Orascom Holding to cut budgeting and reporting time by 50% with Infor PM

Infor, a leading provider of business application software serving more than 70,000 customers, today announced that Orascom has deployed Infor’s Performance Management solution at its head office in Cairo. The solution will provide financial planning, budgeting, reporting and consolidation for its 115 subsidiaries, increasing accuracy, visibility, profitability and efficiency.

Infor PM will help centralize and automate the capture of financial data across Orascom’s 115 subsidiaries all over the globe, incorporating Orascom Development Holding.

The Infor financial products deployed at Orascom’s offices include Infor PM (Performance Management) and Infor FMS SunSystems (Financial Management).

Infor’s channel partner, ACT, worked with Orascom to provide support, project management and consultancy services in order to help tailor the solutions to the needs of the real estate & construction, tours operation, town management and hospitality sectors within Orascom.

Infor PM is a comprehensive solution that includes strategic management tools, planning and budgeting, forecasting, financial consolidation and reporting and analysis. It will enable Orascom to use a variety of planning methodologies and ‘what if’ scenarions. Infor PM will also help Orascom create realistic budgets and accurate forecasts, identify trends, and confidently report to stakeholders and decision makers.

Infor PM’s analytical reporting tool provides dashboards to clearly define and communicate the status of a project and identify Key Performance Indicators in each country and collectively at a group level.

Infor FMS SunSystems will help Orascom meet local and international standards for financials, and provide flexible comprehensive business analysis with integrated business analytics.