Diligent technology teams partnered with client teams to co-create and implement technical solutions supporting ongoing business strategies. Selecting and evaluating new technologies, defining product development road maps, identifying testing strategies, and implementing to delivery excellence were key components of the successful project. Multiple technologies were involved and end-customer experience was a key priority that was diligently followed resulting in accelerated feature releases and cost savings in terms of on-boarding technical expertise.
About KWSP EPF
Employees Provident Fund commonly known by the acronym EPF is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia.
- EPF wants to implement Financial consolidation, Budgeting & Forecasting and Disclosure management.
- Systematic budgeting & forecasting process across all EPF Branches, Departments and Divisions.
- Preparing Annual budget by adopting simplified budget process for Budget preparation and Budget monitoring.
- Readily available Ministry of Finance (MOF) report with recent changes in Budget.
- Finance Department wants track zero based budget with different level of Approval with less IT involvement.
- Fetch Actuals from SAP ECC to SAP BPC to Auto-Generate Business As Usual and reference for Zero based budget.
- MOF report with latest changes in Budget to submit to Ministry of Finance.
- Powerful Business Process flow with guided workflow functionality and multi level online Approval.
- Integrates with SAP ECC to SAP BPC to extract real time transfers for Budget Monitoring.
- Enabled Budgeting in Multi currency with possible option to increase in FX rates.
- Process Monitoring including Administration, Security, Locking of Period, Version.
- Auto-Generate Business As-Usual budget using Actual which is extracted from SAP ECC.
- Business owns Budgeting platform with optimal requirement from IT.
- Auto calculated KPIs (Budget Vs Forecast Accuracy and Cost Savings) by SAP BPC to eliminate human error.
- Seamless Integration with SAP ECC to extract Actuals and latest Budget which helps as reference for Budget in real time.
- Budget monitoring with real time transfers from SAP ECC for Finance Department to control the Budget.