Based in Belgium, Delta Lloyd Bank is a retail and private bank with over 252 branches and agents. The bank focuses on building trustworthy relationships with its affluent and wealth management clients by offering a broad range of simple and accessible products and services. Delta Lloyd Bank firstly went live with Thaler in 2004 to manage its securities, followed by loans and payments processing. Building on the strength of the existing relationship, Delta Lloyd Bank selected Thaler on SAP last year to replace its existing accounting system, and improve the efficiency and accuracy of its accounts reconciliation process.
CallataÃ¿ & Wouters deployed Thaler on the SAP NetWeaver technology platform, which adopts an enterprise service-oriented architecture (enterprise SOA) offering the ability to integrate with third party solutions and easily adapt to new business requirements. In addition, bank analyser (BA) which is extensively used by Delta Lloyd Bank, SAP's general ledger (GL), and business intelligence (BI) components, which are embedded and pre-configured in Thaler on SAP offer maximum risk reduction. The integrated end-to-end solution facilitates a platform for data consistency and traceability across the whole banking application, improving the bank's efficiency in its day-to-day operations and facilitating the strategic decision-making process. This platform will look to provide a single source of truth to the bank, by storing operational, accounting and analytical data in one system, dramatically improving the bank's reconciliation processes. In addition, Thaler on SAP provides the bank with a comprehensive audit trail from general accounting to operational data, answering Delta Lloyd Bank's regulatory and internal reporting requirements.
The implementation, completed in June 2009, is the first Thaler on SAP deployment to go live. This follows the signing of a strategic partnership between CallataÃ¿ & Wouters and SAP back in late 2007 to deliver SAP's solutions for finance and risk management integrated in the Thaler platform.
Piet Verbrugge, CEO, Delta Lloyd Bank, comments: "Thaler on SAP brings together two best-of-breed technologies offering us an effective one-stop-solution beyond core banking. This enables us to gain access to capabilities only tier one banks would otherwise be able to benefit from. We strongly believe that CallataÃ¿ & Wouters' solutions will continue to deliver the highest level of support, helping us future proof our business and be ready to face the challenges that may arise."
Marc De Groote, CEO, CallataÃ¿ & Wouters, adds: "As the regulatory landscape continues to change, it is crucial for banks to be able to have easy access to traceable and auditable data. With Thaler on SAP, banks such as Delta Lloyd Bank can benefit from the integration of two first-in-class solutions into a comprehensive and unique banking platform, thereby allowing them to build their future in full confidence. In addition, Thaler on SAP is an integrated end-to-end solution with pre-embedded and pre-configured SAP applications which provides banks with greater ease of implementation."