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Sunday, November 29 - 2009

Qatar Fertiliser Company blooms with PeopleSoft

PeopleSoft Inc. (Nasdaq: PSFT) today announced that Qatar's only fertiliser producer, Qatar Fertiliser Company (QAFCO), will implement an innovative enterprise resource planning (ERP) infrastructure based on PeopleSoft EnterpriseOne.

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The deployment will replace QAFCO's previous in-house developed system.

The new approach at QAFCO, involving human resource and payroll software from PeopleSoft, will enable the company to streamline its payment processes, assess the strengths of its employees, and determine which departments require additional staffing or training.

QAFCO is investing in upgrading its back-office operations to complement its expansion plans. The company, which is currently in the process of a major redevelopment program, is constructing its fourth production line, to be completed by mid-2004. When the new line is in operation, QAFCO's expanded capacity will make it the largest single urea producer in the world.

"Moving forward with the expansion of the business really drove home the importance of investing in a payroll and HR software solution that would instantly assist us in gaining the most up-to-date cash flow and resource information," said Bent Lundeby, head of CIT, Qatar Fertiliser Company.

By investing in this new solution, QAFCO is preparing its back-office operations to tackle one of the critical business challenges of running a large enterprise - managing human capital.

"Our greatest assets at QAFCO are the 900-plus employees we have on our team, and by putting into place the HR module of the solution, we will have instant access to information that will enable us to better leverage the skill-sets of each of the individuals working for us," said Lundeby.

"In line with our physical expansion, the new solution will centralize our employee information and provide us with greater insight on which departments require new resources," added Lundeby.

Additionally, automation of the payroll will enable QAFCO's financial department to focus on core competencies, rather than dedicate hundreds of hours per month on manual administrative tasks.

"The solution provides significant benefits for both management and employees. Having an automated system means employees will receive salary payments smoothly and efficiently, while the company's decision-makers will have in-depth insight into the most up-to-date cash flow figures," said Lundeby.

The new solution, which is scheduled to be implemented by summer 2004, complements QAFCO's financial software infrastructure from PeopleSoft, deployed in 1999. As part of the information technology overhaul, QAFCO has also purchased four IBM P-Series servers.

"QAFCO is a prime example of how businesses in the region are using technological investment to provide firm foundations for their expansion plans," said Tim Caulkett, Middle East regional director, PeopleSoft. "Industry leaders like QAFCO are building upon their position in the market by streamlining their back-office operations and gaining a clearer overview on financial performance and employee strengths."

PeopleSoft has made major strides in consolidating and building its share of the Gulf enterprise software market in recent months, announcing major deals in the oil and gas, distribution and technology markets.
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About Qatar Fertiliser Company (QAFCO)
Qatar Fertiliser Company (QAFCO) was established in 1969 as a joint venture between the Government of Qatar and a number of multinational firms to utilize Qatar's abundant gas resources for producing ammonia and urea fertiliser. Today QAFCO, the only fertiliser producer in Qatar is jointly owned by Qatar Petroleum (QP) as 75% shareholder and Norsk Hydro Norway as 25 % Shareholder. QAFCO is instrumental to the industrial diversification program of the Qatari Government through the optimal utilization of national resources. QAFCO's establishment formed the basis of the Mesaieed Industrial area. Over the past 25 years QAFCO has progressively developed its productive units, production capacities and product quality. This steady growth and success made QAFCO the largest single fertiliser producer in the Middle East and put Qatar among the leading exporters of Ammonia and Urea in the world. QAFCO inaugurated its first plant in 1973 with a design capacity of 900 tonnes of Ammonia and 1000 tonnes of Urea daily. Through the years, QAFCO plants have been extensively developed and they are regularly modified and modernized to be compatible with the latest technology in order to ensure continuous supply of high quality products. Presently the QAFCO complex comprises three completely integrated trains; QAFCO 1 (1973) QAFCO 2 (1979) and QAFCO 3 (1997). Each train comprises two units, one for production of Ammonia and the other for Urea.

About PeopleSoft
PeopleSoft (Nasdaq: PSFT) is the world's second largest provider of enterprise application software with 12,000 customers in more than 25 industries and 150 countries.

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