How Upstox acquired the expertise to deliver consistent results with Rise with SAP S/4HANA

Upstox is an online investment brand of RKSV Securities. It is a SEBI registered financial service provider. RKSV offers online stock trading, commodity trading, currency derivatives trading, mutual funds, and Demat accounts. Upstox offers a fast, reliable & easy-to-use trading platform for traders in the Indian stock market.

Before: Challenges and Opportunities 

• Need to eliminate manual account reconciliation that slows the month-end financial close process​.​
• Deploy a high-performance sub-ledger that integrates with core systems to manage large data volumes and reconcile valuations for a growing number of financial products​.​

Why SAP and SAVIC Technologies?

• Proven leader in finance, with decades of experience guiding finance transformations and industry best practices.​​​
• Established support for industry best practices for complex finance and banking topics​.
• Simplified data architecture with a common set of posting data and simplified data model delivered​ through the universal journal in the SAP S/4HANA Finance solution.

After: Value-Driven Results

• Capacity to manage significant amounts of data to accommodate nearly one million daily transactions​.
• Consistent data and fast, simple reporting – improving transparency and the user experience​.
• Simple, effective compliance management and internal controls to ensure complete and accurate data​.