About BFC
Bahrain Financing Company (BFC) is the leading Money Transfer and Currency Exchange Company in the Kingdom of Bahrain. BFC started in 1917, trading in gold bullion and continually growing their services when in the 1970’s they entered the remittance market, giving the fast growing expat community the opportunity to send their hard earned money home. BFC are licensed by the Central Bank of Bahrain and now specialize in global money transfers, foreign exchange and wholesale currency services.
In 2008, they became part of BFC Group Holdings W.L.L, after Bank Alkhair, the Islamic Financial Services Group, bought a controlling stake in BFC in Bahrain, Bahrain Exchange Company (BEC) in Kuwait and BFC Exchange Limited (formerly known as EzRemit Limited) in the United Kingdom.
Since then, due to great success, BFC Group has grown its retail operations even further, opening up BFC Forex & Financial Services PVT Ltd (BFC Forex) in India and BFC Exchange Malaysia Sdn.Bhd. (BFC Exchange) in Malaysia.
Summary
BFC Board of Directors have selected Microsoft Cloud Dynamics 365 as the approved ERP for implementation in BFC Group and all its subsidiaries in Bahrain, Kuwait, United Kingdom, India and Malaysia. The BOD has also approved Global iTS as the vendor to implement and integrate the ERP with the various systems used within the Group.
As BFC is large transfer and currency exchange organization, the privacy of the data and security was the major obstacle to have their ERP on cloud however after clearing their vision about the cloud system they decided to go with the Dynamics 365 cloud . Moreover, a full integration also between MS D365 and core money exchange system will be implemented part of the project.
