Canadian Treasurer
 

July 20, 2011

Home Trust Company goes live with banking solutions from SAP

TORONTO -- Home Trust Company, one of Canada's leading Trust companies and ninth largest deposit-taking financial institution, and a wholly owned subsidiary of Home Capital Group Inc., today announced it has successfully gone live with solutions from the SAP® For Banking solution portfolio. With these offerings from SAP AG, Home Trust has joined a growing list of financial institutions worldwide by investing in a platform to power its growth. With the implementation of SAP for Banking solutions, Home Trust has improved its ability to introduce new products, enhance reporting of business operations, achieve substantial new efficiencies and drive future growth and profitability.

SAP for Banking solutions include banking, business and analytical applications that help financial institutions optimize their business processes and enable operational and financial excellence, as well as superior customer service. SAP for Banking solutions helps financial institutions by improving the efficiency of front-office and back-office activities through automation and standardization. Home Trust is the first financial institution in Canada to implement the complete SAP for Banking solutions system.

"We wanted a platform that would accelerate our future plans for growth. The financial services sector, like many other industries, continues to leverage technology to enhance the customer experience. Home Trust is a growing company, and we needed a solution that would give us flexible processes, greater visibility into our business, and continue our 20-year history of increasing assets and profitability," said Gerald M. Soloway, Chief Executive Officer, Home Trust. "We also wanted to continue offering our customers a diverse set of products and with SAP we are growing our business to fit our customer needs today and into the future."

With more than 35 years of industry experience, SAP delivers solutions that are specifically designed for the banking industry. No other vendor has the breadth, depth and commitment to this industry. SAP for Banking solutions enable operational excellence, financial excellence and superior customer service.

"With the banking solutions from SAP, we are excited to have a robust platform that will standardize our business systems and provide a technical road map that matches our customer growth," said Martin Reid, President, Home Trust. "We now have a central point of integration for all best-in-class and custom solutions that match our unique business needs."

"Home Trust understands that increased productivity equates to increased profitability. This is especially true of the financial services sector where increased profitability through better business insight can mean the difference between good performance and great performance, and Home Trust is a great performer in their sector," said Mark Aboud, Managing Director, SAP Canada. "With SAP for Banking solutions, Home Trust's systems will be more scalable and able to deliver actionable information to decision makers through flexible, comprehensive reporting tools."

 

 

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