Take a look at Our Clients

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Reem Finance

Reem Finance provides customized financing solutions that allow clients to broaden their portfolios through backed financial scale-up. It is committed to excellence in its service delivery through knowledge-driven customized solutions and timely execution. The company offers a solid foundation to support its clients' business needs.

We deployed IFRS 9 (Estimator 9) successfully in Reem Finance and we are calculating ECL(EAD x PD x LGD) on monthly and quartly baises. Our Expected Credit Loss model ensures accurate assessment and provisioning for potential credit losses, providing a robust foundation for financial reporting.

Web Link: https://reemfinance.ae

AARO

AARO is a self-financed, privately owned company that today has 150 employees in Stockholm, Malmö, Gothenburg, Kalix, Riga, Nairobi and Dubai. AARO was founded with the vision of making consolidation in both larger and smaller groups simpler, faster, and more transparent. After developing and refining our product for 35 years, we now offer a complete system that covers the needs of group reporting, group accounting, consolidation, and analysis work.

AARO is white-labeling our software as AARO Estimator 9 (IFRS 9 expected credit loss) and implementing it for their prestigious clients worldwide. Estimator 9 facilitates seamless integration of financial data, ensuring accurate risk assessment and compliance with IFRS 9 standards. Together, we are shaping a future where financial decisions are informed, strategic, and optimized for success, setting new standards for excellence in the microfinance sector.

Web Link: https://aaro.com/en/about-us/

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PMIC

Pakistan Microfinance Investment Company Limited (PMIC) is a national-level apex institution for microfinance providers in the country. PMIC is registered under Section 32 of the Companies Ordinance 1984 as amended by Company's Act 2017 and has been licensed under rule 5 of the non-banking finance company (establishment and regulations) Rules, 2003 as amended through S.R.O. 1002 (I)/2015, to undertake or carry out Investment Finance Services.

Pakistan Micro Finance is one of our prestigious client who is using our product Estimator 9 (ECL in IFRS 9). Our partnership is rooted in empowering their financial operations with precision and efficiency. Estimator 9 facilitates seamless integration of financial data, ensuring accurate risk assessment and compliance withIFRS 9 standards.

Web Link: https://pmic.pk/about-us/

Sindh Bank

Sindh Bank Limited was established on October 29, 2010 with seed capital of Rs.10 billion, wholly subscribed by the Government of Sindh. It commenced full-scale banking business in April 2011 and within just seven years, emerged as one of the fastest growing commercial banks in Pakistan, having established 330 on-line branches spread across 169 towns and cities of Pakistan. Out of these, 14 branches are dedicated to Islamic Banking.

We successfully installed IFRS 9 (Estimator 9) in Sindh Bank. With Estimator 9 , Sindh Bank transforms its financial operations into a seamless and efficient process. The software's capabilities facilitate precise risk assessment and adherence to IFRS 9 standards, ensuring the bank's financial reporting is both accurate and compliant. Our partnership with Sindh Bank reflects a shared commitment to elevating financial practices and embracing innovation for sustained success in the banking industry.

Web Link: https://www.sindhbank.com.pk

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SAFCO Microfinance Company (Private) Limited

SAFCO is a leading Non-Banking Microfinance Company in Sindh, with a Gross Loan Portfolio of PKR 4.3 billion and a strong client base of nearly 130,000 active clients. This collaboration aims to enhance financial reporting and risk management standards across the industry.

We're eager to support SAFCO and deliver exceptional IFRS 9 (Estimator 9) service as we embark on this exciting journey together.

Web Link: https://safcomicrofinance.com.pk

JINGLECRED

We are excited to announce the successful integration of Jinglecred Digital Finance Limited with our IFRS9 solution, demonstrating significant market demand and compliance with key regulatory standards, including SBP and SECP guidelines. This strategic onboarding with Munsalik Digital (Pvt) Ltd, in partnership with FineIT (PVT) Limited, is set to enhance innovation in Pakistan's microfinance sector. We anticipate further growth and developments as we continue to transform the financial landscape.

Web Link: https://www.jinglecred.com/#/home

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SRSP Microfinance Services

We are proud to announce our partnership with SRSP Microfinance Services, which has successfully integrated our advanced IFRS9 solution. This collaboration adheres to crucial regulatory standards, including SBP and SECP guidelines, and is driving significant advancements in Pakistan's microfinance sector. We look forward to continued innovation and setting new industry benchmarks together.

