FirstBank has announced plans to transition to a new cloud-based procurement and financial platform as part of its ongoing efforts to enhance operational efficiency and service delivery.
Gatekeepers News reports that the bank made the announcement as a precaution in a notice sent to its vendors and suppliers.
FirstBank noted that the transition which will begin on Saturday, October 26, 2024, may result in temporary service disruptions.
The bank wrote, “As part of the Bank’s continuous investments to improve operational efficiencies and service experience, we will be transitioning from our current Procurement and Financial Platforms to a new Cloud-based Platform that provides additional capabilities and benefits.”
“During the cut-over period, certain activities and transactions will need to be suspended to aid housecleaning and safe migration of transactions with minimal disruption.”
“The cut-over period will be from Saturday, October 26, 2024, to Sunday, November 3, 2024, while the new Cloud-based solution will be live on Monday, November 4, 2024, and normal activities will resume.”
According to the bank; vendors would be unable to submit invoices on the bank’s current Electronic Business Suite (EBS) during the transition period.
It added that payments during the transition period will only be processed if invoices are submitted for received POs by Friday, October 25, 2024.
The bank notes that its current supplier portal will no longer be in use effective November 4, adding that subsequent communication on details of the new Supplier Portal and a job card will be provided before Go-live on Monday, November 4, 2024.
It concluded, “Kindly note to take proactive steps as indicated above to avoid business disruption during this critical period. Further details regarding onboarding, training and user guides will be communicated before the end of the week.”
