DGAP-News: adesso SE / Key word(s): Incoming Orders/Contract 
adesso supports Bausparkasse Schwäbisch Hall to expand its core banking IT system in the credit sector 
2021-03-01 / 07:33 
The issuer is solely responsible for the content of this announcement. 
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adesso supports Bausparkasse Schwäbisch Hall to expand its core banking IT system in the credit sector 
Bausparkasse Schwäbisch Hall has engaged the IT service provider adesso for a sub-project in the context of ongoing 
work to update its IT systems. The project will see adesso support the building society to develop an SAP-based 
application for its core banking business as a first-time lender. A first release of the system developed by adesso has 
already gone live, with the second release programmed to go live in autumn 2021. The Hamelin-based firm Quanto AG, 
which strengthened the adesso Group's portfolio by joining it in December, is also subcontracting on the project. Their 
cooperation on this flagship project for the German finance sector underscores the potential of the merger to enhance 
the adesso Group's further development of SAP activities. 
Bausparkasse Schwäbisch Hall has opted to transform its core banking system, supporting processes related to its core 
lending business with the established SAP for Banking platform. The IT project aims to develop a future-proof, 
SAP-based core banking system as the standard system to replace the building society's existing host-based 
infrastructure. A standardised software system configuring processes across the whole life cycle of building society 
contracts and loans will enable Bausparkasse Schwäbisch Hall to improve efficiency in the future. Bausparkasse 
Schwäbisch Hall's core banking project is currently one of the largest core banking projects in Germany's financial 
services sector to use SAP for banking. 
The sub-project entrusted to adesso will develop, tailor and implement the new SAP-based credit system. adesso is 
responsible for all phases of system development, from the technical concept, design and software development and 
testing through to troubleshooting and warranty provisions. Particular attention is being paid to the module for the 
'Prolongation' process, which handles the extension of credit contracts. 
As an experienced service provider to banks and insurance companies, adesso has extensive sector expertise in matters 
of core product development, as well as project management and implementation of bespoke SAP solutions. With around 300 
SAP experts, the adesso Group is one of the largest German SAP advisors in the core financial services and utilities 
sectors. This number is set to grow to around 500 in the near future in line with promising market opportunities, above 
all in the dynamic and growing SAP S/4HANA market, but also thanks to adesso's role as a leading player in the core SAP 
sector. 
 
adesso Group 
With about 4,500 employees and annual sales of EUR 449.7 million in 2019, adesso Group is one of the largest German IT 
service providers with outstanding growth opportunities. At its own locations in Germany, other locations in Europe, 
Turkey and the USA as well as at numerous local customers adesso offers consulting and software development services 
for optimising core business processes. adesso also offers ready-to-use software products for standard applications. 
The development of an own, industry-specific product portfolio opens up additional growth and earnings opportunities 
and is another key element of the adesso strategy. In 2020, adesso was awarded the title of the best employer of its 
size in Germany across all industries. After having already achieved first place among IT employers in 2016 and 2018, 
adesso was ranked first again in 2020. 
Contact: 
Martin Möllmann 
Manager Investor Relations 
Tel.: +49 231 7000-7000 
E-Mail: ir@adesso.de 
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2021-03-01 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      adesso SE 
              Adessoplatz 1 
              44269 Dortmund 
              Germany 
Phone:        +49 231 7000-7000 
Fax:          +49 231 7000-1000 
E-mail:       ir@adesso.de 
Internet:     www.adesso-group.de 
ISIN:         DE000A0Z23Q5 
WKN:          A0Z23Q 
Listed:       Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange; London 
EQS News ID:  1171644 
 
End of News   DGAP News Service 
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1171644 2021-03-01

(END) Dow Jones Newswires

March 01, 2021 01:34 ET (06:34 GMT)