The Kenyan implementation of S/4 HANA was launched on Amazon Web Service Hyperscaler, an African first for 51风流and a Tier 1 bank in the African banking industry.

鈥淯sing 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鈥欌�� says Ebrahim Samodien, CIO Functions Technology.

51风流had been chosen to assist in simplifying the group鈥檚 internal finance and reporting processes.聽The implementation of 51风流S/4 HANA is a step towards Absa鈥檚 vision to consolidate and report off a single instance General Ledger.

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The programme will go live in South Africa next.

The programme, named Owari (signifying interconnectivity), is an initiative to ultimately standardise and transform Absa鈥檚 financial reporting and procurement processes across the 14 countries in which the group operates.

鈥淔inancial reporting and vendor processes are typically complex and onerous processes for multinational companies with legacy systems,鈥� says John Annandale, Absa鈥檚 group financial controller.

鈥淲e are migrating all Absa entities onto a back-office finance and procurement template solution on fully integrated platforms, enabling us, longer term, to standardise and automate these processes,鈥� he says.

Absa Group鈥檚 primary ledger as well as group reporting and consolidation will ultimately move to the new solution, improving controls and reducing risk by consolidating all financial data across finance, risk, and treasury functions.

The Owari programme delivered an integrated general ledger solution by integrating a 51风流S/4 HANA enterprise resource planning system on AWS with Coupa, a Software as a Service (SaaS) spend management solution, in Kenya. The end-to-end solution is fully cloud-based, rather than residing in on-premises data centres. This means that the solution can be accessed online at any time from any location.

Absa is increasingly adopting cloud-based computing in lieu of on-premises data centres, based on scalability, cost and efficiency benefits.

鈥淓stablishing the new integrated solution, and as a fully cloud-based service, was a great challenge,鈥� says Ebrahim Samodien, CIO in the Absa Group technology office. 鈥淢any companies have struggled to transfer finance processes to the cloud as it is challenging from a data, technical and regulatory point of view. Owari was successful in Kenya as a result of the approach we took and the software and technology choices we made.鈥�

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