ERP systems for banks

ERP (Enterprise Resource Planning) — is a strategic IT system that integrates the management of internal bank processes: from budgeting and procurement control to HR and electronic document management.
In the context of digital transformation, ERP systems allow banks to develop operationally without increasing the administrative burden, while enhancing control, decision-making speed and reporting quality.

Key ERP modules for the bank:

• Purchase, contract and tender management
• HR, salary, vacation management (HRM)
• Financial planning, budgeting and accounting (FP&A)
• Accounting for material assets and logistics
• Coordination of documents and internal processes (Workflow)
• Internal control and budget execution analytics

Main departments using ERP:

• Financial department (CFO) - owner of financial modules, budgeting and control;
• Operational unit (COO) - contract management, internal services and logistics;
• HR department - personnel management, payroll, hiring and adaptation;
• Purchasing service - tender support, warehouse accounting;
• Legal department - contract and template support;
• Internal control and audit - transparency and monitoring;
• IT department - support, setup, integration.

System owners:

• CFO (Chief Financial Officer) — key owner of financial and budget modules,
• COO (Chief Operating Officer) — owner of the administrative part,
• CIO/CTO (IT Director) — responsible for technological implementation and support.