August 11, 2008 Amman, Through the USAID Jordan Economic Development Program (SABEQ), BearingPoint, Inc. has selected Y-Consult, working with its partner Savvytek, to assist the Central Bank of Jordan (CBJ) in re-implementing its existing Oracle eBusiness Suite Application.

The key objective of this project is to support the Central Bank of Jordan in improving their back office operating Oracle eBusiness Suite Applications, to preserve and maximize its return on the Oracle eBusiness Suite investment. The project addresses technology factors such as the application functionality and technical infrastructure, as well as non-technology factors such as underlying business processes, organizational factors and staff training.

Savvytek is a well renowned Oracle eBusiness Partner and implementer, and Y-Consult is a leading ICT-Business Consulting provider in the region. Both firms are working with the prime contractor BearingPoint, Inc. to conduct this project implementation.

Y-Consult, working with its partner Savvytek, has achieved the award from BearingPoint, Inc. through demonstrating high commitment and clear understanding of CBJ requirements. Both firms are committed to provide the CBJ with top expertise in the Oracle Applications field, apply industry best practices in the re?implementation process; in order to fulfill the Banks technical and business goals of maximizing return on investment and minimizing the total cost of ownership. Both firms [Y-Consult and Savvytek] models are built around the provision of ultimate business and technology solutions; this model requires extreme dedication and superior expertise to gain customers trust, and establish a partnership relation among the involved parties.

The USAID Jordan Economic Development Program (SABEQ) is a five-year broad economic development initiative implemented by BearingPoint, Inc. and a sizeable team of international and Jordanian partner firms. By both supporting improvements in the business environment and providing assistance to expand innovation and productivity in Jordanian businesses, to support the main objective of building up the private sector as a powerful engine of economic growth.

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Press Release 2008