IT consulting heavyweight Accenture has picked up SKS Group, a German consultancy that specializes in modernizing banks’ technology systems.

The deal is Accenture’s biggest corporate acquisition in the banking technology consulting market. SKS has about 500 employees who support clients throughout Germany, Switzerland and Austria.

“SKS Group’s innovative solutions and skills will bolster our ability to transform banks’ core business functions, enabling them to operate more efficiently, make better use of their data and develop new products faster,” noted David Cordero, the executive who heads up Accenture’s bank consulting practice in Europe.

SKS’ primary specialty is assisting banks with the planning and implementation of S/4HANA deployments. S/4HANA is an enterprise resource planning system from SAP, Germany’s largest business software vendor.

Banks, as well as other companies, can store all their most important business documents in S/4HANA and share them across departments. The ERP system also offers a wealth of features that let companies put their business documents to use in other ways.

S/4HANA’s many features include addons that provide specialized functionality tailored for banks. That functionality enables banks to create new financial products such as credit cards, process transactions and manage their internal paperwork.

The acquisition builds upon Accenture’s already expansive partnership with SAP, the firm that makes S/4HANA. In fact, Accenture is the world’s largest provider of SAP software implementation and management services.

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