NSSF boosts its efficiency
14 December 2012, 14:34
Social security provider, National Social Security Fund (NSSF) has integrated a new Information Technology solution to its operations to boost its organizational efficiency.
As part of NSSF’s strategic efforts to streamline its operations, the Fund has activated a new KES 300 million SAP Enterprise Resource Planning (ERP) solution to facilitate real time management across its core business functions.
Speaking in Nairobi, NSSF Managing Trustee Tom Odongo confirmed that the new SAP ERP has been activated at the fund’s head office and is progressively being rolled out across its branch network countrywide.
Among other benefits, the new ERP system is expected to play a key role in the realization of NSSF’s pledge to reduce its member benefits payout turnaround time less than five working days.
The new SAP ERP platform while providing an overall picture on the Fund’s performance, Odongo said will significantly help in raising integrity and plugging organizational leakages.
The new system he added will also play a key role in helping cut the Fund’s administrative costs as it gears up for its corporate conversion into a Social Security (Pension) or (social insurance) Scheme.
With the activation of the new SAP ERP system, NSSF will now manage to efficiently deal with business challenges in areas such as Finance, Human Resource Management and its core Operational functions such as Tenant Purchase Scheme Management, members funds management, projects and fleet management.
“NSSF is a Fund valued at more than Kshs 116 billion and cannot afford to continue operating using inefficient and sometime obsolete accounting information systems,” Odongo explained.
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