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FirstBank, a prominent Nigerian financial institution, has announced it will transition to a new cloud-based procurement and financial platform to boost operational efficiency and enhance service delivery. The migration, set for October 26 to November 3, 2024, may temporarily disrupt some services.

Key Impacts During the Transition Period:

Invoice Submission: Vendors will be unable to submit invoices on the current Electronic Business Suite (EBS) during the migration.
Payment Processing: Payments will be processed only for invoices submitted with received Purchase Orders (POs) by Friday, October 25, 2024.
Supplier Portal Decommissioning: The existing supplier portal will be retired on November 4, 2024.

FirstBank has assured its vendors and suppliers that information on the new Supplier Portal, including a job card, will be provided before the platform’s launch on November 4, 2024. To minimize potential disruptions, the bank encourages stakeholders to take proactive steps. Comprehensive onboarding, training, and user guides will be communicated by the end of the week.

In a notice sent on Wednesday, the bank stated:

“As part of FirstBank’s commitment to improving operational efficiencies and service experiences, we are transitioning from our current Procurement and Financial Platforms to an enhanced cloud-based platform.

“During the cutover period, certain activities will be suspended to ensure a smooth and safe migration of transactions with minimal disruption.

“The cutover will occur from Saturday, October 26, to Sunday, November 3, 2024, and the new cloud-based system will be live on Monday, November 4, 2024, when regular activities will resume.”

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