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THURSDAY, NOVEMBER 26, 2009
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PREMIUM NEWS ARCHIVE

B of A-SAP Deal Seen as Sign of New Reg Climate.(Bank of America Corp. and SAP AG)

Article from: American Banker Article date: April 30, 2008 Author: Bills, Steve

Bank of America Corp. is preparing to overhaul it general ledger systems, a major technology investment that several analysts said was likely a response to increasing regulatory pressure on banks to provide details of their financial condition.

SAP AG of Walldorf, Germany, plans to announce today that B of A has signed a contract to use its enterprise resource planning system to provide financial reporting for management, legal, and regulatory purposes.

Robert Hunt, a senior analyst at TowerGroup, an independent research ...

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