Setting a New Industry Standard for Financial Control

Industry

Technology: Banking & Insurance

Challenge

Legacy reconciliation and substantiation processes were fragmented, manual, and resource-intensive. Financial institutions urgently needed a modern, scalable solution that could deliver real-time visibility and regulatory confidence.

Results

Fixtra co-developed a standardized Financial Control product with a global provider of core financial software. The new platform automates substantiation and reconciliation at scale, setting a benchmark for how financial integrity is maintained in complex enterprise environments.

Key Product

SAP BTP development, API Developer Hub, FPSL, Financial Control

30%

Faster financial close cycles

80%

Automated reconciliation & substantiation processes

Conf.

Process cost savings through standardization

100%

Compliance-ready financial transparency

“This product sets a new bar for financial control. Fixtra’s expertise helped turn a vision into a scalable, audit-ready solution trusted by modern financial institutions.”

Not to be disclosed

Product Owner

About Customer

A global enterprise software vendor with deep roots in financial services, focused on building future-proof banking and insurance platforms. Their offerings are cloud-native, regulation-aligned, and trusted by institutions worldwide.

The Challenge

Manual reconciliation and substantiation made closing cycles long and error-prone. Regulatory requirements demanded transparent, accurate reporting—yet legacy systems lacked automation, insight, and agility.

The Solution

As a co-development partner, Fixtra contributed to the creation of a Financial Control platform that:

Integrates tightly with FPSL and SAP S/4HANA
Uses ABAP (OData APIs), RAP, and SAP Fiori/UI5
Covers:
- Balance Sheet Substantiation
- Drilldown Reconciliation
- Break Classification & Ageing
- Manual & Bulk Adjustments

"Being part of the co-development of this platform wasn’t just about delivering features — it was about embedding trust, compliance, and clarity into the financial heart of global institutions. This was more than a product. It was a standard."
— Fixtra Core Development Team

The Results

A globally scalable financial control product for regulated sectors

Reduced time and effort for closing and audit preparation

Real-time transparency and anomaly detection

Improved compliance posture across multiple jurisdictions