Abdullah Al-Suweilmy, Tadawul’s General Manager, commented that as part of Tadawul’s comprehensive strategy to improve operational efficiency, it was very important to implement a business software solution for ERP. He stated, “We selected Oracle E-Business Suite, which improved our access to real-time data, allowing us to enhance the flow of information between departments, making the entire business more efficient and further improving our service to customers.”
According to analyst group IDC, there has been a five-fold surge in demand for ERP, storage, security and content management applications in the Kingdom during the last year, with much of this growth being fuelled by public sector demand. Oracle, the world's largest enterprise software company, has seen a large share of this business, a fact which the company’s Saudi managing director, Abdul Rahman Al Theheiban, attributes to Oracle’s track record in training and supporting end-users.
“Tadawul’s swift and successful implementation of Oracle E-Business Suite -- the new system was rolled out in less than 45 days – is considered the fastest Oracle E-Business Financial Implementation in Saudi Arabia and one of the fastest implementations in the world,” explained Al Theheiban. “By educating and providing ongoing support to its staff, Tadawul has been able to maximise the benefits that the Oracle solution delivers. Given the current Saudi government focus on migration to e-government services as part of an effort to modernize public sector infrastructure, we anticipate similar success stories in the very near future.”
Tawfege Al-Utagey, Tadawul’s Director of IT, added, “Our implementation of the Oracle E-Business Suite by an experienced Saudi team, complemented by the expertise of the Oracle Consulting group in the region, has proved that ERP projects can be rapidly rolled out for fast results and increased return on investment.”
