aYo Holdings, an African insurtech, has taken the next step in its continuing technological transformation by implementing a cloud-based enterprise resource planning (ERP) system to support its ambitious growth goals across the continent.
MTN owns 100% of aYo, which has more than 16 million customers using its microinsurance products in Uganda, Ghana, Zambia, and Côte d’Ivoire. Its goal is to become Africa largest financial services technology platform by providing a range of affordable and accessible micro-financial services.
The company-new Oracle NetSuite ERP system replaces its previous on-premise solution, which struggled to keep up with the demands of a growing organization.
What To Know About aYo Holding’s New Enterprise System
According to aYo CFO Adrian Kloke, the deployment will provide the control, agility, and cost-effectiveness that the company requires to sustain its rapid expansion and seize new market opportunities.
“Having a single unified cloud-based platform that is adaptable and adaptive for our current business needs will improve our overall business operations.” From a scalability standpoint, NetSuite will also help us standardize operations, improve business insights, and serve our clients more efficiently, thereby enhancing future saleability,” Kloke added.
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The implementation was carried out by Linked ERP, an Oracle NetSuite Solution Provider with a proven track record of assisting organizations in migrating from old software to the NetSuite ERP platform.
“Businesses may support increased growth, expansion, and profitability by digitizing business processes with scalable and secure business management systems.” Carel Bouwer, MD of Linked ERP, said, “aYo has built a robust cloud platform that will provide the visibility and control needed to fuel growth and enhance business resilience.”
The Results So Far
aYo move to the cloud has already resulted in a major redesign of the company’s technical backend and data management strategy.
It switched to a cloud data warehousing model last year, adopting Snowflake as a solution, in order to better grow and use large volumes of consumer data.
“As our customers move to a world where financial services are easily accessible via mobile phones and transactions are transacted via apps and other channels,” Kloke said, “we need to respond with a platform business model that will allow us to scale quickly while cost-effectively managing material volumes of nano transactions.”
About aYo Holdings
aYo brings you an easy way to get hospital cover and life cover. Simply register on your mobile phone for aYo Recharge with Care and get a minimum of 30 days’ aYo Cover every time you load MTN airtime. You can also add aYo Send with Care cover to the money you send home through MTN Mobile Money.