On the Internet in particular, we are seeing a marked increase in gloomy predictions for economic developments in the near future. Whichever scenario you think is the most likely, a few things can already be described as “set”.
We started our FPSL-journey on this blog with a post that gave a brief and general overview of SAP S/4HANA for financial products subledger as a product (What is SAP FPSL?).
The purpose of this article is to analyze the possibilities and modes of action of the measures taken by the states and the central banks.
Part 1 of the article series focused on the impact of the goods market shock on the financial sector, specifically on expected credit losses. The second part dealt with the question of how this affects private households and what impulses from the demand perspective.
The effects of the lockdown are now being felt not only in personal day-to-day life, but also in the economic numbers.
The Covid 19 virus has dominated our daily lives for quite some time now. Every individual and every company has had to experience the force and intensity with which the pandemic has hit us.
There has not been such a decline in the real economy since the oil price shock in 1973 and the financial crisis starting in 2008. Probably, the situation is without precedent even since the end of the Second World War.
All sectors of the economy are challenged to respond to the current Corona crisis. As a consulting company specialized in IT-related consulting for banks and insurance companies, we at ADWEKO have thought about how we can support our customers in this situation.
A classic first step in approaching the topic of “S/4 Conversion” is to conduct a preliminary study. On the part of ADWEKO, we have the privilege to accompany some of our customers exactly in this early phase.
As a premium partner for SAP software solutions in the Financial Services (FS) area, the international market is an important field of activity for ADWEKO.