Brunei’s largest bank and flagship Islamic financial institution, Bank Islam Brunei Darussalam Berhad (BIBD) will integrate its business processes across the HR and enterprise resource planning functions with Ramco Systems’ Enterprise Resource Planning (ERP) integrated with full suite Human Capital Management (HCM) and Global Payroll.
This will be Ramco’s first contract in Brunei, mark its entry into the country. The company hopes to strengthen its presence in South East Asia with this deal.
Ramco will implement its ERP solution across BIBD’s branches and 900+ employees spread in Brunei’s four districts. The scope of engagement includes finance & accounting, inventory and procurement, as well as core HR functions, time & attendance, payroll, training and recruitment.
Tahir Muzaffar, head of IT, Bank Islam Brunei Darussalam, says, “This transformative project will support our push into digitising our back office operations. This is part of our overall business strategy to streamline our services and processes for our customers, partners and employees.”
Ramco will deliver digitised procurements, payments, and hire to retire functions and provide a better visibility of assets and improved productivity. The bank will now be able to offer built-in mobility and analytics to all its stakeholders.
Virender Aggarwal, CEO, Ramco Systems, says, “With BIBD, we expand into yet another new market, which holds new promise and opportunity for further growth in Asia.”
Ramco is trying to focus on innovations in usability, context-awareness, mobility, overall flexibility, apart from a comprehensive set of functionality.