Absa
Group has joined forces with SAP for a core finance transformation. A
multi country digitisation journey has started with the Absa Groups’
Kenyan subsidiary S/4 HANA implementation being the first country to go
live with SAP S/4 HANA
The Kenyan implementation of S/4 HANA was launched on Amazon Web
Service Hyperscaler, an African first for SAP and a Tier 1 bank in the
African banking industry.
“Using best of breed technology and cloud, we are transforming our
Finance business with highly integrated systems, automation and
consolidation of our financial data and reporting’’ says Ebrahim
Samodien, CIO Functions Technology.
SAP had been chosen to assist in simplifying the group’s internal
finance and reporting processes. The implementation of SAP S/4 HANA is a
step towards Absa’s vision to consolidate and report off a single
instance General Ledger.
SAP S/4 HANA will help Absa to intelligently automate manual
processes, simplify their data models, guide decision making process
through embedded analytics and machine learning.
It will also improve the bank’s IT TCO by enabling legacy system decommissioning and moving compute resources into the cloud.
The SAP services teams in collaboration with Absa’s IT team
commenced the S/4 HANA project as part of Programme Owari in May 2020.
The programme was implemented using a combination of on-site and remote
delivery consisting of SAP colleagues from EMEA South and, SDC India and
Europe.
“We are delighted to have joined forces with Absa on their finance
transformation. Absa are innovating and leveraging further insights into
their core operational processes. This project also highlights the
quick time to value realisation our customers are achieving through
S/4HANA implementations and the associated benefit of the embedded
technology capabilities. This journey between Absa and SAP is an
excellent example of the power of collaboration in digital
transformations” concludes Cathy Smith, MD SAP Africa.
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