SAP BPC solution goes live at UAE Exchange allowing for automated consolidation of the entire group’s financial statements
UAE Exchange has completed company-wide implementation of SAP Business Planning and Consolidation (SAP BPC).
SAP BPC was implemented by MDS ap – a gold partner of SAP. The project is aimed at unifying planning, budgeting and consolidation of
UAE Exchange’s complex and globally distributed branches and business entities while allowing them to reduce planning cycle time, close the books faster and best align plans with the company’s strategic goals.
“SAP BPC solution implemented by MDS ap, gives us the exact essential capability to be efficient and agile in our financial management. This is of paramount importance to us especially right now as we go through the phase of restructuring the group following the recent acquisition of Travelex.” said T.P. Pradeep Kumar, CFO, UAE Exchange.
Tony Achkar, Group Managing Director, MDS ap said: “We are very happy and proud to see SAP BPC is helping raise the financial management and planning maturity at UAE Exchange, making the group ready for further global growth and greater success.”
Tayfun Topkoc, Managing Director for SAP UAE, said: “We’re continuing to co-innovate with UAE Exchange, combining our partnership with MDS ap and global best practices to ensure that UAE Exchange is one of the leading remittance, foreign exchange and payment solutions brands in the Middle East and even worldwide.”
