DMCC deploys Wipro solution

In fulfilling its mandate, DMCC developed the DCR system as a value-added product in line with the needs of the growing market and its participants, both direct and indirect. The stakeholders for this product include commodity trading companies, raw materials processors, logistics providers, storage/warehousing firms and banks.

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By  Angela Prasad Published  March 9, 2005

Dubai Metals and Commodities Centre (DMCC) has successfully implemented the Dubai Commodity Receipts (DCR) application. As part of the project, services firm Wipro developed business processes for DCR. The IT major implemented the application on time and within schedule, with high security features and has integrated the solution with the existing corporate portal of the group. “The role of Dubai as a commodity marketplace extends far beyond the borders of the United Arab Emirates, not only supplying the local market, but also to act as transhipment and staging point for the Middle East and more distant international markets. DMCC's mandate is to increase the value and volume of traded commodities in Dubai, having regard to this broad market scope,” says Dr. David Rutledge, acting CEO of DMCC. In fulfilling its mandate, DMCC developed the DCR system as a value-added product in line with the needs of the growing market and its participants, both direct and indirect. The stakeholders for this product include commodity trading companies, raw materials processors, logistics providers, storage/warehousing firms and banks. “We are proud of our association with DMCC for this prestigious project. We are committed to the region and successful completion of such marquee projects is just another way of reiterating that commitment to our customers,” says Rajat Mathur, Wipro’s vice president for international operations. “Wipro leveraged on the global delivery model for the execution of the project. We are delighted that this innovative product for commodity financing has been well received by the stakeholders. We look forward to our continued association with DMCC,” he adds.

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