Sunday, August 7, 2011

Orascom Holding to Cut Budgeting and Reporting Time by 50% with Infor PM

Infor Performance Management to Drive Consolidation, Planning, Budgeting
and Reporting for Orascom’s 115 subsidiaries

Cairo, Egypt, – August 03, 2011 – Infor, a leading provider of business application

software serving more than 70,000 customers, today announced that Orascom has

deployed Infor’s Performance Management solution at its head office in Cairo. The

solution will provide financial planning, budgeting, reporting and consolidation for its

115 subsidiaries, increasing accuracy, visibility, profitability and efficiency.



Infor PM will help centralize and automate the capture of financial data

across Orascom’s 115 subsidiaries all over the globe, incorporating Orascom

Development Holding.


The Infor financial products deployed at Orascom’s offices include Infor

PM (Performance Management) and Infor FMS SunSystems (Financial



Infor’s channel partner, ACT, worked with Orascom to provide support,

project management and consultancy services in order to help tailor the

solutions to the needs of the real estate & construction, tours operation, town

management and hospitality sectors within Orascom.


Infor PM is a comprehensive solution that includes strategic management

tools, planning and budgeting, forecasting, financial consolidation and

reporting and analysis. It will enable Orascom to use a variety of planning

methodologies and ‘what if’ scenarions. Infor PM will also help Orascom

create realistic budgets and accurate forecasts, identify trends, and

confidently report to stakeholders and decision makers.


Infor PM’s analytical reporting tool provides dashboards to clearly define

and communicate the status of a project and identify Key Performance

Indicators in each country and collectively at a group level.


Infor FMS SunSystems will help Orascom meet local and international

standards for financials, and provide flexible comprehensive business

analysis with integrated business analytics.

What Orascom says

“The centralized data system provided by Infor is a welcome relief to Orascom as we

can now consolidate the financials as well as non financial data of all our subsidiaries

and use readily available tools for analytics and reporting,” said Mr. Mahmoud

Zuaiter, SVP Chief Financial Officer, Orascom. “With Infor PM we expect to reduce

our time taken for budgeting and reporting by more than half. Furthermore, system

adoption by existing and new staff will be rapid, as the system is very easy to use.”

What ACT says

“We have already worked extensively with Orascom over the last 6 years to

successfully deploy SunSystems across their Middle East operations. Now strong

financial performance management is the next step towards excellence”, said Mr.

Maged Taha, Senior Applications Marketing Manager, ACT. “While using external

auditing agencies has proved long and tedious to date, we expect Orascom to see an

immediate ROI due to the automated data capture and the minimal staff required to

use the system.”

What Infor says

“With cautious optimism growing in the Middle East market, financial information

is of utmost importance now more than ever. We are thrilled to have deployed

Infor’s Performance Management solution across the construction, real estate and

hospitality industry of Orascom Holding,” said Paul Hammond, Middle East General

Manager, Infor . “Infor’s Performance Management solution will provide timely and

accurate financial information, with thorough analytics in real time as well as during

statutory and regulatory reporting periods.”

No comments: