Salam International Investment Limited (Q.S.C), a multi-diversified group of companies and Satyam Computer Services Ltd. (NYSE: SAY), a leading global consulting and information technology services company announced the signing of an ambitious and complex contract - an Oracle implementation project spanning Oracle Financials to Business Intelligence and Balance Scorecard. The implementation shall provide the top management of Salam International with a complete overview of the operations on dashboards and close financial books of accounts with ease. Under the terms of the contract, the project shall be implemented in 18 months and cover all of Salam International’s subsidiaries in Qatar.
The solution will address the business challenges of disparate systems with distributed data and will deliver immense value to SIIL on completion. Online integration of finance with business systems, and the need for standardization of business processes were the other major business challenges which SIIL is facing and the solution will address these by providing a single integrated platform to all users to ensure that the strategic objective are monitored and met, year on year.
Speaking on the occasion, Mr. Hussam Abdul Salam Abu Issa, Vice Chairman & COO, Salam International, said: “Satyam was chosen as our Partner for the Oracle Implementation project for excelling in competence and past experience in this field globally and especially in the Middle East. The introduction of advanced technology into Salam International’s operations is a key part of the company’s corporate strategy. Oracle E-Business Suite was selected to align with our strategy and the expansion and growth of our company. The project shall enhance the automation of Salam International’s business processes along its subsidiaries (Qatar and outside). It shall maintain data integrity and consistency ensure the availability of data for all users at different levels and the timely managerial reporting. It should provide better business information for effective decision-making.”
The implementation is one of a series of projects that compose the change management program at SIIL, where renowned international consultants have been selected for the different projects. Satyam’s vast and varied experience in implementing in large diversified group of companies made it the perfect choice for the needs of Salam International. Additionally, Satyam’s implementation success due to strong project management skills and large number of certified consultants helped clinch the deal in Satyam’s favor. Currently Satyam is engaged in more than 7 large projects in Qatar, and as a part of its commitment to the region Satyam had set up a direct office in Qatar to cater to local customers and provide them with world-class solutions.
Speaking on the occasion, Mr. Virender Aggarwal, Director and Senior Vice President, Satyam - Asia Pacific Middle-East, India and Africa Operations, said: “Satyam is pleased to be selected by Salam International for this strategic initiative. The solution will help the senior management at Salam have a single view of the data with usage of innovative dashboards thereby improving their decision-making process. We look forward to working with them as partners in this initiative and are committed to delivering value to their group and to Qatar as a region.”
Satyam’s Middle East operations are headquartered in Dubai and Satyam has already established significant presence in Saudi Arabia, Kuwait, Qatar, Abu Dhabi, Oman and Bahrain with Global Development Centers in Egypt and Al Khobar. The expansion in the region is being fueled by investments in the local markets with a view to get closer to their customers. In the past 12 months, Satyam has been engaged in several niche areas such as Enterprise Applications, IT Strategy Consulting, Quality Consulting, Data warehousing & Business Intelligence with various leading organizations across the Middle East region. Satyam is acknowledged as a leader in the Enterprise Business Solutions space and has over 160 high profile conglomerates as its customers across the region and many significant names getting rapidly added to the list. The Middle East is a critical component of Satyam’s global strategy and with the recent launch of its distributed workforce strategy, Satyam is consolidating its position in the region and is geared up to globalize while localizing.
Salam International has enlisted the help of world-class international consultants over the last couple of years to assist in formulating and implementing the cornerstones of a development strategy. This development strategy led to a restructuring of the company’s hierarchical structure revisiting its policies and procedures. In the process, the company developed an integrated IT strategy and a new Human Development department to oversee the improvement of human capital and to make sure that employees achieve their maximum potential as productive members of the company. All these initiatives are a reflection of these developments, an encapsulation of the company’s values and philosophies, and above all an expression of its history and its legacy.
