KPMG consulting on SAP for banks and insurance companies

In recent years, the demands on banks and insurance companies to automate existing processes as much as possible and execute them at high speed have grown enormously. At the same time, the requirements for flexible reporting that can be implemented efficiently in the shortest possible time are increasing. In the often fragmented system landscapes, this leads to high complexity, redundancy and therefore increased change costs.

We will be happy to advise you on how to use the new SAP business suite S/4HANA to meet the requirements for automation and data quality.

Our focus

We are a full-service transformation provider. We focus on the entire value chain of an SAP transformation and have the necessary professional and technical experience from strategy to implementation.

Our in-depth expertise, tailored to the needs of banks and insurance companies, is based on the new S/4HANA-based Business Suite and includes the following technical solutions:

SAP S/4 Finance (or its predecessor solutions such as New GL)
SAP (smart) AFI and its successor SAP FPSL
SAP FSDP / FSDM
Reporting and analytics solutions such as SAP PaPM, SAP Analytics Cloud, SAP Group Reporting and SAP BW and BW/4HANA

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KPMG Atlas

Do you need an initial indication of the extent to which the SAP Analytics Cloud (SAC) could be used for reporting and data analysis in the area of finance? Our Business Analytic will provide you with answers.

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Our expertise - your success

KPMG has been supporting financial service providers for many years in automating their accounting and reporting systems, optimising their core business processes and improving their data quality. We combine in-depth banking expertise with many years of industry and project experience and a technological DNA.

We are constantly investing further, expanding our range of services in the area of IT implementation and IT operations and are able to offer our customers added value.

In addition to SAP expertise in all matters relating to CFO responsibility, we have extensive core banking expertise and are there for our customers with a growing team. We have proven SAP and Fioneer specialists who combine in-depth knowledge of the banking business with software/platform expertise, specialist knowledge and many years of project experience.

With the special mix of skills of our team specialising in banking and insurance, we support you in the introduction or expansion of your SAP architecture:

Experts with several years of experience in setting up SAP financial & risk architectures for banks and insurance companies
In-depth understanding of banking and a broad range of experience in the insurance industry
Experts on the business and implementation side for special SAP modules and processes such as SAP FPSL
Expertise in SAP test organisation, test automation and test management
This expertise is rounded off by our methodological know-how for the successful transformation of large-scale IT projects
Our team has extensive expertise in data flows and implementation dependencies of SAP FPSL, SAP S/4 Finance, SAP Complex Loans, the SAP Analytics Cloud and FSDP
Our consultants are tried and tested, SAP-certified and undergo continuous further training
In-house SAP practice lab for SAP S/4HANA architecture for banks and insurance companies.

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Cloud Monitor 2025: Financial Services

Strategies and trends in cloud computing for financial service providers.

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Planning the changeover to S/4HANA

To give you an overview of the location of individual functions within the S/4HANA target architecture, we offer you personal or virtual demonstrations that have been developed in KPMG's own SAP Practice Lab. We use realistic case studies, which we are also happy to customise to your needs, for example on the SAP modules FPSL, PaPM and FSDM.

We also have established evaluation procedures and use our experience to create your S/4HANA transformation roadmap. The following aspects are taken into account:

Assessment of module maturity levels based on current project insight and submitted development requests
Implementation dependencies between individual SAP modules
Migration scenarios

We offer complete SAP S/4HANA readiness checks across your organisation as part of a more mature planning process to provide you with planning certainty as to which steps and considerations need to be made as part of a preliminary study in order to best prepare your institution for the S/4HANA conversion.

S/4HANA preliminary study

We offer you the following services as part of an S/4HANA preliminary study:

Requirements definition of all affected areas and target development
Target architecture development: Localisation of all necessary functionalities in a target architecture based on the SAP S/4 Suite
Transparent and objective preparation of decision options for management using an established tool
Business case including cost-case analyses to uncover potential savings by identifying synergies within the scope of the transformation, process and architecture harmonisation and use of cloud technology
Creation of a transformation roadmap

Preparation and implementation of the S/4 transformation

The following examples of our range of services illustrate the spectrum of our end-to-end transformation consulting:

Programme and project management methodology: We contribute our best-practice approaches for setting up state-of-the-art programme and project management structures that are suitable for your institute
Design and benchmarking of various classic, agile and hybrid-agile approaches
Development of a test strategy and test methodology with automated elements and support of the tests for technical implementation
Realisation of the configuration and quality assurance
Support and coaching during the user acceptance test phase
Change management
Early cut-over and go-live planning, taking our best-practice approaches into account
Ensuring the documentation and testability of the transformation process for the new target architecture
Post-go-live support

Contact us for a non-binding discussion, a workshop or a live demo in our SAP practice lab. Our experts will be happy to assist you.