September 17th, 2021
Karachi: Gani & Tayub (G&T) Group, country’s leading group with companies across different sectors including Synthetic & Rayon and Power Generation, has embarked on an enterprise level digital journey with implementation of SAP for all areas of their operations including banking and finance. Accordingly, after thorough evaluation Meezan Bank’s Transaction Banking solution eBiz+ has met G&T’s highest standards for host-to-host connectivity with SAP for payments and collections.
An agreement was recently signed by the management of respective entities represented by Mr. Rizwan Diwan – Executive Director and Mr. Shabbir Diwan – Executive Director from G&T Group and Mr. Muhammad Abdullah Ahmed – Group Head, Corporate & Institutional Banking and Mr. Muhammad Saqib Ashraf – EVP & Head Transaction Banking from Meezan Bank at G&T Tower, Karachi.
As per the agreement, Meezan Bank will provide its state-of-the-art Transaction Banking Solution (eBiz+) for payments and collections to the subsidiaries of G&T Group including Gatron (Industries) Limited and Novatex Limited that will ensure efficient cash flow management and ease of reconciliation.
At this occasion, Mr. Rizwan Diwan shared G&T’s ambition for developing G&T as a digital conglomerate signified by the implementation of SAP and appreciated Meezan’s contribution as a banking partner in such an initiative.
Mr. Abdullah Ahmed commented: “As one of the major players in the industry, Meezan Bank is focusing largely on delivering innovative cash management solutions to commercial and corporate businesses in Pakistan. The addition of G&T Group to our portfolio is a monumental opportunity to offer streamlined cash flow processes and effectively automating transactions.”