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Organizations regardless of sector are constantly seeking solutions to a myriad of enterprise process, productivity and technology constraints, while balancing cooperate objectives, cost and quality in addressing this catch-22.
FinTrak Software Co. Ltd is a global ICT organization providing technology and business solutions to mainly financial institutions across Africa. The company is managed by 5 Executive Directors and 3 Non- Executive Directors with diverse background and competencies across banking, finance, audit, and consulting and software development. The company has a workforce of over 70 staff including over 50 software engineers.
We have successfully implemented over 100 technology solutions for various enterprises engaged in Commercial Banking, Mortgage Banking, Insurance and Manufacturing across: Nigeria, Benin, Togo, Cote D'Ivorie, Gambia, Sierra Leone, Ghana, Senegal, Rwanda, Congo, Zambia and more in progress from our business offices in Nigeria, Ghana, Gambia and Kenya.
Our core mission is to support businesses with technologies and intellectual strength required to enable them surpass their stakeholders' expectations, through strategic alliances
• Business Process Review and Improvement• Enterprise Master Data Management and Information
Governance • International Financial Reporting Standard (IFRS)
Consulting • Core Banking System – Credit Processing, Treasury
Management, Accounts Management, Correspondence Banking, Mobile Banking/ATM
• Information Management• Data Warehousing and Business Intelligence • IFRS Conversion System • Risk Management Solutions (Basel II)• CBN FSOP/FINA2 Reporting Solution • Enterprise Performance Management • Budget Planning, Processing and Control • Enterprise Resource Management System (ERMS) • Human Resource Management System (HRMS)
Services
Data Warehouse Solution (Microsoft Platform)FinTrak Business Intelligence Solution FinTrak Enterprise Performance Management SystemFinTrak IFRS Calculation EngineFinTrak IFRS Reports and DisclosuresFinTrak Enterprise Budget Processing and Control SystemFinTrak Enterprise Resource Management System (ERMS) (Fixed Asset Mgt, Fleet Mgt, Inventory Mgt, OPEX Mgt, Travel Mgt, General payments etc.)FinTrak Human Resource Management System (HRMS)FinTrak Regulatory Reporting SystemFinTrak Banking System
OTHER SOLUTIONS
CLIENTS:PERFORMANCE MANAGEMENT
GHANA
ZAMBIA
CONGO
RWANDA
SIERRA LEONE
GAMBIA
BENIN
TOGO
SENEGAL
C’IVOIRE
CLIENTS:IFRS BASED FINANCIAL REPORTING
GHANA
RWANDA
GAMBIA
Clients : Enterprise Resource Management System(Workflow Driven Paperless Back Office)
Clients :FinTrak Banking System
BACKGROUNDOil and gas companies are accustomed to runningtheir businesses in an environment of constantuncertainty and complex challenges.
However, the global economic, political and technical transformation now under way means that the energy industry must respond more rapidly, more efficiently and more sustainably than ever before. High-performing oil companies are starting to transform their businesses to meet these changes - Accenture
Many oil industry operations are faced with the complexities revolving are round their processes which have either been working for decades or new and unproven. Beyond the disruptive and time consuming nature of Business Process Reengineering (BPR) projects, the need for it is ever urgent in the oil and gas sector.
The uncertainty in the sector demands that oil and gas organizations are able to exert greater control in key areas of their operations. Whether it is managing capital projects in the upstream, establishing operational efficiency in the downstream while ensuring standard in Health, Safety and Environment, A well modelled BPM with structure to track and measure against business benefits will invariably propel organizations to achieve major growth in the sector.
WHY BUSINESS PROCESS REENGINEERING?
1. Health Safety2. Business Intelligence3. Technology
4. Competition
BPR SERVICES FINTRAK SOFTWARE WILL BE OFFERING
While many firms can provide services around elements of BPR, FinTrak Software’s combination of experience, skills, approaches, and technological depth gives us an supreme ability to generate value quickly, deliver measurable results and create durable BPR solutions.
Our BPR solutions offerings will range from process strategy and governance, through to technology aspects such as data management and process automation
FINTRAK SOFTWARE BPR VALUE OBJECTIVEFAST WINS:
Our process and functional knowledge will enable us identify areas the we can achieve seamless migration to enhanced processes and automation to ensure accelerated results
DYNAMISM:With volatile nature of the energy sector and increased government regulation, FinTrak will be delivering solutions (Both process and technology) that will be adaptable to change
UNWAVERING SUPPORTWhile we seek to deliver a comprehensive improved business process enabled with people and technology, we will also institute a process for post project monitoring and review to ensure that consistent high performance is achieved
RADICAL CHANGE TO BE EMBRACED
1.Process improvements need to become firmly rooted within the organization
2.Process improvements will not happen over night they need to be gradually introduced
3.Also assists the acceptance by staff of the change4.Process improvements must be viable and practical5.Process improvements must be realistic6.People Centred• Business Understanding• Empowerment & Participation• Organizational Culture
KEY STEPS
Select The Process & Appoint Process Team
Understand The Current Process
Develop & Communicate Vision Of Improved Process
Identify Action Plan
Execute Plan
COMMON BPR IMPLEMENTATION CONSTRAINTS
• Process Simplification is Common - True BPR is Not• Desire to Change Not Strong Enough• Start Point the Existing Process Not a Blank Slate• Commitment to Existing Processes Too Strong• Process under review too big or too small• Reliance on existing process too strong• The Costs of the Change Seem Too Large• BPR Isolated Activity not Aligned to the Business Objectives• Allocation of Resources• Poor Timing and Planning• Keeping the Team and Organization on Target