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SAP Multi-Bank Connectivity SOC 1 (ISAE3402) Audit Report 2019 H2

The scope of this SOC report includes SAP Multi-Bank Connectivity is hosted in SAP SE's data center St. Leon–Rot, Germany as well as in the co-location Frankfurt, Germany.

SAP Multi-Bank Connectivity is a Software-as-a-Service (SaaS) solution running on SAP Cloud Platform. It connects banks and other financial institutes with their corporate customers through a secure network owned and managed by SAP. This network offers a multitude of services over a single channel, all the while supporting the deployment of new ones. As key benefits, the MBC solution automates financial transactions, reduces payment rejection rates, eases reconciliation, and provides enhanced visibility to the involved corporate treasury. It combines SAP expertise in applications, analytics, and in-memory computing to provide a standardized and innovative technology for financial institutions and their corporate customers through a platform that accommodates future integration needs.

SOC 1 reports specifically address service organizations internal control over financial reporting and controls specified by the service provider. The SOC 1 reports are intended solely for the information and use of existing user entities (for ex. Existing customers of the service organization), their financial statement auditors and management of the service organization. SOC 1 reports are prepared in accordance with Statement on Standards for Attestation Engagements (SSAE) No.18, a new guidance that the auditors use to conduct a SOC 1 engagement. SOC 1 Type 1 covers management’s description of a service organization’s system and the suitability of the design of controls at a specific point in time, whereas a SOC 1 Type 2 also includes the operating effectiveness of controls for a dedicated period of time.

SAP Multi-Bank Connectivity has regularly prepared SOC 1 Type 2 audit reports by an independent 3rd party accountant. This version of the report covers the audit period 1. May 2019 to 31. October 2019 and the location St. Leon–Rot, Germany as well as in the co-location Frankfurt, Germany.

The use of these reports is restricted. A copy of this report is available for all SAP Cloud Platform customers who had productive and had financially-relevant systems during the audit period covered by the report.

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