Seef Properties goes live on Oracle E-Business Suite

Seef Properties has selected Oracle E-Business Suite in an effort to streamline its business processes and reduce operating expenses by consolidating its back-office information onto a single platform.

The consolidation of Seef Properties' financial and purchasing systems will help the company accurately plan and forecast. In the intensely competitive commercial property market, Seef Properties will now have the tools to drive down costs and increase the transparency and timeliness of its financial reporting.

"Given our aggressive growth strategy over the next few years, including online initiatives as well as the expansion of the centre, Seef Properties required a reliable, scalable and highly integrated set of business solutions, and Oracle's E-Business Suite fit those needs," Said Paul de Nicola, CEO of Seef Properties.

"One of the major advantages of Seef Properties' new Oracle business applications is the ability to generate up-to-date performance metrics as well as profit-and-loss summaries across all of its different outlets. Keeping this diverse information up to the minute and maintaining it in a single place gives Seef Properties' executives greater visibility into the centre's profitability and capacity to expand operations." he added.

Husam Dajani, Oracle Vice President for the Middle East commented saying:"In a hotly contested industry that requires innovation to maintain market leadership, Seef Properties created a major advantage by taking greater control over its disparate financial, and purchasing processes. Integrating and putting these systems online should result in measurable cost savings, while opening the door to new ventures and opportunities for the company."