JS / JS Bank Leads The Way Through Deployment Of First Ever Cloud Procurement System In Pakistan’s Financial Sector

JS Bank Leads The Way Through Deployment Of First Ever Cloud Procurement System In Pakistan’s Financial Sector

Basir Shamsie, President and CEO JS Bank Signs MOU with Umair Azam – CEO, Integration Xperts

Karachi, 14th September, 2021: JS Bank signed an agreement with Integration Xperts Pvt Ltd to deploy Oracle Fusion Cloud Procurement to leverage industry best practices and provide end-to-end procurement digitization. The system will enable JS Bank to ensure best practices in compliance and enjoy the benefits of an intuitive user experience, embedded analytics, and simplified supplier management and contracting at reduced cost and risk.

The ceremony took place in Karachi where Basir Shamsie, President and CEO – JS Bank signed the contract with Umair Azam, Chief Executive of Integration Xperts, a member of Oracle Partner Network and one of the leading system integrators in Pakistan. Key representatives at the venue included Amer Khan, Senior Sales Director – Technology Business Oracle while JS Bank was represented by Wajid Hussain Junejo – Head of Corporate Services and Kashif Iqbal – Head of Procurement.

Basir Shamsie, President and CEO, JS Bank, “This partnership is a testament to JS Bank’s commitment towards adopting technology which simplifies business operations while reducing costs and increasing transparency.”

Umair Azam – CEO, Integration Xperts, appreciated JS Bank in spearheading the way forward and commented, “Our relationship with JS Bank as a technology partner is now almost 4 years old. We have seen JS Bank always leading from the front in adopting disruptive technologies. This project is a testament where JS Bank has become the first bank in Pakistan to digitize the entire source to settle process including live auctions using Oracle Sourcing Cloud. The outcome of this project will bring transparency and speed to the entire procurement cycle across the bank.”

The collaboration for both JS Bank and Integration Experts will lead to an efficient procurement cycle across the Bank providing ease, convenience and cost saving.

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About JS Bank:

JS Bank is amongst the fastest-growing Banks in Pakistan, with both a domestic and an international presence. The Bank is a leader in the SME space and has a substantial footprint in Digital Banking and Consumer Loans. JS Bank has been recognized on multiple international and national forums, including the prestigious AsiaMoney, Asian Banking and Finance, DIGI and Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com

About Integration Xperts:

Integration Xperts is the leading Oracle Cloud partner in Pakistan and Asia Pacific. IX provides competitive edge to it customers by maximizing the potential of innovation, technology products, human capital, and industry expertise. It prides itself in delivering value to all stakeholders and symbolizes ingenuity that can be relied on and people who can be trusted ‘a trademarks of a genuine partner and what it means to experience certainty”. www.integrationxperts.com