Khushhali Microfinance Bank Limited, the largest microfinance bank in Pakistan are stepping towards a digital world with TallyMarks Consulting, who are SAP Certified Gold Partners in Pakistan. Khushhali Microfinance Bank have signed with TallyMarks Consulting to acquire Audit Management System by SAP. This acquisition aims to boost the quality and effectiveness of audit process at KMBL and help them to automate internal auditing procedures and improve quality with this audit management software.
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.
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, Executive Director TallyMarks Consulting, SAP MENA representatives and Internal Audit representatives.
The demand for Cloud computing is rapidly growing in Pakistan. Companies are realizing it is expensive for them to maintain their own IT infrastructure.
PTCL, TallyMarks Cloud, Wateen Cloud, and Rapid Compute are the only Cloud hosting providers whose data centers are physically present within the boundaries of Pakistan. In order to help you select the best cloud hosting service, we have compiled a comprehensive list of important features that you should consider before making a decision.
Sandboxing is a software management strategy that isolates applications from critical system resources and other programs. It provides an extra layer of security that prevents malware or harmful applications from negatively affecting your system.
Micro-Segmentation is a method of creating secure zones in data centres and cloud deployments that allows companies to isolate workloads from one another and secure them individually. It’s aimed at making network security more granular.
Two-factor authentication is an extra security check where a user has to provide another passcode using the provided key generator or encrypted App on their phone. Generation of random number every time as a second password makes systems impenetrable.
Advanced threat protection is a security solution that would defend the data center against sophisticated attacks such as malware, ransomware and hackers. This system is a combination of threat protection systems and agents to correlate alerts and manage defenses.
Endpoint detection and response is an emerging technology that addresses the need for continuous monitoring and response to advanced threats. One could even make the argument that endpoint detection and response is a form of advanced threat protection.
SOCor Security operations centres is a facility that houses an information security team responsible for monitoring and analyzing a data center’s security position on an ongoing basis. The SOC team’s goal is to detect, analyze, and respond to cyber-security incidents using a combination of technology solutions and a strong set of processes.
Web applications firewall filter and monitor HTTP request between your web application and public internet. For companies hosting their cloud application for customers this is a very integral security check. It typically protects web applications from attacks such as cross-site forgery, cross-site-scripting (XSS), file inclusion, and SQL injection, among others.
Blockchain uses the data centre in a different manner. It does not use a central server, it is distributed among decentralized servers instead (hundreds, thousands or even hundreds of thousands of servers or computers). These are often referred to as nodes and master nodes. Every full node contains a full copy of the entire blockchain history.
SIEMor Security Information and Event Management is a solution that aggregates and analyzes activity from many different resources across your entire IT infrastructure in a data centre.
Overview of Providers:
A semi-government body PTCL (Pakistan Telecom Company Limited) has one of the largest data centers in Pakistan in terms of size. They host data of government organisations and their own mostly.
The size and multiple locations of the data centre are where PTCL data centres excel. However, as with any government organization, bureaucracy and red tape is the norm which means that working with PTCL can be hectic due to unnecessary paperwork and slow human processing of requests.
A private organisation having its data centre in Pakistan. They provide IaaS (Infrastructure as a Service) for Enterprise Cloud application with complete Managed Services and Disaster Recovery Services (DRaaS). Their vast experience in implementation of enterprise applications in SAP, Qlik and Oracle gives them an edge in Initial Setups, Migrations and Support services.
As a private company, you can sign a Service Level Agreement with them which opens doors to negotiations and saves the client a lot while not compromising on costing.
Wateen private company have launched their data centre after years of experience as one of the leading internet providers. They have experience in Implementation and managing ERP system of telecommunication of their own company. However, Wateen support team has recently conveyed that they do not provide data center services even though they have an operating webpage.
Rapid Compute is a company by Cybernet. Cybernet is an ISP provider in Pakistan with years of experience in the management of ISP server. Some solutions provided by RapidCompute such as Call Center, VoIP and others are outstanding. They also offer Enterprise Class public cloud computing platform.
The physical location of infrastructure is one prime factor that enterprises overlook when selecting a cloud hosting provider. The ongoing trend is to simply opt for big names in the market who lure you in with eye-catching facts. Especially in Pakistan, one tends to place blind trust in a western product or service. This blog covers how that can be a big mistake for your company, we are carefully explaining in detail the main factors you should consider when selecting your cloud services provider.
Latency: Enterprise Application data could be coming into your server on a daily basis by thousands of users. Not only the size of this data is huge, but in some cases, the system network gets clogged when every user starts sending data and requests at one particular hour. Computation power, network delay and memory size can play a vital role in that hour to keep the system up and running while giving a seamless experience to users and customers. In simple terms, latency is the delay between the user’s and system’s correspondence. Greater the distance, the more the delay. Other aspects can be improved with better or costly infrastructure, but latency is highly dependent on physical distance. Tests performed in Pakistan for latency show that cloud infrastructure located outside the country can have a delay of more than 350% compared to cloud infrastructure located within Pakistan (without any use of VPN). When dealing with colossal amounts of data this is a lot.
Data Privacy: This factor isn’t given much importance in Pakistan because as of now the law is not strict regarding this. However, a new bill for data protection is being drafted (https://www.dawn.com/news/1455963). If this goes through, customer-centric companies will need to be diligent about data privacy laws. By having data within the boundaries of Pakistan, such companies can give a sense of control to their customers over their data that it is safeguarded by their countries law.
Physical Backup: A cloud service provider has multiple locations where they store copies of their data. Having a cloud infrastructure provider in Pakistan gives the enterprise an edge. They can simply arrange for a hard backup of their data and collect it on disk if needed, while still maintaining multiple soft backups at different locations.
Support: 24/7 support is a common phrase that any service provider uses but having support in the same time zone can prove to be a huge relief for your team. When it comes to large scale enterprise applications, support can be provided even by mobilizing a team to the physical location of the cloud infrastructure in case of upgradation or migration.
Setup: Setting up cloud hosting initially can be a pain, especially when the company does not want to manage it on their own. Managed cloud service decreases your cost majorly. To have a smooth migration you can opt for a service provider that can guide your team onsite. Local companies allow you to include this in the SLA (Service Level Agreement). This approach is faster and safer because no one wants to do RnD on new systems and they would rather leave it to the experts.
Cost: Hosting enterprise application on cloud can be cost-effective. But the organizations which have unique requirements for particular types of costly servers, this limits them from opting for cloud hosting. There are companies in Pakistan who can buy these servers and provide a very cost-effective monthly plan for their customers so that they don’t have to spend a large amount of cloud infrastructure in a single go.