Callataÿ & Wouters, a provider of core banking and multi-channel distribution solutions, today announced that Delta Lloyd Bank has selected "Thaler on SAP" to replace its general ledger accounting system.
The implementation will see Delta Lloyd Bank, a retail and private bank in Belgium, extend its current deployment of Thaler, Callataÿ & Wouters' flagship banking system, beyond core banking. Thaler, with embedded SAP accounting and data warehousing functionality, will enable the bank to improve its internal reporting capabilities and better meet regulatory requirements.
Delta Lloyd Bank first went live with Thaler in 2004 to manage its securities, lending and payments processing. In 2007, the bank began its selection process for an integrated platform that could also replace its existing accounting system, and improve the efficiency and accuracy of its accounts reconciliation process. In addition, it sought to extend its core banking system to support its deposits, loans and treasury operations. Based on the strength of the existing relationship and the satisfaction with the benefits obtained so far, the bank turned to Callataÿ & Wouters and signed the deal for the enhanced deployment of Thaler in June 2008.
In 2007, Callataÿ & Wouters signed a strategic deal with SAP to deliver Thaler on the SAP platform and integrate it with SAP's solutions for finance and risk management. The bank will implement SAP's general ledger, bank analyser and business intelligence components, which are pre-packaged with Thaler, along with Thaler's modules for deposits, loans and treasury processing. With an integrated end-to-end solution, the bank will benefit from a full audit trail from general accounting to operational data, consistency and traceability of data across the whole banking application and effective support for strategic decision-making.
Thaler is a scalable core banking system that includes functionality for deposits, loans, securities, treasury and payments as well as multi-channel distribution modules. It is designed to run either as an end-to-end solution, covering the entire range of core banking activities, or on a modular basis to support individual lines of business.
SAP and Callataÿ & Wouters bring together the strength of SAP's flexible and agile platform and analytical banking solutions along with the expertise and capabilities of Callataÿ & Wouters, providing banks with a solid IT foundation.
Martin Brichet, COO, Delta Lloyd Bank, says: "Having run Thaler for the past four years, we've already seen strong improvements to our back office operations. The strength of the combined Thaler and SAP offering along with the success of our existing relationship made Callataÿ & Wouters a natural partner in implementing the next phase of our technology plans. Using this best-of-breed approach, we will have the combined technology required to further improve operational efficiencies and better support our strategic decision-making and future growth plans."
Karl Kesselring, vice president OEM Sales & Partner Management, Global Banking Line of Business, SAP Labs, LLC., says: "Thaler on SAP will provide Delta Lloyd Bank an extended reach of its platform that will help them to gain competitive advantage, control costs and maintain customer satisfaction."
Marc De Groote, CEO, Callataÿ & Wouters, adds: "This is our first taker for 'Thaler on SAP' following the signing of our partnership deal and it's a real endorsement of the strength of our combined offering. With the two best-in-class solutions, firms such as Delta Lloyd Bank can access complete and powerful functionality covering the entire back office suite, including finance and risk management, in a single integrated package."