Case Study: Raiffeisenlandesbank Oberösterreich AG (RLB OOE) achieves faster, harmonized financial reporting with SAP

How does an intelligent, integrated finance architecture support growth for financial companies

Raiffeisenlandesbank Oberösterreich AG (RLB OOE), Austria’s fifth-largest bank, faced inefficiencies from a customized IT landscape made up of multiple programs and growing complexity in financial accounting and regulatory reporting. To modernize its finance operations, RLB OOE turned to SAP, using SAP S/4HANA Finance, SAP S/4HANA for financial products subledger, and SAP ActiveAttention services.

SAP implemented a fully integrated finance platform with a single user interface, harmonizing processes across more than 110 affiliated companies and integrating subledger, general ledger, and core ERP data. The result was significantly faster financial closings and timely legal reporting, with the solution processing 560,000 contracts per day and helping RLB OOE achieve its performance goal for accelerated regulatory reporting.

Raiffeisenlandesbank Oberösterreich AG (RLB OOE)

Reinhard Schwendtbauer

Chief Financial Officer