New System Offers the Syrian GSM Leader Greater Decision Making Ability


Dubai, UNITED ARAB EMIRATES, March 24th 2004 - Oracle Corporation, the world's largest enterprise software company, today announced that the leadingSyrian GSM provider Syriatel has selected Oracle E-Business Suite including Oracle Financials and Oracle Purchasing to streamline its business processes, improve decision making ability and make the company's key financial data accessible online while gaining enhanced control of its finance-related processes.
 
Syriatel foresees a number of measurable business benefits from its e-business project, both internally and for its customer- and partner-facing departments. All of the Group’s key information is now centralised in one location. Additionally, the new streamlined business processes based on the Oracle E-Business Suite will result in increased efficiencies across the board.
 
"Our objective is to enhance competitive advantage, and with Oracle E-Business Suite, all of Syriatel's financial information will be  consolidated and available in real-time, which makes us a more efficient, productive, and knowledge-based organization," stated Nader Kalai, CEO, Syriatel
 
He added, "After the implementation Syriatel will have a greater control over key business processes, with increased transparency and faster processing and closing cycles."
 
With this move, Syriatel joins a number of leading Middle East telecom companies who are already enjoying the benefits of Oracle E-Business Suite 11i - companies like Batelco, Al Watanyah Telecom, OmanTel, and MobileCom
 
"GSM leaders such as Syriatel are increasingly interested in reducing costs and maximizing efficiencies to enhance performance and remain competitive in a fluctuating telecom market. Syriatel's deployment of Oracle E-Business Suite software shows the company's commitment to improving productivity and increasing information availability and reducing administrative costs," noted Husam Dajani, Vice President of Oracle Middle East.
 
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About SYRIATEL
The year 2000 marks the beginning of a new phase in the Syrian Telecommunication Industry. With only twenty-five employees, a trial period was launched on the 14th of February 2000, under the supervision of the Syrian Telecommunication Establishment. Following a successful trial period and the overcoming of several obstacles, a second phase began on the 15th of April 2001, where Syriatel embarked on a new course where the main foundations of today’s telecommunication technology were established.
 
Syriatel the leading Syrian GSM operator has joined its forces to assist the Syrian economy by creating direct and indirect job opportunities for the Syrian people and by guaranteeing additional national revenue. Today Syriatel’s team comprises talented and experienced GSM and Management specialists, working hand in hand to provide to the Syrian community the latest telecommunication technology, and striving to enhance the overall living standard of the Syrian population.
 
About Oracle
Oracle Corporation is the world's largest enterprise software company. For more information about Oracle in the Middle East, please visit our web site at www.oracle.com/me or contact Bahaa Issa on +9714 390 9000.

© Press Release 2004