Latest news with #FinancialExcellence
Zawya
18-06-2025
- Business
- Zawya
QIB named Qatar's Best Islamic Bank & Best Digital Bank for SMEs by Euromoney
Doha, Qatar – Qatar Islamic Bank (QIB), Qatar's leading digital bank, has been named Qatar's Best Islamic Bank and Qatar's Best Digital Bank for SMEs at the Euromoney Awards for Excellence 2025, reaffirming its market leadership and dedication to delivering innovative, Shari'a compliant digital financial solutions. This recognition from Euromoney, one of the world's most respected financial publications, reflects QIB's exceptional performance, strong market position, and strategic focus on digital transformation within the framework of Islamic banking principles. QIB's sustained investment in technology and innovation, combined with its strong financial performance, has solidified its leader position. For the first quarter ended 31 March 2025, QIB reported a net profit of QAR 985 million, marking a 3.1% increase over the same period last year. The Bank's Total assets reached QAR 212 billion, while the Bank maintained a cost-to-income ratio of 16.6%, the best in the Qatari banking sector. QIB also continued to demonstrate prudent risk management and controls, with a non-performing financing assets ratio of 1.76% which is considered one of the lowest ratios in the banking sector, reflecting the quality of the bank's financing portfolio and effective risk management framework. The financing-to-deposit ratio reached 91.4%, reflecting the bank's strong liquidity position. The award for Best Digital Bank for SMEs highlights QIB's customer centric approach and commitment to enabling Qatar's small and medium-sized enterprises. Through a suite of tailored, Shari'a-compliant digital solutions—including digital onboarding, Corporate Internet Banking, the QIB Corporate App, and co-branded credit cards with Ooredoo—QIB has simplified business banking. The Bank also offers a comprehensive range of payment services such as POS terminals, Payment Gateway, and QIB SoftPOS App, empowering SMEs to manage finances, improve liquidity, and scale sustainably. On this occasion Mr. Bassel Gamal, QIB Group CEO, said: 'We are pleased to receive this recognition from Euromoney, which reflect our unwavering commitment to delivering innovative, Shari'a-compliant financial solutions and supporting Qatar's economic development. These accolades reaffirm QIB's leadership in Islamic banking and underscore the success of our digital transformation strategy. Our focus on empowering SMEs through tailored digital services is a key pillar in fostering sustainable growth and contributing to the country's diversification efforts.' The Euromoney Awards for Excellence were the first of their kind in the financial publishing industry. It remains one of the most prestigious and respected awards in global banking. The awards programme seeks to showcase financial institutions that deliver world-class services to their clients and which are successfully able to adapt to changing market conditions. For more details, please visit
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Invoice Processing Automation Drives Utah Business Growth with IBN Technologies
"Invoice Processing Automation (USA)" Invoice Processing Automation is revolutionizing how Utah businesses manage vendor invoices and payments. By automating manual tasks, companies reduce errors, speed up approvals, and increase financial transparency. IBN Technologies provides customized automation solutions that streamline invoice capture, validation, and approval workflows—helping Utah firms achieve scalable, accurate, and efficient accounts payable processes. Miami, Florida - 27 May, 2025 - Increasing invoice volumes from various suppliers' challenge companies to synchronize billing and payment workflows efficiently. Organizations require flexible solutions that can maintain accuracy and speed amid growing demands. The rise of invoice processing automation provides a powerful means to address these financial complexities. Utah businesses are embracing Financial Excellence by integrating Intelligent Process Automation into their invoice management systems. These technologies automate critical steps in invoice review and authorization, enhancing clarity and consistency while enabling teams to handle increased workloads effectively. Manage Finances with Experts Automation and Connect Today! Get a free consultation: Manual Invoice Handling Issues In Utah, many businesses still face challenges stemming from manual invoice processing. Without automation, teams get bogged down in repetitive tasks that hinder efficiency and increase risks of error. The lack of process visibility makes approvals confusing and payments vulnerable to delays. Time-consuming manual data entry Mistakes like duplicated or lost invoices Delayed approvals impacting payment schedules Limited tracking of invoice progress Insufficient clarity on expenditures and cash flow Problems with audits caused by inconsistent records Different teams using varying procedures Difficulty scaling with rising invoice numbers Some Utah firms have overcome these obstacles by embracing automation. Solutions offered by companies like IBN Technologies help streamline invoice workflows, reduce inaccuracies, and bring better control to financial teams. Improved Accounts Payable Flows Finance teams in Utah are shifting toward digitized invoice handling to meet today's operational expectations. IBN Technologies offers invoice processing automation solutions designed to support consistency, speed, and visibility throughout accounts payable cycles. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1-844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Invoice Processing Automation Drives Vendor Payment Innovation as IBN Technologies Supports U.S. Firms
