| | SAP Business Transformation Study Banking Live Oak Bank
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Small businesses ranging from veterinarians and pharmacies to craft distilleries and hotels rely on the Live Oak Banking Company for the capital and financial expertise needed to fuel their growth. Today, Live Oak Bank is one of the top originators of small business loans, with one of the strongest loan portfolios in the country. The bank is guided by executives who are industry leaders in both finance and technology – a winning combination that brings innovation and efficiency to the lending process.
To sustain its own growth, Live Oak Bank needed more transparent and collaborative planning processes, along with real-time analytics for making better decisions more quickly. By using the SAP Cloud for Analytics solution, the bank is meeting those goals ®with an intuitive software-as-a-service solution that's built on SAP HANA Cloud ®Platform for real-time business impact.
Live Oak Bank: Making Faster, Better Decisions with Real-Time Information Using SAP Cloud for Analytics®
| | SAP Business Transformation Study Banking Live Oak Bank
Increasing collaboration, transparency, and flexibilityCompany Live Oak Banking Company
Headquarters Wilmington, North Carolina
Industry Banking
Products and Services Loans, deposits, and trusts
Employees 379
Revenue ~US$95 million
Web Site www.liveoakbank.com
Objectives• Empower decision makers with real-time analytics• Enable full transparency and collaboration in planning and budgeting
processes to improve communication and decision making• Automate planning and budgeting processes with a solution that can scale
to keep pace with growth Why SAP• Strong collaborative capabilities of the SAP Cloud for Analytics solution®• Cloud-based subscription service built on SAP HANA Cloud Platform to ®
enable real-time answers• Intuitive solution for all users: analysts, management, and board members Resolution• Fully transparent budget cycle• Embedded analytics for clear visualization• Flexible process modeling that can support the planning needs of a growing
company Future plans• Use technology and analytics to uncover opportunities to grow in new and
existing markets without major investments in tools or personnel• Update board members and management teams in a more impactful
manner
GreaterTransparency into a more streamlined budgeting process
SimplerProcesses to support growth
IncreasedTime available to provide customers with quality service and business advice
( / ) Studio SAP | 41985 15 12 2015 SAP SE or an SAP affiliate company. All rights reserved.©
"SAP Cloud for Analytics was transformational. It allows real-time updates to our plans, collaboration across the organization, advanced analytics, and one-click visualization. The end-user experience was well received from our leadership team to our analysts."Stephen Hayes, Analytics Manager, Live Oak Banking Company
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