In the future, the online broker Flatexdegiro will consistently rely on the cloud and AI in order to remain sustainable and innovative. At the beginning of next year, the SAP S/4HANA Cloud Public Edition will replace the previous SAP Business Bydesign.
Flatexdegiro, based in Frankfurt am Main, is a rapidly growing European online broker with full banking license. Almost 3.2 million customers in 16 European countries carried out almost 63 million transactions with a volume of around 300 billion euros in 2024.
The processing and safety of these amounts of data places high demands on IT and process landscape. Now Flatexdegiro will transform its financial processes with SAP S/4HANA Cloud Public Edition. The employees Dr. Thomas Lindner and Niklas Grimm in the SAP podcast with the podcast hosts from “Financial Services on the Road”. Lindner is responsible for the division Group Finance and Regulatory Reporting as a division board. As Executive Director, Grimm is responsible for the areas Group Controlling and Cloud ERP.
Already in 2017 with SAP Business Bydesign in the public Cloud
In summer 2017, the company decided to switch from the very individualized on-premise ERP solution used so far. “Away from the solution that was specially tailored to us,” reports Grimm. We had heard of a SAP suite in the box solution in which public cloud, innovative and multi-Ledger capable, “says Lindner. With SAP Business Bydesign we went into the public cloud-with all IT-technical, technical and regulatory questions that were at the time.” It was a very exciting journey at the time. “
The changeover took place in just six months, which required a lot of effort and weekend work. “We needed a cloud-mindset in the company,” says Lindner. The step was unusual for a financial service provider at the time, but offered the company new opportunities for flexibility and scalability.
After the introduction of SAP Business Bydesign, the company has continued to grown – both in terms of the number of employees and the complexity of the systems and integrations. In 2020, Flatex AG at that time acquired the Dutch Degiro and has successfully extended the existing Cloud ERP landscape to the European locations of the flatexdegiro.
Introduction of SAP S/4HANA Cloud Public Edition
With growing company and new requirements (better UI, more performance, future topics such as AI and scaling) it became clear that the next technology jump was necessary. The decision was made after discussions with SAP on the Sapphire 2024 and possible implementation partners to find the best solution as part of a tender.
The convincing UI of the SAP solution Successfactors also played a role, the now introduced cloud-based SAP solution for Human Capital Management. Lindner: “She liked our employees very much. SAP Business Bydesign then seemed to have Old Fashioned. So we almost overtook ourselves,” he says.
The standardization already available by SAP Business Bydesign enabled to easily integrate updates and new features and to keep the IT landscape waiting.
“The step into the cloud had already changed the Mindset in the company in 2017 and is now preparing the soil for future innovations. However, we have a much more complex system today.”
Niklas Grimm, Executive Director of the Group Controlling and Cloud ERP areas at Flatexdiro
Flatexdegiro has chosen SAP S/4HANA Public Cloud because it offers innovation and scalability, higher speed and more efficiency. The company is faced with the next major IT transformation: the change together with the implementation partner Becomecloud from Ettlingen is planned for the beginning of next year.
AI functions and advanced analyzes
AI becomes a central topic of the future, especially in accounting – for example in the automation of document processing. “AI agents act together. AI changes everything, dealing with the technology with technology,” says Lindner. “But we must not overwhelm the employees.” It is important to take and train everyone.
The online broker wants to use real-time data processing, AI functions and advanced analyzes, drive growth, automate recurring tasks and improve decision-making processes.
Manual workarounds should be brought back to the standards. Embedded analytics and AI provide more insight into the data. Real-time dashboards contribute to faster and more informed decisions, which enable operative and strategic control with direct feedback from the current figures.
Focus on end customers
“As a flatexdiro, we want to become Europe’s leading platform for asset structure. Ultimately, our customers should feel that our assets are safely kept with us and that their transactions are carried out safely because our technology is stable,” says Lindner.
“At the same time, we want to further improve the usability of our apps for the end customer. We contribute to the financial and administrative processes with the SAP S/4 HANA Cloud Public Edition.”
Dr. Thomas Lindner, area board of the Group Finance Division and Regulatory Reporting at Flateexdegiro
With the introduction of the SAP S/4HANA Cloud Public Edition, Flatexdegiro succeeds:
- Real-time transparency about complex financial data
- Automation of time -eating routine work
- AI-based analyzes for depth, immediately usable insights
- Higher efficiency and full integration into the existing system infrastructure
- Full scalability with strong growth
Interesting facts about the flatexdegiro
With the claim to be the leading platform for asset structure in Europe, flatexdegiro currently supports more than three million customers in 16 countries. The company keeps a fortune of around 75 billion euros and handles an average of more than 60 million securities transactions per year for its customers.
FlateXDEGIRO offers access to the trade in around 50 stock exchanges in Europe, North America and in the Asian-Pacific region over three brokerage platforms-Degiro, Flatex and Vitrade. The customer target group are active and well -informed traders who act without investment advice.
With vitrade, flatexdegiro also uses particularly active traders. The brokerage and the banking business connected to the securities trade run via Flatexdegiro Bank AG, a subsidiary with a full banking license. FlateXdegiro has proprietary technology with very high availability along the entire value chain and thus set standards for platform and service quality.
Cover picture: Copyright Flatexdegiro