Invoice Processing Automation is reshaping how U.S. companies handle supplier invoices and payments. By automating manual tasks, businesses reduce errors, speed approvals, and improve transparency. Firms like IBN Technologies provide advanced solutions that streamline invoice capture, validation, and workflow management, enhancing financial control and compliance. Automation is now essential for scalable, efficient accounts payable processes. Miami, Florida - 27 May, 2025 - Operations nowadays demand greater speed and accuracy because companies are managing a rising volume of supplier invoices from multiple sources. Coordinating billing across departments, locations, and vendors has become a routine part of financial operations, requiring systems that can keep pace with day-to-day demands. As a result, invoice processing automation is gaining momentum as organizations seek more structured and scalable solutions to handle this complexity. To keep operations running smoothly, organizations across the United States are turning to digital tools that support Financial Excellence with Intelligent Process Automation. These systems are designed to streamline how invoices are received, reviewed, and approved, bringing structure and clarity to accounts payable tasks. With automation, businesses can handle high volumes of invoices more efficiently, maintain consistency across their processes, and stay better organized. As financial teams look for smarter ways to manage daily workloads, automation is becoming a key part of how companies operate behind the scenes. Manage Finances with Experts automation and connect Today! Get a free consultation: Manual Invoice Processing Challenges Many companies in the U.S. still rely on manual invoice handling, and it's creating real problems. Without automation, teams spend too much time on repetitive tasks, which slows down operations and opens the door to mistakes. Keeping track of invoices and approvals can become a confusing, drawn-out process that impacts payment accuracy and vendor relationships. Common Issues Include: Spending too many hours on manual data entry Mistakes like duplicating or lost invoices Slow approvals causing late payments Difficulty knowing where invoices are in the process Lack of clear visibility into spending and cash flow Problems during audits due to messy records Different teams following inconsistent procedures Trouble keeping up when invoice volumes increase Some companies have moved past these struggles by using automated solutions. Firms like IBN Technologies have helped businesses clean up their processes, reduce errors, and get better control—making invoice handling faster, clearer, and easier to manage. Invoice Processing Automation Solutions To address the widespread challenges in manual invoice processing, IBN Technologies offers a comprehensive invoice process automation solution tailored to meet these demands. Their platform streamlines every step of the invoice lifecycle, reducing errors and accelerating workflows. With expertise in automation, IBN helps organizations gain greater control, transparency, and efficiency in managing accounts payable. Automated data captured from invoices using intelligent OCR technology Real-time invoice validation to minimize errors and duplicates Seamless routing for multi-level approval workflows Centralized dashboard for tracking invoice status and payments Integration with existing ERP and accounting systems for smooth data flow Automated exception handling to resolve discrepancies quickly Enhanced audit trails to ensure compliance and transparency Scalable processes designed to handle increasing invoice volumes efficiently Through these solutions, IBN Technologies empowers businesses to streamline invoice processing, improve accuracy, and reduce operational costs—making invoice automation a strategic advantage in today's financial landscape. 'Strong financial operations create workflow stability while giving office teams the precision required to meet vendor timelines and compliance standards,' shared Ajay Mehta, CEO at IBN Technologies. Proven Expertise in Invoice Automation A U.S. government agency responsible for managing natural resources streamlined its financial operations by adopting invoice process automation. This strategic shift enhanced internal workflows and reduced delays in accounts payable. The agency automated 90,000 invoices annually, achieving a 75% reduction in invoice cycle times. Automation improved compliance, increased transparency, and strengthened vendor relationships. These results reaffirm IBN Technologies' ability to deliver high-impact automation that reduces processing friction while enabling better control, cost visibility, and operational performance. Future-Ready Finance Strategy With the increasing adoption of an invoice automation system, organizations are reassessing how financial operations are structured. The focus is shifting from transactional management to strategic process alignment. Businesses now see process automation as a way to create consistency, reduce administrative effort, and support audit readiness across departments. Companies like IBN Technologies provide frameworks that help finance teams meet these expectations without disrupting existing systems. Their solutions are built to improve invoice accuracy, shorten approval cycles, and deliver real-time visibility into payables. As automation capabilities grow, businesses investing in practical, well-supported systems are gaining the confidence to scale operations with improved financial control and compliance. Related Service: AP and AR Automation Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
Zawya
26-05-2025
- Business
- Zawya
MoF receives Sharjah Public Finance Award for excellence in cash management and financial services
Younis Haji AlKhoori: The Sharjah Award for Public Finance is a well-deserved recognition of the Ministry of Finance's efforts in developing the government's financial work system. Abu Dhabi: The Ministry of Finance (MoF) has been honoured with the Sharjah Award for Public Finance, winning the category of 'Institution Distinguished in Cash Management, Sovereign Funds, and Banking Financial Services' at the third edition of the award (2024-2025). This accolade reaffirms the ministry's commitment to institutional excellence and innovation in upgrading its financial system while achieving the highest standards of efficiency in managing public finances. Amna Hassan Al Shamsi, Director of Financial Policies and Government Accounting Standards at the Ministry of Finance, also won second place in the category of 'Outstanding Arab Financial Manager, Outstanding Arab Budget Manager', honouring her significant contributions to developing financial policies and enhancing government performance efficiency. These achievements come in recognition of the Ministry's commitment to delivering efficient financial services and continuously adopting international best practices to improve government financial policies, optimise resource management, and ensure financial sustainability, key pillars supporting the UAE's comprehensive development goals. The award was received on behalf of the Ministry of Finance by Her Excellency Mariam Mohammed Hassan Al Amiri, Assistant Undersecretary of Government Finance Management at the Ministry of Finance. Well-deserved recognition H.E. Younis Haji AlKhoori stated, "This recognition from the Sharjah Award for Public Finance is a testament to the Ministry of Finance's ongoing efforts to enhance the government's financial system. It also reflects the effectiveness of the policies and initiatives we have implemented to promote efficiency, transparency, and sustainability in the management of public finances.' 