Thursday 04, May 2017 by William Mullally

MDS ap partners with Bank Nizwa

"We are very excited to have partnered with MDS ap on the SAP project for Budgeting and Planning. It has taken our financial planning capability into a new era. In today’s market, it is imperative for our bank to stay agile to quickly adapt to changing market conditions. With the SAP platform in place, our finance team has now the ability to quickly plan and budget according to our business needs as well as to proactively plan for different scenarios in advance at a very granular level,” said Khaled Al Kayed, CEO of Bank Nizwa.

MDS ap, a regional leader in SAP Enterprise Performance Management (EPM) solutions, a member of EPM International, has announced that Nizwa Bank has implemented a platform for Budgeting Planning and Forecasting using SAP BusinessObjects Planning and Consolidation (SAP BPC) and SAP BusinessObjects Dashboards – through MDS ap to transform its financial planning processes.

"We are very excited to have partnered with MDS ap on the SAP project for Budgeting and Planning. It has taken our financial planning capability into a new era. In today’s market, it is imperative for our bank to stay agile to quickly adapt to changing market conditions. With the SAP platform in place, our finance team has now the ability to quickly plan and budget according to our business needs as well as to proactively plan for different scenarios in advance at a very granular level,” said Khaled Al Kayed, CEO of Bank Nizwa.

”The implemented system has helped our team move away from excel based budgeting and forecasting and delivered automation, integration, more control and better transparency across key departments and cost centres. Nizwa Bank is now able to save time, reduce operational costs and ensure our teams meet compliance requirements.” Khaled adds.

 

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