ENOC Group has successfully implemented Emirates NBD’s Host to Host (H2H) services for payments and account reconciliation. The H2H platform offers advanced internet-based connectivity for the secure and automated exchange of files between ENOC Group’s ERP (Enterprise Resource Planning) and the bank, using secure communication protocols. The H2H implementation for ENOC Group has facilitated the automation of treasury cycles and reconciliation processes through scheduled transmissions. ENOC’s implementation of H2H integration to streamline its payment processes is aligned with its ongoing focus on innovation to drive operational efficiency. Following weeks of intensive preparation, planning and testing, ENOC group can now directly initiate and approve local and foreign currency payments from their ERP system, improving their straight-through processing capabilities and automating their reconciliation and treasury activities.
Emirates NBD is a leading banking group in the MENAT (Middle East, North Africa, and Turkey) region with a presence in 13 countries, serving over seventeen million customers. As of 30th June 2022, total assets were AED 711 billion, (equivalent to approx. USD 193 billion). The Group has operations in the UAE, Egypt, India, Turkey, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 900 branches and 4,086 cash machines / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.7 billion. ENOC Group (Emirates National Oil Company) is a leading integrated international oil and gas player operating across the energy sector value chain. As a owned entity of the Government of Dubai, and integral to the Emirate’s success, ENOC owns and operates assets in the fields of exploration & production, supply & operations, terminals, fuel retail, aviation fuel and petroleum products for commercial & industrial use. The Group’s general business operations include automotive services, non-fuel F&B retail and fabrication services. Servicing thousands of customers in over 60 markets, the Group employs a multi-national workforce of over 11,000 employees and is deploying its world-class customer service, latest innovations, and technologies as well as best practices to empower the UAE’s social and economic development.