Kenya’s largest privately owned bank, Commercial Bank of Africa (CBA), has partnered with Systems Applications and Products in Data Processing SAP and IZAZI Solutions, SAP’s gold business partner for the African region to build an Enterprise Resource Planning system (ERP), a data warehouse, and a real-time management information system powered by SAP Business Analytics.
Set to take over 12 months and undertaken in four phases, the software system will help the bank use improve data security and ease the ability to generate reports leading to informed and timely decision making. The data will give the bank ability to derive insights and intelligence for its daily operations.
“The ERP software would help us understand its customers and improve the way we make decisions,” said about the deal, CBA’s Group MD, Isaac Awuondo. “SAP was chosen because of its leading position as a software provider with a global footprint. SAP is also keen on understanding CBA’s customer needs and it was price competitive.”
The software will enable CBA mine huge volumes of data in real time and convert the data into information that provides insights and intelligence to the business and operations teams at a lower cost. SAP ERP seamlessly collects and combines data from the separate systems and provides the company or organisation with enterprise resource planning.
The new system will fully integrate with CBA’s core banking platform and therefore improve CBA’s financial management processes. A multi-currency environment will be supported, as well as the ability to perform consolidations across multiple entities. SAP’s innovative, efficient and stable business systems provide integrated solutions that support key business functions of an organization by managing their flow of information.