Starting this September: Bank Discount's massive project gets underway

The IT company ONE Technologies has been selected to lead a large-scale project at Bank Discount, within which an advanced cloud-based ERP system from software giant SAP will be implemented. The project, which will get underway this September and is scheduled to go live in January 2028, is intended to support all aspects of the business activity of the bank and its subsidiaries.

The strategic move is based on SAP's Autonomous Enterprise solution (SAP S/4 HANA system in the Rise version). The system will allow the bank to manage complex processes using advanced AI agents and smart automations, will provide real-time data analysis capabilities, and will create a unified picture of reality for all business units.

Adi Kaplan, head of the technology division at Bank Discount, stated:

"The transition to an SAP system in the cloud is a significant and large-scale move that reflects Discount's commitment to leading in innovation. Implementing the system, led by ONE, will allow us to unify and streamline cross-organizational business processes while adopting advanced AI capabilities."

Amit Tal, VP at the ONE Technologies group, added:

"The AI revolution is also affecting the ERP market and encouraging leading organizations to adopt innovative technologies to maintain a competitive advantage. We are confident that adopting the latest technologies will allow the bank to continue to lead in the coming years."

As recalled, Discount recently entered into a partnership in the energy and national infrastructure sector, when the bank's investment arm, Discount Capital, deepened its cooperation with the Aluma infrastructure fund. Discount Capital will inject a total sum of approximately 94.5 million shekels in two parallel deals, intended to incentivize the fund's expansion in the energy and national infrastructure sector.