Israel's Bank Hapoalim has signed a two year contract worth $4.15 million with local IT firm Ness Technologies for the supply and implementation of a SAP-based enterprise resource planning (ERP) system.
Ness Technologies, which represents SAP in Israel, says it competed against IBM and Oracle to win the Bank Hapoalim contract. EDS will serve as Ness Technologies' subcontractor for the project.
The contract includes implementation and maintenance of the SAP-based ERP system, as well as software licenses. The platform will support Bank Hapoalim's financial and logistic systems, human resources, call centre management processes and business data warehouse.
David Luzon, deputy president and CIO, Bank Hapoalim says the system "will help in business management and optimising internal processes".
Ness Technologies says the SAP system provides the basis for meeting global regulatory requirements including the Basel II Accord and the Sarbanes-Oxley Act.