Ecobank Transnational Incorporated signs up InfoWARE ERP to deploy across Africa

Ecobank Transnational Incorporated signs up InfoWARE ERP

Ecobank Transnational Inc. (ETI), is the leading pan African banking group in Africa with a presence in more African countries than any other bank. They currently operate in 39 countries around the world, and a presence in 36 sub-Saharan countries. ETI provides a full range of wholesale, retail, commercial, investment and transaction banking services and products. Ecobank Capital (EDC) caters for treasury, corporate finance and investment banking, securities and asset management solutions to corporate and governmental customers.

As of December 2012, ETI’s customer base was estimated at 13.7 million, with 9.6 million (70.2%), located in Nigeria, the continent’s most populous nation. At that time,

the group’s total assets were valued at US$20.0 billion, with shareholders’ equity of US$2.176 billion. The bank had 19,565 employees, in 39 countries, in Africa, Asia and Europe, at the end of March 2014.

EDC Securities is well positioned to grow revenues and expand market share by combining their broad product offering with a growing pan African presence and therefore needed a software solution that could automate and streamline their business processes across all branches while creating long term savings.

The ERP selection process was not just about wants and want-nots from the various people in the organization. It was about getting a solution that will not just be functional for the present but for the future. The bid process was highly competitive
with top ISVs from Europe and India and it spanned over 2 years. ETI created a committee of seasoned experts and consultants to effectively and thoroughly scrutinize the proposal evaluation process. The team looked at critical factors such as customer retention, Customer referrals, support, industry experience and product demonstration of the bidders involved. This involved multiple presentations by bidders while the committee cross verified the credentials, eligibility and credibility of the bidders.

At the end of the rigorous process, an unbiased resolution was reached to adopt InfoWARE ERP Brokerage solutions across its branches across Africa. InfoWARE ERP beat other top ISV vendors from Europe and India to emerge the optimal solution to
handle EDC Securities Stockbrokerage business across West and East Africa. Not all ERP vendors are created equal; With InfoWARE ERP, you are not just buying software; you are also buying into a vendor and company culture of dedication, innovativeness
and an unmatched track record of performance that provides you a feeling of partnership. Our goal is to make your business more efficient, intelligent
and profitable because you certainly deserve more!

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