Majid Al Futtaim Retail forms a strategic partnership with Microsoft to transform its finance operations

Majid Al Futtaim Retail forms a strategic partnership with Microsoft to transform its finance operations

Dubai, United Arab Emirates – Microsoft today announced that Majid Al Futtaim Retail – operator of the Carrefour retail brand across 16 countries in the Middle East, Africa and Asia – has transformed its financial planning and analysis (FP&A) capabilities through the power of the trusted, intelligent, versatile Microsoft Azure Data Platform. Majid Al Futtaim Retail’s finance team leveraged Azure Analytics Platform to fully automate financial and operational reporting and create a single source of truth for decision-makers.

Majid Al Futtaim Retail faced the significant challenge of data silos. Waiting periods for reports were long, as data had to be manually extracted and modified using Excel. Reporting needs of the organization were subsequently skewed depending upon which function had requested information.

Through Azure Synapse and PowerBI, Majid Al Futtaim Retail was able to fully automate its financial and operational reporting, eliminating human intervention. The transition enabled faster, deeper insights for stakeholders. While creating a unified view of the business for all division leaders, Majid Al Futtaim Retail’s automation of Excel reporting has saved a calculated annual minimum of 6,530 labour-hours. The company now intends to incorporate Microsoft Azure Machine Learning into its technology mix, to drive AI use cases within its finance