Home / Seef Properties deploys Oracle

Seef Properties deploys Oracle

Oracle Middle East, today announced that Bahrain’s Seef Properties one of the Middle East’s largest property developers have successfully deployed modules of the Oracle E-Business Suite to further integrate its financial and purchasing operations.

Oracle Middle East, today announced that Bahrain’s Seef Properties one of the Middle East’s largest property development and management companies have successfully deployed modules of the Oracle E-Business Suite to further integrate its financial and purchasing operations.

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 developer believes that by consolidating Seef Properties' financial and purchasing systems the company can accurately plan and forecast in a competitive commercial property market besides 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,” says Paul de Nicola, CEO of Seef Properties.

Opened in 1997, and developed by Seef Properties, the 100,000 square metres Seef Mall was designed by Raglan Squire and Partners, and is estimated to be one of the largest properties in Kingdom of Bahrain.

“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 adds.

“In a hotly contested industry, 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,” says Husam Dajani, Oracle vice president for the Middle East.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

CHANNEL AWARD 2018