'Over the past years, we have focused our efforts on strengthening financial legislation, improving spending efficiency, and adopting global best practices in financial planning and budgeting, in coordination with federal entities to drive the UAE's strategic economic and fiscal objectives to the next level," Al AlKhoori said. He added:"We deeply value this honour, which embodies the spirit of teamwork and institutional collaboration within the Ministry. It is also a strong motivation, inspiring us to continue strengthening our capabilities and readiness to respond to worldwide changes, thereby reinforcing the UAE's role as an influential leader in public financial management at the regional and global levels.' Promoting a culture of excellence The Sharjah Award for Public Finance was established in 2016 in collaboration with the Arab Administrative Development Organisation, inspired by the vision of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. The award aims to promote best practices in public financial management and foster a culture of excellence and quality in government work across the Arab world. Organised by the Sharjah Finance Department, the third edition of the award was announced last August as part of ongoing efforts to encourage government entities, private sector organisations, and individuals to adopt effective and sustainable financial governance practices. The award features 11 categories for individuals and 11 for organisations, aiming to foster competitiveness and promote a culture of excellence across diverse areas of financial management.
Yahoo
08-05-2025
- Business
- Yahoo
The Kelley Financial Group Wins ‘Best-In State Wealth Advisors' Award for 4th Consecutive Year
Forbes honors Micah Kelley and The Kelley Financial Group for their continued excellence in financial advisory services in 2025. The Kelley Financial Group Wins 'Best-In State Wealth Advisors' Award for 4th Consecutive Year Sewickley, PA , May 08, 2025 (GLOBE NEWSWIRE) -- The Kelley Financial Group is proud to announce that for the fourth consecutive year, Micah Kelley has been named one of the Best-in-State Wealth Advisors by Forbes for 2025. This prestigious recognition highlights the unwavering dedication and expertise that The Kelley Financial Group brings to clients, helping them achieve their financial goals with personalized strategies and insights. For over a decade, Micah Kelley has led The Kelley Financial Group, working tirelessly to ensure that his clients receive exceptional financial guidance. Receiving the Forbes Best-in-State Wealth Advisors honor for four consecutive years is a significant achievement and speaks volumes about Micah's commitment to excellence in wealth management. The Kelley Financial Group Micah's deep passion for understanding his clients' financial aspirations, combined with his team's dedication to providing tailored solutions, has been the cornerstone of The Kelley Financial Group's success. As Micah reflects on this honor, he attributes much of his success to the trust his clients place in him. 'I'm sincerely humbled to be named one of the Forbes Best-in-State Wealth Advisors and know it wouldn't be possible without your trust in me and my entire team at The Kelley Financial Group.' This recognition comes at a time when the financial landscape is more complex than ever, and the demand for expert and trustworthy financial advisors continues to rise. With a diverse team of financial experts, The Kelley Financial Group offers a full range of services, including investment management, retirement planning, tax strategies, and estate planning. Clients trust The Kelley Financial Group for its personalized and comprehensive approach to achieving financial security. The team's ability to provide tailored financial strategies for clients from all walks of life is a key factor in its ongoing success. From young professionals to retirees, The Kelley Financial Group is dedicated to guiding clients through all stages of their financial journey to help them build wealth and prepare for a secure future. Micah and his team are driven by the belief that financial planning should be accessible to everyone, regardless of their life stage. 'It continues to be my privilege to work together in your financial planning journey. If ever your family or friends are seeking financial guidance, it would be my pleasure to help them in their financial journey as well,' said Micah. The Kelley Financial Group serves clients across multiple states and offers a variety of financial services that can be customized to meet the unique needs of each individual or family. The team takes a comprehensive approach to financial planning, ensuring clients receive guidance that fits their long-term goals. The firm also stays ahead of industry trends and provides clients with innovative solutions that maximize their financial potential. To learn more about The Kelley Financial Group and its wealth management services, visit their website at About The Kelley Financial Group The Kelley Financial Group is a leading wealth management firm based in Sewickley, PA. With a focus on personalized financial strategies, it offers comprehensive services in investment management, retirement planning, tax strategies, and estate planning. Led by Micah Kelley, the firm is dedicated to helping clients achieve their financial goals and secure their future. ### Media Contact The Kelley Financial Group 1605 Carmody Ct #301, Sewickley, PA 15143 Phone: (412) 528-1920 Website: The Kelley Financial Group Wins 'Best-In State Wealth Advisors' Award for 4th Consecutive Year
