Absa Bank, SAP Partner to Implement its Reporting Processes

Absa Bank has partnered with SAP, a technology company, to implement a core finance transformation.

Absa Group has joined forces with SAP for a core finance transformation.

The group has started with Absa Bank Kenya to implement the  S/4 HANA, the first country to go live with SAP S/4 HANA.

The 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.

implementation of SAP S/4 HANA is a step towards Absa’s vision to consolidate and report off a single instance General Ledger.

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SAP S/4 HANA will help Absa to intelligently automate manual processes, simplify their data models, guide decision-making processes through embedded analytics and machine learning. 

It will also improve the bank’s IT TCO by enabling legacy system decommissioning and moving to 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 is innovating and leveraging further insights into its 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,” concludes Cathy Smith, MD SAP Africa.

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Distributed by African Media Agency (AMA) on behalf of SAP Africa.