Web Link: https://aw1.srsp.org.pk/site/

HDFC Life

HDFC International Life and Re was incorporated in Dubai in 2016 under the Dubai International Finance Centre (“DIFC”) Companies Law No. 2 of 2009 under registration number 2067 and is regulated by the DFSA.

We successfully installed IFRS 9 (Estimator 9) at HDFC Life. With Estimator 9, HDFC Life transforms its financial operations into a seamless and efficient process. The software's capabilities facilitate precise risk assessment and adherence to IFRS 9 standards, ensuring the company's financial reporting is both accurate and compliant. Our partnership with HDFC Life reflects a shared commitment to elevating financial practices and embracing innovation for sustained success in the insurance industry.

Web Link: https://hdfclifere.com

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Vision Investment Limited

Vision Investments Limited (VIL) is a public listed company and amongst the first three largest companies on the Fiji Stock Exchange with a market capitalization of approximately USD210m. VIL has diversified business operations including Retail, Automotive, Industrial, Renewables, Manufacturing and Finance

We installed IFRS 9 at Vision Investment Limited to establish principles for the financial reporting of financial assets and liabilities that will present relevant and useful information of financial statements for their assessment of the amounts, timing and uncertainty of an entity's future cash flows.

Web Link: https://www.vil.com.fj

Future Pipe Industries

Future Pipe Industries (FPI) is a global leader in composite piping systems, catering to industries like Oil & Gas, Water, and Industrial sectors. We implemented IFRS 9 at FPI to establish a reliable framework for financial reporting, ensuring accurate assessment of financial assets and liabilities while providing actionable insights into future cash flow projections.

Web Link: https://futurepipe.com/

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Arabian Industries

We provided IFRS 9 services for Arabian Industries to establish a robust framework for the financial reporting of assets and liabilities.

Additionally, our Estimator 9 solution ensures accurate cash flow projections and enhances their financial risk management, aligning with international compliance standards.

Web Link: https://arabian-industries.net/

Al Sulaiman Group

We provided IFRS 9 services for Al Sulaiman Group to enhance the financial reporting framework for their diverse business operations. Using our Estimator 9 solution, we ensured precise cash flow projections and effective credit risk assessments, supporting their compliance with international financial standards.

Web Link: https://alsulaimangroup.com/

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Abunayyan Holding

We provided IFRS 9 services for Abunayyan Holding, a leader in water, power, and energy solutions, to enhance their financial reporting framework.

Our Estimator 9 solution was implemented to deliver precise credit risk assessments and cash flow projections, ensuring compliance with international financial standards. This collaboration supports Abunayyan Holding in maintaining transparency and accuracy in their financial statements, enabling better decision-making and efficient risk management for their diverse business operations.

Web Link: https://abunayyanholding.com/

Kashf Foundation

We provided IFRS 9 services for Kashf Foundation, a pioneering microfinance institution, to strengthen their financial reporting and risk assessment framework. By implementing our Estimator 9 solution, we ensured accurate credit risk evaluation and reliable cash flow forecasting, aligning their financial practices with international standards.

This initiative supports Kashf Foundation's mission of empowering underserved communities by enhancing transparency, efficiency, and compliance in their financial operations.

Web Link: https://kashf.org/

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Thardeep Microfinance Foundation

We worked with The Miracle Foundation (TMF) to implement IFRS 9, enhancing their financial reporting framework to meet global standards.

Our Estimator 9 solution enabled precise credit risk analysis and improved cash flow forecasting. This tailored approach ensures TMF maintains robust financial transparency, empowering them to optimize resources and sustain their community-focused initiatives effectively

Web Link: https://tmf.org.pk/

CSC Empowerment & Inclusion Programme

We collaborated with CSC Empowerment & Inclusion Programme to implement IFRS 9, ensuring their financial reporting processes meet international standards. By utilizing our Estimator 9 solution, we provided accurate risk assessments and enhanced cash flow predictions.

This initiative supports CSC in maintaining financial integrity and transparency, enabling them to focus on their mission of empowering communities and driving social inclusion.

Web Link: https://www.cscpk.org/

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