Industry Updates

'SAMENA Daily' - News

Mideast firms spur business with cloud ERP

Organizations across the Middle East are increasingly selecting Oracle NetSuite, a leading enterprise resource planning (ERP) solution, to unlock growth and take their businesses to the next level.

With NetSuite, organizations operating in the region, such as Property Finder Group, Al Jabr Holding and the International Cricket Council Limited, can take advantage of an integrated business platform in the cloud to gain the visibility and control needed to navigate change, meet regulatory requirements, and accelerate growth, a statement said.

"There's a significant culture of entrepreneurialism and innovation across the Middle East region, and this presents a huge opportunity for business growth," said Nicky Tozer, VP of EMEA, Oracle NetSuite.

"In the last year alone, we have seen more and more organizations that are operating in this region rethink their traditional business systems as they seek to increase operational efficiency and unlock new growth opportunities. At NetSuite, we are committed to helping organizations across the Middle East take advantage of the cloud to elevate their business to the next level."

Property Finder Group is a leading real estate digital platform, providing a convenient rental and sale marketplace for residential and commercial properties in the Mena region. With over six million monthly visits across its platforms, and a growing ecosystem of users throughout the UAE, Saudi Arabia, Egypt, Turkey, Qatar, Bahrain, Lebanon, and Morocco, Property Finder needed a cloud-based platform to efficiently manage its multinational and multi-subsidiary operations.

"Our mission is to provide the most convenient house hunting and real estate journey for millions of users across multiple countries," said Anas Qudah, Group Enterprise Systems Controller, Property Finder.

"As we grew, we needed to improve our revenue recognition and ability to operate across borders. NetSuite gives us the flexibility to act local but be global, gives a real-time view into our business, and ultimately improves the experience for our customers."

Founded in 1952, Al Jabr Holding Co. is a Saudi-based conglomerate with a broad investment portfolio across sectors including automotive, car rental, laundry, investment and real estate, financing and construction, contracting and manufacturing, and is the national dealer for Kia Motors in Saudi Arabia. To supports its mission to deliver products and services of unmatched quality across its portfolio, Al Jabr needed greater visibility into financial and operational performance across its business.

"Al Jabr stands for quality, and maintaining such high standards across a diverse portfolio requires clarity and vision as we pursue ambitious economic, social, and environmental objectives," said Ihab Hawari, CIO, Al Jabr Group.

"NetSuite has given us a deep understanding of our performance across our range of business interests. This is helping us forward-plan, explore new growth opportunities and contributing to our digital transformation efforts which will help us better engage with our customers."



Source: http://www.tradearabia.com/news/IT_363039.html

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