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Pakistan Microfinance Investment Company Limited (PMIC) journey towards digital transformation with SAP & TallyMarks Consulting

Abdul Haseeb TallyMarks SAP

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.

Pakistan Microfinance Investment Company (PMIC) has officially kick started its journey towards digital transformation in partnership with SAP Pakistan & TallyMarks Consulting. This Kick-Off ceremony marks the start of the implementation of SAP S/4HANA & TRM automating the following business functions:

  • Treasury & Risk Management
  • Finance
  • HR
  • Procurement
  • MF Plus

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.

Click to view SAP Services and SAP S/4HANA Platform details

Data Literacy Workshop at SKANS School of Accountancy

TallyMarks Consulting Qlik SKANSTallyMarks 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.

Data Analytics Lecture at Suleman Dawood School of Business (SDSB) LUMS

Qlik data analytics at Suleman Dawood School of Business (SDCB) LUMSTallyMarks 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.