Amiral Maritime Corporation implements Oracle financials
Posted: 3 August 2003
Oracle E-Business Suite streamlines financial processes
for logistics, shipping and port giant
Oracle Corporation the world’s largest enterprise software
company, announced Amiral Maritime Corporation (AMC), a major transportation
and logistics group based in Egypt, has implemented the Oracle Financials
modules of the Oracle E-Business Suite in just sixty days.
As part of a concerted effort to streamline its operations and
enhance customer service, AMC has centralized its entire user technology
environment, which ranges from financial reporting and analysis
applications to its website and customer interfaces, on Oracle.
AMC’s in-house team of IT professionals managed all aspects
of the Oracle implementation.
AMC — which owns Sokhna Port Development Company, Egyptian
Maritime Services, International Shipping and Transportation Company,
and Royal Maritime — has deployed Oracle General Ledger, Oracle
Accounts Payable, Oracle Accounts Receivable, Oracle Financial Analyzer,
Oracle Cash Management, and Oracle Financials Intelligence as part
of its initiative to boost the timeliness and accuracy of financial
reporting across the entire group.
To increase service levels with both partners and customers, AMC
has deployed the Oracle technology platform, including the Oracle9i
database, Oracle9i Application Server and Oracle9i Developer Suite,
to create separate Java-based websites.
These dynamic sites include port registration and berthing applications,
and act as highly reliable, scalable online communication channels
for AMC. Based on the enthusiastic response to these websites, the
group is considering additional portal and customer relationship
management initiatives to further expand its service offerings.
“AMC manages some of the most advanced shipping and logistics
facilities in the Middle East, and the volume forecast for cargo
being handled through the Sokhna Port by 2005 is estimated at more
than 20 million tons. With this type of aggressive growth target,
AMC needed a technology partner with industry experience in the
maritime sector, as well as an integrated and complete set of business
solutions,” said Ibrahim Shoeib, Group IT manager, AMC.
“AMC is already deriving benefits from our record-time, sixty
day implementation of Oracle Financials, and the technology platform
supporting our customer and partner-facing websites is also enabling
swift development and deployment of our in-house applications,”
added Shoeib.
By centralizing its technology resources through a single software
platform, AMC is receiving considerable business benefits. From
an internal perspective, the logistics and transport group can now
reduce operating costs, increase management’s visibility across
the different elements of the enterprise, and gain even greater
control over key business processes. Externally, AMC’s interactive
websites enable customers and partners to utilize online applications
and gain access to key information remotely and in real time.
AMC selected Oracle as its information management partner across
the entire organization following a successful Oracle implementation
by the Sokhna Port Development Group - operators of Egypt’s
only privately run and electronically managed port.
“AMC has announced an extremely ambitious growth strategy,
with a tremendous expansion in capacity and throughput. The group’s
ebusiness project should enable AMC to maintain the necessary financial
controls during such a dynamic period of development,” commented
Atef Helmy, Managing Director of Oracle Egypt.
“At the same time, there is increasing competition in the
logistics and transport sector, and AMC’s increased focus
on its partner and customer relationships should deliver a competitive
advantage to the group,” Helmy added.
Oracle Corporation is the world's largest enterprise software company.
For more information see web site at www.oracle.com/me.
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
