EC News DeskMoU expands GBM’s global partnership offering for regional enterprises to streamline operations through AI and analytics
Gulf Business Machines announced Memorandum of Understanding with Numa Solution Sdn Bhd, from Malaysia, supporting enterprises advance their Digital Transformation through better understanding of their data. The MoU was signed on the back of the Malaysia Digital Economy Week. The signing ceremony was hosted by YB Tan Sri Datuk Seri Panglima TPr Annuar Haji Musa, Minister of Communications and Multimedia of Malaysia and Malaysia Digital Economy Corporation.
The partnership is built on GBM’s proven leadership in digitally accelerating diverse industries such as FinTech and Oil and Gas, and expanding on its legacy of bringing the latest technologies from global partners to the region. Through this partnership, GBM will support the roll-out of specific pre-built models on IBM Planning Analytics with Watson, an AI-infused, continuous integrated planning solution which will provide enterprises with a performance management modelling tool for planning, budgeting and forecasting. The pre-built models will include IFRS9, IFRS16, Fund Transfer Pricing, Financial Consolidation in banking, activity-based costing for healthcare and Hydrocarbon Fiscal Analytics for Oil & Gas, among others.
“Digital resiliency and agility have become essential to navigate the unique challenges organizations face nowadays. CEOs are tasked with ensuring their organizations are able to operate in a dynamic business environment and as such, are constantly on the search for technologies and solutions that enable and support this need. Through our MoU with Numa Solution, we are excited to offer more enterprises and industries access to advanced technologies which will streamline and integrate financial and operational planning across an enterprise value chain.”, said Amr Refaat, CEO of GBM
Cherif Morcos, Vice President of Digital Business Solutions at GBM added, “The use of the right technologies such as Artificial Intelligence (AI) and Analytics is intrinsic to enhancing the operations of a company. Through such technologies, enterprises can apply data insights to their daily decision-making processes, and these technologies also play a big part in establishing their digital resiliency through challenging times. We are confident that our partnership with Numa Solution will enable us to support more clients across the region with advanced business solutions that allow for deeper insights and increased efficiencies across multiple functions.”
“We are excited with this partnership with GBM. Together we bring to the marketplace ready to deploy analytics solutions infused with the best practices from organization to support their analytics and decision-making needs.” said Azhim Hadi Daud, Managing Director of Numa Solution Sdn Bhd.
