Dubai, UAE: Oracle, the world's largest enterprise software company, has announced that Oasis Investment Company, (OIC) LLC, the holding company of the Al Shirawi Group, has selected the Oracle E-Business Suite to standardise best practices across its 30 different business companies, and increase overall effectiveness at all user levels.
The software implementation will spread across OICs diversified business activities, which range from manufacturing and engineering to printing, trading, distribution and logistics, and contracting, and 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 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're now integrating and standardizing all of these processes with the Oracle E-Business Suite so we 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 OIC to make more informed decisions based on complete information about our finances and the current state of our companies, while boost internal productivity across all divisions."
Further it has been emphasized 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 as explained by Mr. Chaturvedi.
Oracle E Business Suite Distinct Advantage of Single Point of Data Entry across all the companies gives an advantage of flow of the business information and also visibility at every stage. Mr. Vikram Rao, ERP Manager stated that Oracles EBusiness suite one of the greater information provisioning strengths to enhance the efficiencies and to bring the Company's Financial and Vertical Operational information's in line with Modern Technologies such as RFID etc., and also the Oracle's ability in integrating the Vertical Application Business Information's into Core ERP Financial Systems to have Comprehensive & Global View across group companies.
Diversified business activities of the Group companies have dictated to select specific application modules such as Project Contracts, Advanced Pricing, Sourcing and Payroll, EAM and integrating with EBS as foundation. Experienced and international level Implementation partner will be implementing these application suites with in the specified time frame as pointed out by Mr. Chaturvedi
"The Gulf states have a number of large holding companies that represent diverse businesses, and the current trend is toward modernizing 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 Ayman Abouseif, Oracle's managing director for the Gulf.
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© Press Release 2007
