Al-Falak, a leading IT and Communications solutions provider in the GCC (Gulf Cooperation Council) region recently conducted a specialist training programme in PeopleSoft's EnterpriseOne Real Estate Module for its clients in the real estate sector. The programme, held at the company's corporate headquarters in Al Khobar, Saudi Arabia, sought to leverage the advantages of the software in maximising efficiencies and productivity gains for real
estate organisations in the Middle East.
"The property development sector in Saudi Arabia is thriving and bigger construction projects are on the drawing board. This has raised the expectations of both owners and tenants. But the interaction between the two; the management and maintenance of the properties; and detailed accounting procedures are exceedingly complex and time consuming. Many organizations face the challenge
of processing transactions and reporting across their real estate portfolios in an efficient and timely manner. Basic tasks - such as tenant billings - that have traditionally been processed in a decentralized environment can be extremely time-consuming. This decentralized processing can also lead to communication barriers between corporate offices and property sites," explained Ahmed Ali Ashadawi, President and CEO, Al-Falak.
"Such delays can increase operational costs, as well as dull the competitive edge of an organisation. While, the choice to implement EnterpriseOne Real Estate Module would be the first step to ameliorating the situation; optimum
benefits can only be derived from effective implementation. This is where training plays such an important role. Al-Falak's decision to organise this training programme is part of the company's commitment to its large client base in the Middle East real estate sector. The objective is to
maximise benefits for existing clients, as well as deliver information to potential clients in search for the right solution for their real estate management," said Ashadawi.
© 2004 Mena Report (www.menareport.com)
