Postbank has transferred the management of its 17 million savings accounts to the new SAP “Deposit Management” program. The migration went without a hitch. “The new software represents a significant extra component for our transaction platform,” emphasized Dirk Berensmann, member of the Management Board responsible for Operations and Transaction Banking at Deutsche Postbank AG. Postbank is the first large German bank to use consistently the standard software in its core banking area. “This provides us with significant cost benefits. Standardization not only keeps the actual software costs in check, it also forces us to adopt lean banking processes,” said Berensmann. The newly introduced software will enable Postbank to bring new savings products to the market more quickly at lower development costs.

The migration represented a major challenge for staff responsible for IT at Postbank: More than EUR 40 billion is invested in Postbank savings accounts. Over 17 million deposit accounts and around 70 million transaction items had to be transferred to the new system. In order to make the migration as smooth as possible for customers, a test bank, in which four hundred staff prepared for the launch of the new software, was set up and run for several weeks in Leipzig. Just under 3,000 staff are trained in the use of SAP software.

 
In implementing "SAP Deposits Management", Postbank’s core banking system has come a long way. In 2003, the Bonn-based bank migrated the management of its customer master data and checking accounts to SAP. The company’s lending accounts followed in 2004.