Win With “The Best Banking Tech of the Year” and “Best Payment Technology” awards, Engro Fertilizers has celebrated
With “The Best Banking Tech of the Year” and “Best Payment Technology” awards, Engro Fertilizers has been celebrated win for setting new standards in the fertilizer industry through the launch of various innovative and automated financing solutions in engagement with its banking partners.
It co-created Pakistan’s first-ever solution to electronically manage bank guarantees that will transform this banking process. The initiative has reduced the ordering cycle, provided customers convenience by not requiring them to make a physical visit to the bank, and enhanced corporate services.
Further, the move towards paperless operations has resulted in a favorable impact on the environment and ensured transparency and swiftness of transactions.
In the “Most Innovative Fintech Data Solution Provider” category, the company has been recognized for the group-wide implementation of the new Enterprise Resource Planning (ERP) system OneSAP, which has been endorsed as Pakistan’s largest SAP S/4 HANA digital business transformation. By leveraging this technology, the Company was able to achieve the global benchmark in financial reporting by ensuring monthly closing within 24-hours.
The OneSAP implementation has enabled the company to manage business operations remotely with flexibility for the employees, reduced operational costs, and timely and accurate flow of financial information to the Management to facilitate timely decision making.
Expressing his delight at winning the win awards, Nadir Qureshi – CEO of Engro Fertilizers – said, “It is humbling for us to have received these awards in the face of incredibly tough and distinguished competition. Guided by the Board’s vision and the persistent efforts of our team, we have been able to make a swift transition towards digital platforms to navigate the challenges of the global pandemic.
“By embracing digitization, we have improved business efficiency, customer service and set a precedent for others to follow in the industry. Going forward, we will InshAllah continue to lead the industry in setting new standards of digital excellence.”
Source Global Village Space
Arsalan Ahmad is a Research Engineer working on 2-D Materials, graduated from the Institute of Advanced Materials, Bahaudin Zakariya University Multan, Pakistan.