Walldorf, Nov. 24, 2021 - bancon, the global SAP Financial Services and data transformation company, today announces its expansion into Singapore, India and surrounding Asia Pacific nations. The new entities will join the existing four bancon hubs in Germany, United Kingdom, South Africa and Slovakia to further enable international connectivity and provide key infrastructure to support its growing, global client base.
The foundation of Singapore marks a strategic milestone for the group, enabling them to extend their reach and capitalize on the growing demand for specialist SAP services in the Asia Pacific region. Through deep knowledge of SAP technology and the financial services industry, clients in Asia Pacific will now have access to locally based expertise in the area SAP Finance, Data Management and Core Banking transformation.
As part of this expansion, bancon have also opened a new offshoring hub in Bangalore, India, bringing a new dimension to their delivery capability at a time when financial institutions are looking for more economically efficient solutions to transform their IT estate.
The Asian entities will be overseen in the interim by Brad Jarrett, Global Director Financial Services at bancon, who together with the wider leadership team will begin building the team throughout Q1 2022.
Brad Jarrett, Global Director Financial Services, comments, ‘’As financial institutions continue to modernize, they look to market leaders such as SAP to give them a base of which they can build on. The ever-growing SAP presence in Asia Pacific has led to an increase in locally based clients requiring an experienced pair of hands to support them on their SAP journey which is exactly what our Singapore entity allows as to do. Supporting Asia Pacific based clients is not new for us, however our new Singaporean base gives us the bandwidth, presence, and even greater understanding of the local and surrounding nations to scale and meet the challenges of tomorrow head on.’’
Jörg Mauelshagen, Co-Founder and Group Director of bancon comments, “Helping clients to navigate complex business transformation has been our priority from day one, so being able to further extend our support those in Asia Pacific, through deep SAP knowledge and sector know-how is a proud moment for us.
‘’Our Indian delivery hub has been a plan long in the making and one that is fundamental in our continued success and ability to scale further. We’ve been able to make an immediate impact, serving two existing long-term clients, blending our onshore team in mainland Europe, with our India based expertise. Accessing talent had become increasingly difficult in our clients’ respective regions. Coming into Q4, budgets were tight and the programs risked facing delivery delays. However, by expanding the bancon team with those from our offshore hub, we’ve increased capacity for our clients while maintaining budget control.
When asked about the significance of the groups new offshoring capability, Brad Jarrett commented, ‘’Cost pressures, along with lack of access to talent are challenges that have been amplified over the past 20-months, and we felt strongly that it’s one we need to mitigate for our clients. Our India base gives us access to a huge pool of talent, while at the same time, allowing us to be more dynamic with our pricing strategy. It’s win/win. What has been clear throughout the planning of this expansion is we must not reduce quality. bancon is renowned for having some of the most experienced consultants in our industry outside of SAP itself, and we’re dedicated to maintain that credibility by hiring only the best in these new regions.”