SAP AG announced that the State Bank of India (SBI), India’s largest commercial bank, selected mySAP ERP to automate and seamlessly integrate its human capital management (HCM) processes across State Bank Group, part of the bank’s efforts to transform its operations and prepare for future growth. The enterprise resource planning (ERP) application from SAP would serve State Bank Group’s global strength of more than 370,000 employees and retirees, making it one of the largest HCM implementations in the banking industry globally.
Founded in 1806, State Bank of India is India’s largest commercial bank and a trend setter in the Indian banking sector. SBI is the largest bank in India in terms of market capitalization, deposits, advances and profits. With more than 9,000 branches and more than 205,000 employees in over 29 countries, SBI is among the top hundred banks globally and is the only Indian Bank in the Top 100. The State Bank Group together consists of more than 14,500 branches and 370,000 employees and retirees.
SAP was selected to align the State Bank Group’s current human resource management system (HRMS) with the groups’ growing business needs and to empower its large workforce to manage processes in a collaborative environment. Using SAP software, State Bank Group aims to respond faster to market demands, enable real-time information access and assign the right people to the right positions at the right time.
Implementation of mySAP ERP will help State Bank Group drive advancement and innovation in areas of human capital management and enterprise resource planning such as e- learning, virtual classrooms, career development and succession planning, competency assessment, performance management and property management.
“The decision to select SAP was based on the bank’s requirement for an internationally renowned solution and implementer with deep technology and industry experience, ability to manage operational and external risks, commitment to long-term partnerships and an excellent track record for product delivery.” said a senior officer of SBI. “We will leverage the opportunities created by this transition to unleash the potential of the employees and help bank in integrating, streamlining and transforming the employee processes and to consolidate our leadership position in the marketplace and remain competitive on a global scale.”
“As the market leader in the Indian banking sector, SBI demonstrates real leadership by leveraging technology tools for transformation and innovation to maintain rapid business growth and market leadership,” said Alan Sedghi, president and CEO, SAP South Asia. “With our comprehensive portfolio of solutions, applications, technology and services for the banking and financial services industry, SAP continues to deliver solid business transformation results to global banks for both traditional and innovative enterprise-wide business process enablement. Going forward, we look forward to working with SBI to expand the scope of our partnership and help the company to achieve its business goals.”