QAFCO turns to ERP
PeopleSoft has announced that Qatar’s only fertiliser producer, Qatar Fertiliser Company (QAFCO), will implement Enterprise One, which streamlines its human resource, payroll and finance functions and replaces QAFCO’s in-house developed system.
PeopleSoft has announced that Qatar’s only fertiliser producer, Qatar Fertiliser Company (QAFCO), will implement Enterprise One, which streamlines its human resource, payroll and finance functions. The new enterprise resource planning (ERP) infrastructure will replace QAFCO’s in-house developed system.
The new approach at QAFCO 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,” says 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. QAFCI adds that the new solution will centralise its employee information, which falls in line with the organisation’s physical expansion.
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 implementation is scheduled to be completed by the summer of 2004 and complements QAFCO’s financial software infrastructure from PeopleSoft, deployed in 1999.
“QAFCO is a prime example of how businesses in the region are using technological investment to provide firm foundations for their expansion plans. 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,” says Tim Caulkett, Middle East regional director, PeopleSoft.
The 35-year old company is a joint venture between the Government of Qatar (Qatar Petroleum) (QP) and Norsk Hydro Norway, which utilise Qatar's abundant gas resources for producing ammonia and urea fertiliser.