Case Study: National Bank of Malawi achieves real-time budgeting insights with IDU

National Bank of Malawi streamlines budgeting across 32 branches with IDU

National Bank of Malawi, a bank listed on the Malawi Stock Exchange, faced challenges with an inefficient, error-prone, and distributed spreadsheet-based budgeting process as its operations expanded. To address this, the bank engaged vendor IDU to implement its financial budgeting and reporting solution.

IDU implemented its web-based platform and seamlessly integrated it with the bank's Sage Evolution ERP system. This allowed for the direct pulling of actuals data, transforming their process into one capable of accurate forecasting and real-time financial insights. The implementation and training by IDU were so thorough that the bank required little ongoing support, resulting in greatly improved efficiency, accuracy, and transparency in their budgeting.

National Bank of Malawi