Amongst first few companies in the region to implement this advanced Enterprise Resource Planning (ERP) software
To consist of end-to-end solution including Oracle Financials, Supply Chain Management, Order Management, Project Management and Customer Relationship Management Modules together with Property Applications
Dubai, UAE, 8th October 2007: In a milestone initiative that compliments Trident International Holdings (TIH), the promoters of the world's most luxurious residential tower 'The Pentominium', focus on transparency and adoption of global best practice today announced that it has become one of the first few companies in the region to commence implementation of the next-generation Oracle e-Business Suite (Release 12) through Global Technology Services (GTS), a 100 % subsidiary of Emirates National Oil Company (ENOC).
Commenting on the choice of Oracle's e-Business Suite (Release 12) as TIH's Enterprise Resource Planning platform, Mr. Wazir Ali Daredia, Executive Director and Chief Executive Officer, said: "With the launch of our fifth project 'The Pentiminium' TIH has been further catapulted to the elite club of leading global property developers and boasts of an increased international clientele. A direct implication of this has been that we have had to further intensify our existing focus on transparency, adoption of global best practices and partnering with global leaders.
"Oracle's Release 12 is an ideal fit for our requirements as it represents a major enhancement over previous releases with over 2,350 new capabilities and 12 new modules / products. The new Release is aimed at enabling clients to work globally to be more competitive, think globally to make the right decisions and manage globally to lower cost and increase performance. Additionally, GTS has gained the reputation of being one of the foremost ERP implementers especially in the real estate segment and we are thus extremely confident of the success of our partnership with them," Mr. Daredia added.
As per the terms of the agreement GTS will be responsible for a complete end-to-end Oracle Release 13 implementation at TIH consisting of Oracle Financials, Supply Chain Management, Order Management, Project Management and Customer Relation Management modules together with a customized Property Application developed by it. The entire implementation, through which TIH aims at achieveing significantly improved operational efficiency and better financial controls resulting in a stronger bottom line, is scheduled for completion by January 2008.
Commenting on the agreement with TIH Mr. Shankar Iyer, Director, GTS, said: "It is a great pleasure to be associated with Trident International in their Oracle e-Business implementation initiative and we are particularly proud of this implementation as it emphasis GTS's dominance in the real estate and construction industry"
Oracle e-Business Suite is an enterprise-wide, fully integrated business application that provides better insight into organization for effective decision-making and enables companies to be innovative to face global competition and financial pressures. Best practices come standard with Oracle e-Business Suite and the Application is fully compliant with internationally recognized Accounting Standards.
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About TIH
Trident International Holdings is a global group engaged in diversified corporate activities with presence in major cities worldwide. With a committed focus on up market and luxury living, the group has revolutionized this concept of 'luxury living' in the Middle East. Trident has pioneered some bold concepts related to up market luxury living, its most recent development being the world's most luxurious residential tower 'The Pentominium'.
Positioned as the 'defined height of luxury', the Pentominium, which has redefined the very concept of luxury living and taken it to new heights, will offer choicest of living features for the luxury sensitive communities and connoisseurs of exclusive lifestyles. This landmark development offers for the first time ever, a bouquet of premium luxury brands - like Rolls Royce, Swarovski, Bang & Olufsen, Tiffany & Co., Quintessentially, Davidoff, Azimut Yatchs and Six Senses Resort & Spas.
Additionally, as of date, TIH has also launched four other luxury freehold residential projects all located at the Dubai Marina. "The Watefront" has been handed over to its prestigious clients. The second project is the twin tower Marinascape comprising of two grand residential towers, the 35 storey 'Oceanic' and the 25 storey 'Avant' towers, cumulatively comprising of over 200 waterfront condominiums along with Marina Homes. Bayside Residence is the third project that shoots up 22 floors, while Trident Grand Residence is the latest 45 story project comprising of 253 magnificent condominiums & luxury penthouses. Construction work on all the three projects is underway and the same are expected to be completed on schedule.
About GTS
Global Technology Services (GTS), a 100 % subsidiary of Emirates National Oil Company (ENOC), has been awarded the contract for implementing Oracle e-Business Suite (Release 12) at Trident. Global Technology Services is an Oracle Certified Advantage Partner and has been accredited with CMM Level 4 Certification. Global Technology Services has about 250 Oracle consultants and has implemented multiple Oracle projects spreading over geographical areas of Middle East, Far East and Sub Continent. As an Oracle Advantage Partner, GTS has developed vertical solutions in the areas of real estate and construction that are fully integrated to Oracle e-Business Suite. Additionally, GTS also offers solutions for portal development, implements Document Management Systems and customized business solutions. GTS's clientele includes large Government and private companies.
For further information please contact:
Dolly Nadar,
Account Manager
Percept Profile Gulf,
00971 344 6373
dolly@perceptprofilegulf.com
© Press Release 2007
