The bank intends to use the mySAP ERP application to consolidate its domestic ledgers onto a single platform in order to simplify its operating model and reduce expenses.
Scott Pankoff, chief technology officer of global finance technology at JPMorgan Chase, commented: The SAP solution will help us better analyze our financial and business performance.
JPMorgan Chase has assets of nearly $1.2 trillion and serves US consumers as well as corporate, institutional and government clients.
