Brunei's Largest Bank, Bank Islam Brunei Darussalam Berhad (BIBD) Goes Live on Ramco ERP

Bandar Seri Begawan / Chennai - October 23, 2018

Bandar Seri Begawan, BRUNEI DARUSSALAM / Chennai, INDIA – October 23, 2018 – Global enterprise software specialist, Ramco Systems announced the successful go-live of its Enterprise Resource Planning (ERP) Suite at Brunei’s largest bank and flagship Islamic financial institution Bank Islam Brunei Darussalam Berhad (BIBD), to integrate business processes and planning across entire organisation.

The project, which marked Ramco’s entry into Brunei, involved automation across multiple departments, ensuring seamless flow of information. Ramco ERP software now automates and optimises BIBD’s purchasing, procurement, inventory and finance functions across 17 branches, benefiting more than 900 employees.

Tahir Muzaffar, Head of Strategic Projects, Bank Islam Brunei Darussalam, said, “The digitisation of our back-end operations and manual processes is a significant step forward enabling us to streamline our services and workflows. We can now easily reconcile payments and authorise transactions on the go. With the ERP, we look forward towards providing our stakeholders a truly modern banking experience with the improvements of offerings.”

Commenting on the go-live, Virender Aggarwal, CEO, Ramco Systems, said, “We are glad to have improved Brunei’s leading financial institution digital capabilities with comprehensive, mobile-friendly back-end infrastructure solutions. Our successful partnership with Bank Islam Brunei Darussalam is another achievement for us that cements our position as one of Southeast Asia’s most reliable and innovative cloud enterprise software providers.”

Ramco ERP has been delivering significant innovation, cost savings, and superior business processes to global organisations. Ramco’s focus on usability, context-awareness, mobility, overall flexibility and comprehensive functionality has enabled smooth technological transitions for customers.

About Bank Islam Brunei Darussalam Berhad:
BIBD is the largest financial institution in Brunei Darussalam, leading the market in terms of assets, financings, and deposits.

BIBD is headquartered in Bandar Seri Begawan with fifteen branches and the largest network of ATMs located strategically in all four districts of Brunei Darussalam.

BIBD was ranked 38th in terms of Soundness (Capital Asset Ratio) in the top 1,000 World Banks by “The Banker” in 2016. BIBD is one of the safest banks in the world and is given an impressive credit rating of A- by Standard & Poor’s in 2015, the highest for a Bruneian bank and among the highest in the region, which was reaffirmed in 2017. BIBD has been named the “Best Retail Bank in Brunei” by The Asian Banker in six years in a row from 2013 to 2018, one of the best banks in the Asia-Pacific by Global Finance for 2018.

For more information on any of BIBD’s other products or services, please log on to the BIBD website at www.bibd.com.bn, visit your nearest BIBD branch or get in touch with the BIBD Contact Centre at 2238181.