Absa Group has renewed and extended its partnership with NTT DATA in a five-year agreement aimed at supporting the bank’s financial systems built on SAP S/4HANA. The collaboration will focus on delivering application management services for Absa’s group reporting and financial consolidation landscape.
The renewed partnership supports Absa’s broader effort to modernise its financial systems and applications while embedding group-wide standards that improve agility, flexibility and financial control across its operations. By continuing to run its finance environment on SAP S/4HANA, the bank aims to enable faster financial close cycles, improve data quality and deliver real-time insights for decision-making.
“We’re proud to continue supporting Absa’s finance modernisation with trusted SAP application management services,” said Lauren Wortmann, Managing Director of Application Services at NTT DATA in Middle East and Africa. “Our focus is on reliable operations, continuous improvement and measurable business outcomes that will help Absa strengthen controls and unlock real-time insights from a resilient S/4HANA foundation.”
Absa has been progressively consolidating ledgers and streamlining financial processes as part of its finance transformation strategy. Under the leadership of John Annandale, Absa Managing Executive responsible for Financial Control Functions and Finance CIO, the bank has been working toward building a unified finance platform across its African operations.
“Our efforts to build a single source of financial truth for Absa across Africa are ongoing,” said Annandale. “Renewing and extending our partnership with NTT DATA ensures we have the specialist SAP capability and dependable operations to match the scale of our ambition, supporting stronger controls, faster close cycles and the data quality our business stakeholders expect.”
The initiative is part of a South Africa-led transformation programme designed to support Absa’s operations across the continent, providing a unified financial platform that can support the bank’s long-term growth while maintaining transparency and resilience.
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