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.
Business Intelligence is optimized when you harness the collective human intelligence across an organization.
The 4th Annual Qlik Session 2019 mainly focused on AI (Augmented Intelligence) and Data Literacy. The way these two concepts are connected is that Augmented Intelligence and machine learning basically find and highlight new insights for users, increasing data literacy and trust, thus empowering the data user.
This year’s event was conducted in Karachi and Lahore with sessions designed to share Global Data Analytics trends and discussions on how Augmented Intelligence can impact Corporate decision making. In addition, there were informative and interactive booths and a live demo session showcasing the latest releases and technologies of Qlik including Cognitive Engine, Data Catalyst and Insight Bot.
Data Literacy was a hot topic this year. Attendees were able to assess their literacy skills during the event and understand the steps they would need to take to Be Data Brilliant.
The event included CXOs from top Multinationals and Government bodies as well as those professionals affiliated with Data Analysis and Business Intelligence. The guest client speakers on board were from different industries of renowned companies such as Byco Petroleum, Punjab Information Technology Board and Taar Consulting. They shared deep insights regarding Qlik as well as unique perspectives about Augmented Intelligence and Data Analytics.
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.
Pakistan Microfinance Investment Company Limited (PMIC) is registered as an Investment Finance Company under NBFCs regulations with Securities and Exchange Commission of Pakistan (SECP). It is setup jointly by, Pakistan Poverty Alleviation Fund (PPAF), Department for International Development (DFID) through Karandaaz Pakistan and the German Development Bank (KFW). PMIC currently has a loan portfolio of more than PKR 20 billion in 65 districts of the country, which comprises of 86% women borrowers and 55% of the portfolio is deployed in the rural areas. The purpose of the Organization is to improve financial inclusion, employment and well-being of the poor by providing wholesale financing to the micro-finance service providers in the country.
PMIC provides financial and institutional services to strengthen and scale-up provision of sustainable and responsible access to finance to individuals, micro-entrepreneurs and micro-enterprises in Pakistan to enhance employment and income opportunity for economically poor and under-served citizens to improve the lives of the poor. Through the SAP S/4 HANA platform, PMIC will be able to ramp up its ability to serve its partners, beneficiaries and the communities at large.
TallyMarks Consulting delivered a guest lecture on Data Literacy at Skans School of Accountancy ACCA Campus in Lahore. The purpose of the interactive lecture was to make the bright accountancy and business students aware of the fact that data is getting generated in a huge volume every passing minute.
We need tools that store, analyze and process the data in order to have meaningful information out of it, that helps greatly in the decision making process. We shared with the participants that after spending a lot of time on the nuts and bolts of the analytics marketplace, we as Tallymarks Consulting harbor the view that the users should be empowered to load and build analytics with simple drag-and-drop simplicity. The participants were made aware of the fact that they do not require in-depth technical knowledge in order to analyze and visualize huge reams of data as Qlik (A data analytical BI tool) uses its strong and integrated cognitive and associative models to facilitate the business analysts to come up with the required analysis. The participants were also made aware of the fact that without generating the right kind of analysis what we get is only information, not intelligence.
Therefore; in order to create a meaningful analysis, people should become data literate which means that they should gradually develop the ability to read, understand, create and communicate data as information. We concluded the session by highlighting in front of the participants the mission we are on and the goal of a data literacy program, which is to improve everyone’s ability to read, work with, analyze and argue with data. In order to meet our defined goal, we shared several techniques with the participants in order to help them in becoming data savvy.
Do you want us to visit your institute or organization? Contact us now or visit Qlik Academy Website.
TallyMarks Consulting & Qlik Pakistan arranged an informative guest lecture at Suleman Dawood School of Business (SDCB) LUMS. We equipped the students of the best business school of Pakistan to use the Data Analytics skills in order to identify Audit Risk and reduce it to an appropriately low level. The guest lecture also involved the identification of Audit Risks in Sales, Inventory & Procurement Areas. One of the main objectives of the lecture was also to make students aware of the fact that the data analytics skills would play a pivotal role in re-engineering the Audit Profession in the future.