KMBL signs accord with SAP to acquire audit management system

KARACHI: Moving progressively towards the digital world, Khushhali Microfinance Bank Limited (KMBL), the largest microfinance bank in Pakistan, announced Monday that they have signed an agreement to acquire Audit Management System by SAP. This acquisition aims to boost the quality and effectiveness of audit process at KMBL.

SAP is one of the largest blue chip technology company in the world. Its Audit Management System solution is capable of handling complete audit process / lifecycle – data collection, risk assessment, audit planning, execution, reporting, and follow-up. The system is also able to support all types of audit i.e. operational audit, IT audit, and management audit which will assist KMBL in elevating the overall audit impact with technology based insight into business risks. The system will be implemented by TallyMarks (TM), technology consultants, who are SAP Certified Partners in Pakistan.

On the occasion, KMBL CEO, Ghalib Nishtar shared his views, “KMBL is steadily taking initiatives towards becoming digital and acquiring Audit Management System by SAP is a step in that direction. I believe this will streamline the process of passing an audit and surely increase business operations efficiency and customer satisfaction at KMBL.”

The signing ceremony was attended by CEO and senior management team of KMBL, MD TallyMarks, SAP MENA representatives and Internal Audit representatives.

Khushhali has long partnered with leading companies to digitalize its operations for enhanced customer experience. Last year, Khushhali Microfinance Bank (KMBL) entrusted C Square to deploy Contact Center/CX Solution by Genesys and Avantage CRM, which is one of the best rated solutions globally.