Dubai, UAE, May 7, 2007 - Oracle, the world's largest enterprise software company, has announced that Oasis Investment Company, (OIC) LLC, the holding company for the Al Shirawi Group, has selected the Oracle E-Business Suite to standardise best practices across its 30 different businesses, and increase overall effectiveness at all user levels.

The software implementation will spread across OICs diversified business activities, ranging from manufacturing and engineering to printing, trading, distribution, logistics, and contracting; and will enable OIC to integrate and consolidate business information across all of the group's companies. It will also allow OIC's decision-makers to plan more effectively at multiple levels from a single user to the corporate level.

"Previously, our group companies had separate 'silos' of information about finances, human resources, procurement, and other key functions.  We are now integrating and standardising all of these processes with the Oracle E-Business Suite to have a single viewpoint across the group," said M. N Chaturvedi, Director IT, Oasis Investment Company, LLC. "As we expand our diverse business interests, the Oracle solution will enable us to make more informed decisions based on complete information about our finances and the current state of our companies, while boosting internal productivity across all divisions."

Chaturvedi further emphasised that Al Shirawi Group of Companies would be implementing best practices applications solution for their diversified business activities in their companies to enrich the operational effectiveness and offer competitive advantage. 

Oracle E-Business Suite's distinct edge of offering a single point of data entry across all the companies gives an advantage of flow for business information and visibility at every stage. Mr. Vikram Rao, ERP Manager said: "Oracle's E-Business suite is one of the greater information provisioning strengths that will enhance the efficiencies and to bring the company's financial and vertical operational information in line with modern technologies such as RFID etc. Oracle's ability to integrate vertical application business information's into core ERP financial Systems will allow a comprehensive and global view across the groups companies."

Diversified business activities of the Group led to the selection of specific application modules such as Project Contracts, Advanced Pricing, Sourcing and Payroll, EAM and integration with EBS as a foundation. Experienced and international level Implementation partner will be implementing these application suites within a specified time frame.

"The Gulf states have a number of large holding companies that represent diverse businesses, and the current trend is toward modernising and integrating these groups for a more agile and cost-effective overall performance.  The Oracle E-Business Suite will give OIC executives the information they need to better manage the group as a whole, while tracking finances and human resources for more than 2500 staff in a centralized and efficient way," said Arun Khehar, Oracle's Vice President, Retail, Private, manufacturing, Oracle, Middle East and Africa.

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© Press Release 2007