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%.