How an ERP system can become a revenue generation source for a bank?

Hi peers,

I'm the Head of the Business Support Systems Division at a large financial organization.

I would like to hear your advice on how an ERP system can be used to become a revenue generation source in the bank, instead of being just a cost center for the FAS management?

I appreciate the help!

Vadim Yakovlev

Head of Business Support Systems Division at a financial services firm with 501-1,000 employees

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December 2025

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1 Answer

Last answered Jan 13, 2022

Evgeny Belenky

Director of Community at PeerSpot (formerly IT Central Station)

Real User

Jan 13, 2022

Hi @Veerender Kumar, @Daniel Robus, @Okay Akdeniz, @Antonio Lira and @Ayman Said,

Do you have any suggestions for @Vadim Yakovlev? Thanks!

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ERP systems streamline various business processes by integrating data and functions into a unified system. This integration helps organizations improve efficiency, make informed decisions, and optimize resource management.Many ERP solutions offer tailored functionality to suit different industries, including manufacturing, retail, and healthcare. By centralizing data and automating processes, ERP systems reduce redundancy and facilitate scalability, serving as a single source of truth for...

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