Dubai, November 9, 2010: Ramco Systems, a leading software company focused on consulting, product and managed services, today announced a prestigious order win from Gulf Petrochem (www.gulfpetrochem.com), a fast-growing oil refining and trading company based in Sharjah's Hamriyah Free Trade Zone.
As per the agreement, Ramco will offer its end-to-end ERP including Financials, Supply Chain Management, Process Manufacturing, Oil Accounting, Logistics, HR/Payroll and Business Intelligence. Ramco's enterprise solution will address all operations of Gulf Petrochem including oil refining, trading, leasing and storage, grease manufacturing and oil terminal operations. In addition, Ramco's solution will be accessed by users across UAE, South Asia, Asia Pacific, East Africa and other parts of the world.
Commenting on the deal, Mr. R Shankar, Executive Vice President, India, Middle East and Africa, Ramco Systems said, "This is a prestigious order secured by Ramco Systems that reinforces our proven strengths in enterprise-class business solutions. Gulf Petrochem is a valuable addition to our growing customer base in the Middle East. We will be providing Gulf Petrochem with industry-specific functionality in oil trading, refinery operations, grease manufacturing, oil tanking/ storage, leasing etc in addition to the standard back office ERP suite. The domain knowledge and competency demonstrated by the Ramco team, backed by our assured implementation methodology and presence in the region came to the forefront in the selection process. The solutions will be accessible to Gulf Petrochem's multiple business units located in UAE, South Asia, Asia Pacific, East Africa and other parts of the world.
Commenting on the service, Mr. Harsh Sinha, Chief Executive Officer, Gulf Petrochem said, "Gulf Petrochem has been experiencing exciting growth in the last few years. As our business operations are expanding within UAE and into South Asia, Asia Pacific, East Africa and other parts of the world we needed to integrate our processes to manage our rapidly growing and changing structure. We needed a system that gave us a single platform to manage the existing and future businesses across multiple businesses and geographies and at the same time offer adequate flexibility to handle our evolving needs. Ramco demonstrated quick understanding of the complexities of our businesses, their inter-relationships and our business processes as well as the flexibility to adapt to our perceived complexity. We are confident that we have chosen the right partner as our ERP solution provider."
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About Gulf Petrochem
With its inception in 1998, Gulf Petrochem has crossed 100 million USD of turnover in just a decade. Starting with a re-refinery in the Hamriyah Free Trade Zone, Gulf Petrochem today has now diversified into grease manufacturing with two manufacturing lines catering to the global requirements for Specialty Grease, and trading & leasing with a dedicated Port Storage terminal for bulk movement of cargos. It has also commissioned a 500MT Condensate splitter at Hamriyah Free Trade Zone.
About Ramco Full Suite ERP
Ramco Enterprise Suite (RES) of ERP solutions has specialized solutions for major verticals such as Manufacturing, Logistics, Services, HCM, EAM, Aviation, BFSI, Healthcare and Governance. From Procurement to Inventory Management, Production, Asset Maintenance and Management, Supply Chain Planning, Sales and Marketing, Customer Relationship Management, Human Resources and Payroll, Finance to Analytics, the RES Full Suite ERP delivers best & unique practices for enterprises. These modules can be selectively configured to cater to single and multi-plant, multi-geography, multi-company and multi-currency enterprises.
About Ramco Systems
Ramco Systems, a part of the USD 875 Million Ramco Group, is a leading software company focused on consulting, product and managed services business. Headquartered in Chennai, Ramco Systems was started as an R&D division of Ramco Industries Limited in 1992, and later established as an independent company in 1999. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments. Globally, Ramco has over 100,000 users from 800+ customer organizations since inception. The company currently has 14 offices spread across India, US, Europe, Middle East and APAC and employs over 1,400 employees.
Ramco's key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform - Ramco VirtualWorks™. Ramco Systems has seven major product suites - Ramco Enterprise Suite, Ramco Enterprise Asset Management Suite, Ramco Aviation, Ramco OnDemand ERP (ERP on SaaS), Ramco Business Information Management Suite, Ramco Enterprise Process Suite, and Ramco Mining. Strong domain knowledge coupled with proven implementation expertise enables Ramco to provide specialized solutions in verticals such as Manufacturing, Real Estate & Construction, Energy & Utilities, Logistics, Service, BFSI, Aviation, Government and Defense.
Ramco Systems has been assessed for ISO 9001:2008 and ISO 27001:2005 information security standards. Ramco's BPO unit is SAS 70 Type II certified.
"The Company is proposing to make a rights issue of equity shares in the near future and is in the process of filing a draft offer document with the Securities Exchange Board of India"
For more information, please visit www.ramco.com
For further information you can contact:
Priyanka Geriya
Watermelon PR
Tel: +971-50-6545958
Email: priyanka@watermelonme.com
Ramco Systems
Phone: +9714 3636784
Fax: +9714 3636785
www.ramco.com/mena
© Press Release 2010
