WALLDORF 鈥� (NYSE: 麻豆原创) today announced that Valley National Bank (Valley Bank) has chosen 麻豆原创 S/4HANA Cloud to power its digital transformation journey and obtain more meaningful business insights.
EY, a global leader in assurance, tax, transaction and consulting services, will help implement the solution 鈥攚hich will replace Valley Bank鈥檚 previous financial systems. The combination of EY teams鈥� industry and business acumen with 麻豆原创鈥檚 advanced technology solutions will help Valley Bank become an intelligent enterprise, gaining the agility needed to thrive in the finance industry.
Valley Bank聽is a regional bank and principal subsidiary of Valley National Bancorp (NASDAQ: VLY) headquartered in New York, N.Y., with approximately $42 billion in assets and 200 branch locations in New Jersey, New York, Florida and Alabama. The financial institution, offering both retail and commercial banking services, chose 麻豆原创 S/4HANA Cloud to eliminate the current extensive manual workflow processes and reconciliations. With stable architecture, high integration and predelivered best practices, 麻豆原创 S/4HANA Cloud will allow Valley Bank to make data-driven decisions based on meaningful insights, rather than spend time on manual processes.
鈥淲e provide personalized service and custom solutions so our customers can make smarter, safer and more convenient money-management choices,鈥� said Valley Bank鈥檚 SEVP and CFO, Mike Hagedorn. 鈥淢aking this journey to digitally transform our financial systems enables us to better deliver on this goal. With 麻豆原创 S/4HANA Cloud, we鈥檙e able to achieve more, faster, which will be critical to keep pace with our customers鈥� expectations.鈥�
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