Absa Extends Partnership with NTT DATA to Modernize Financial Systems

NTT DATA,  a global leader in AI, digital business and technology services, announced the renewal and extension of its partnership with Absa,  one of Africa’s largest diversified financial services groups, to deliver application management services for the bank. The solution is focused on Absa’s SAP S/4HANA group reporting and financial consolidation landscape. The renewed five-year agreement enhances Absa’s ambition to modernise financial systems and applications and embeds group-wide standards that enhance agility, flexibility and robust financial control.

“We’re proud to continue supporting Absa’s finance modernisation with trusted SAP application management services. 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.”

– Lauren Wortmann, Managing Director of Application Services, NTT DATA in Middle East and Africa

Under the leadership of John Annandale, Absa Managing Executive responsible for Financial Control Functions and Finance CIO, Absa has progressively consolidated ledgers, streamlined close processes and moved finance operations to a modern SAP S/4HANA foundation, integrated with best-of-breed spend management.

“Our efforts to build a single source of financial truth for Absa across Africa are ongoing. 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. This is a South Africa-led transformation with Africa-wide impact and our unified platform positions Absa to grow with resilience and transparency.”

– John Annandale, Managing Executive, Absa