. A weak economy is limiting growth opportunities and making capital preservation an ongoing priority for many companies.

Because of these pressures, insurers continue to closely monitor their people, processes, systems, and markets in order to find competitive advantages. In the midst of this, they also face potentially major changes to accounting standards, capital requirements, and regulation that may affect their business for years to come.

How Systech can help you overcome the challenges

With Systech's SAP Solution for Insurance, companies can adapt quickly to changing needs while maintaining the control and visibility necessary to ensure profitable growth. Together, Systech and SAP integrate the entire insurance value chain - from collection of premiums through payment of claims. SAP for Insurance supports data transparency, data integrity, and powerful analytics for tactical and strategic decision making and reporting.

Systech implements the following industry-specific applications:

• SAP Claims Management
• SAP Financial Asset Management
• SAP Insurance Collections and Disbursements
• SAP Incentive and Commission Management
• SAP Reinsurance Management