OVERVIEW
AFC is an international organization established in 2007 by a treaty between sovereign states. It was established by twin legal instruments, with all the rights, privileges and immunities conferred upon international entities.
Current member nations are Nigeria (host country), Guinea-Bissau, Sierra Leone, The Gambia, Liberia, Guinea, Ghana, Chad and Cape Verde.
It was established to help address Africa’s infrastructure development needs while seeking competitive return on capital for its shareholders
THE NEED
AFC needed increased insight for managing cash, liquidity, financial investment decisions and risk, increase organisational agility, control costs, improve margins and align execution with strategy. Above all the client needed to manage enterprise risk and compliance for optimal financial performance of audit processes, increase profitability and client satisfaction through projects that are delivered as planned.
SOLUTION
Financial processes are important to any large business especially when a company’s operations span multiple geographical borders with complex regulations to comply with, then hassle-free transactions are paramount. Our SAP implementation helped the client to optimize business processes and reduce cost. We deployed the following:
• Materials Management – Inventory Management, Procurement Governance, Risk & Compliance
• Finance & Controlling – Receivable Management, Payable Management, Cost Centre, Cost allocation, Profitability Analysis, Treasury & Risk Management
• Human Resources – Talent Management, Workforce Management, Employee & Management Self Service, Payroll, Personnel Administration & Time Administration
RESULTS
The Solution deployed helped the client to gain:
• Instant and better insight for making timely and relevant decisions
• Efficient operations, collaborative and transparent processes
• Better compliance and management of financial risk
• More accurate data
• Real time Operational Risk Management
• Overall reduction in operating cost
• Best practice processes – standardized and faster
• Inventory optimization
• Productivity gains from better alignment between finance and controlling, easier reporting, and continuous closing process
• Lower IT costs with transactional and analytical processes supported by the same software system
• Consolidated, bird’s-eye view of transactions and standardization processes
COMPETITIVE ADVANTAGE
The AFC project was delivered with 80% local consultants from SERVE.