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SAP Customer Success Profile Banking – Financial Products and Services

BANESCO BANCO UNIVERSAL

aLiGNiNG OBJEctiVES WitH SaP® BuSiNESSOBJEctS™ StRatEGY MaNaGEMENt
Venezuelan bank Banesco Bancouniversal c.a. wanted executives across the company to be able to align their objectives and then monitor how strategy was being executed. the SaP® BusinessObjects™ Strategy Management applicationprovided a single, integrated system for managing strategic planning.
Quick FactS

“In Latin America there were not many previous examples of a migration of this type for a banking entity. However,when we saw that SAP offered truly comprehensive management of key areas, we decided to take up the challenge.”
Juan Claudio Pagés, Executive VP for Strategic Management and Executive VP forBusiness Processes, Banesco Banco universal c.a.

Company • Name: Banesco Banco universal c.a. • Location: caracas, Venezuela • industry: Banking • Products and services: Financial • Employees: 14,000 •Web site: www.banesco.com • implementation partner: cipher corporation Challenges and Opportunities Provide instruments that allow executives and leaders across all areas of the company to aligntheir objectives and monitor how well the company is executing strategic planning

Implementation Highlights • Ease of installation, with a simpler user environment • Strong support from theimplementation partner • Straightforward integration with other information enablers, requiring minimum investment • Basis in best strategic management practices

Why SAP • Suitability for Norton and kaplanBalanced Scorecard methodology, which Banesco has adopted • Facility for aligning objectives and metrics Objectives throughout the whole organization • Give top management balanced scorecards • SaP’sstrategy of positioning itself in the for monitoring and controlling the execution performance management area of strategic planning • integration with other existing software • Record objectives,...