OREANDA-NEWS. April 20, 2010. The leading system integration company in Azerbaijan – AZEL has presented new core bank system for banking sector PROGRESS Financial Solution based on SAP NetWeaver technology platform. Presentation of the new system was held at the AZEL Company’s booth during Banking and Finances.

"AZEL Company accomplished great work on integration of PROGRESS system into SAP NetWeaver technology platform. New system received certificate SAP Certified Powered by SAP NetWeaver, – has noted Igor Yakovenko, Chairman of Supervisory Board, AZEL. SAP NetWeaver technology platform enable new business processes to respond quickly to changing business requirements and to increase company’s competitiveness.  PROGRESS powered by SAP NetWeaver helps to evolve existing IT infrastructure into a more cost-effective platform that improves efficiency, insight, and flexibility. The platform enables the company to consolidate systems, applications, and data to simplify the IT environment and reduce operational costs, freeing resources to focus on strategic, innovative solutions”. Igor Yakovenko expressed its gratitude to SAP AG Company for support provided in development and certification of the new integrated solution for banking sector PROGRESS Financial Solution.

Being the modern universal banking solution,  PROGRESS Financial Solution contains all rules, reports and settings necessary for work in the banking sector of Azerbaijan. System is constantly developing and all changes in the legislation and requirements of the Central Bank of Azerbaijan Republic are reflected in the system at the proper time.   

PROGRESS powered by SAP NetWeaver offers new opportunities for realization and optimization of business processes,  enables the company to build management processes and ensures task management control at the all stages. System consists of the following components PROGRESS-2020, SAP BusinessObjects, SAP CRM. This solution is more economical and reasonable in compliance with foreign analogues.  As it was noted integration of PROGRESS Financial Solution into SAP NetWeaver is confirmed by the certificate issued by the central office of SAP AG in Walldorf (Germany) on March 10, 2010.