KFH reduces operating costs with Oracle HR rollout

With Oracle HRMS deployed the Islamic financial institution will enhance its efficiency and reduce its costs per employee.

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By  Greg Wilson Published  February 12, 2002

In an effort to enhance its overall business processes and increase its efficiency, Kuwait Finance House (KFH) has deployed Oracle’s Human Resource Management System (HRMS).

With the system implemented the Islamic financial institution hopes to enhance its efficiency and reduce its costs per employee.

“Streamlining back-office processes is critical to a bank’s overall service and profitability, as greater efficiency and lower costs enable organisations like KFH to better serve our customers as well as our employees,” said Abdulla Al Suwaiti, KFH’s human resources & services department manager.

“The human resources solution will enable us to significantly reduce administrative procedures, optimise our staff, and improve the speed and effectiveness of business,” he added.

Oracle’s local partner Rekaz Systems carried out the project, which will connect 1,250 employees to the system.

“After a competitive bidding process, the bank chose Rekaz Systems as its technology partner for this project based on the company’s proven experience in understanding the needs of financial businesses and delivering superior solutions to fulfil them,” said Esam Al-Kheshnam, Rekaz Systems’ sales director.

“In the case of KFH, in particular, we ensured that the IT solution provided was localised to conform to Kuwaiti law and customised to meet KFH business requirements,” he added.

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