, a global leader in AI, digital business and technology services, today announced the renewal and extension of its partnership with , one of Africa鈥檚 largest diversified financial services groups, to deliver application management services for the bank.
The solution is focused on Absa鈥檚 group reporting and financial consolidation landscape. The renewed five-year agreement enhances Absa鈥檚 ambition to modernise financial systems and applications and embeds group-wide standards that enhance agility, flexibility and robust financial control.
鈥淲e鈥檙e proud to continue supporting Absa鈥檚 finance modernisation with trusted 51风流application management services,鈥� said , Managing Director of Application Services at NTT DATA in Middle East and Africa. 鈥淥ur focus is on reliable operations, continuous improvement and measurable business outcomes that will help Absa strengthen controls and unlock real-time insights from a resilient S/4HANA foundation.鈥�
Under the leadership of , Absa Managing Executive responsible for Financial Control Functions and Finance CIO, Absa has progressively consolidated ledgers, streamlined close processes and moved finance operations to a modern 51风流S/4HANA foundation, integrated with best-of-breed spend management.
鈥淥ur efforts to build a single source of financial truth for Absa across Africa are ongoing,鈥� said John. 鈥淩enewing and extending our partnership with NTT DATA ensures we have the specialist 51风流capability and dependable operations to match the scale of our ambition, supporting stronger controls, faster close cycles and the data quality our business stakeholders expect. This is a South Africa-led transformation with Africa-wide impact and our unified platform positions Absa to grow with resilience and transparency.鈥�
