August 30, 2012
Path Solutions, the market-leading provider of software solutions to the Islamic finance industry, has entered into a strategic partnership agreement with MenaITech, the regional company specialized in building and deploying human resources applications, to develop and provide a web-based Human Resources Management System to Islamic banks and financial institutions.
The program aims at building a comprehensive, unified platform that streamlines and automates the core functions of an Islamic financial institution's HR department and links it to the establishment's other sections, including the financial and employee relations departments, to speed internal operations.
In his comment, Path Solutions' Group Chairman & CEO, Mohammed Kateeb, welcomed the partnership with MenaITech, saying: "This partnership further solidifies our commitment to ensuring the delivery of value-added services to customers while providing them with a robust, end-to-end experience".
"With MenaITech HR systems, banks can achieve the goals of increased employee productivity, effective tracking and control of human resources, controlled HR costs, and overall employee satisfaction", Kateeb added, noting that the system seeks to serve as an online portal for employees who can use the self service application and take advantage of a wide range of features, such as viewing salary slips, applying for annual and sick leaves, and managing leaves of absence, thus eliminating the need for employees to show up at the HR department for such matters.
For his part, MenaITech's CEO, Bashar Al Hawamdeh, said: "We are proud to partner with Path Solutions, a pillar in Islamic and investment software solutions. Through this partnership, we will integrate our sophisticated Human Resources Management System with Path Solutions' iMAL, helping clients to streamline employee information management processes without using multiple systems".
Furthermore, Al Hawamdeh highlighted the role of the application in reducing operational costs, increasing employee competitive abilities, fostering productivity, and improving quality of work.
It is worth mentioning that MenaITech offers a wide range of applications including: The human resources information management system, the payroll and personnel solution, the employee and manager self service solution, the employee 360 degree feedback evaluation software, the comprehensive HR consolidation and analysis module, in addition to the revolutionary cell phone notification service.
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About Path Solutions
Path Solutions is a global technology services firm specialized in delivering end-to-end, innovative software solutions for the Islamic banking and financial services industry segment.
Established in 1992, the Kuwait-based company provides a wide range of Islamic financial applications that are AAOIFI-certified and cover the fundamental investment banking services along with customer service and trade funds management processes in the Gulf Cooperation Council (GCC) member states and worldwide capital markets.
Path Solutions' flagship product, iMAL is built on open architecture, offers low cost of ownership and uses established standards such as HTTP/S and XML. It is also available as a Model Bankimplementation, with best practice processes built-in.
Path Solutions sharply focus on building quality and excellence in its product development, delivery, deployment, training and support processes. The company has nearly two decades of experience in combining knowledge of banking markets worldwide with deep expertise of how technology is best applied in rapidly changing, highly demanding large-scale environments.
Learn more about Path Solutions: www.path-solutions.com
About MenaITech
Founded in Jordan in 2003, MenaITech develops and provides Human Capital Information Systems (HCIS) for public and private organizations. MenaITech's products include the human resources information management system MenaHR®, the payroll & personnel solution MenaPay®, the employee & manager self service solution MenaME®, the employee 360 degree feedback evaluation software Mena360®, the comprehensive HR consolidation and analysis module MenaExplorer®, in addition to the revolutionary cell phone notification service MenaSMS®.
MenaITech also provides services related to product implementation, hosting, training, and support. The company serves customers in Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, the United Arab Emirates and Yemen.
Learn more about MenaITech: www.menaitech.com
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© Press Release 2012
