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A Suite Deal: How Epicor Sets Middle East Manufactures Up for Digital Success

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ERP Solutions

Amidst evolving technology, ERP solutions are entering a transformative phase, driven by advancing AI integration. This rapid change has called the Integrator to interview with Mr. Vibhu Kapoor, Regional VP for the Middle East, Africa, and India, Epicor. In this role, he leads the expansion of Epicor business across the region. Exploring AI integration and cloud-native evolution, we delve into ERP solutions and Epicor innovations in this segment, and their major successes.

How is the role of ERP evolving, and what are the key changes that businesses should be mindful of when considering the adoption of ERP solutions for their operations?

Enterprise Resource Planning (ERP) stands on the cusp of another evolutionary phase today. Over the past 50 years, this technology has transformed to reach its present state. Yet, further transformation is underway, characterized by the integration of AI directly within the ERP framework. While ERP solutions are already accessible through the cloud, there is a deeper push towards full cloud-native integration. Moreover, ERP’s evolution aligns with the data-centric nature of today’s global economies. It must effectively harness the data existing within an organization. It is this progression that is defining the trajectory of ERP technology.

Turning to the crucial question you raised about what organizations should prioritize when adopting ERP, the initial step is to comprehend the purpose behind seeking an ERP solution. Viewing ERP as more than a mere remedy for specific current business challenges is imperative. Instead, it should be regarded as a strategic asset that contributes to long-term objectives, and extending value beyond immediate challenges. A holistic approach considers digital strategy alignment and recognizes the importance of ERP as a foundational element. While scalability and cloud integration matter, the focus is on complete cloud-native integration, spanning databases to analytics. Industry alignment is crucial, ensuring ERP accommodates specific functionalities and business needs, for informed decisions and operational success.

How does Epicor distinguish itself from competitors? Furthermore, could you elaborate on how your solutions contribute to enhancing transparency of operations and supply chain?

In the competitive landscape, Epicor sets itself apart through a combination of unique attributes. Each player in the market possesses its own strengths and specialties. We at Epicor, with our flagship ERP solution, Epicor Kinetic, have etched a distinct niche by catering to enterprises, particularly in the manufacturing sector, while concurrently emerging as a preferred cloud vendor. This strategic positioning enables us to be the top-of-mind choice for businesses seeking cloud-based solutions. This positioning has become a hallmark of our identity.

Another pivotal factor distinguishing us is our proactive approach to challenges. Recently, we launched our Data Center offering, hosted on Microsoft Azure, in the UAE. This initiative underscores our commitment to regional customers by addressing concerns such as latency, data governance, and sovereignty issues. By preemptively establishing a locally delivered cloud solution, we mitigate potential hurdles, showcasing our forward-looking approach and dedication to customer-centric solutions. This initiative reinforces our competitive advantage and sets us apart.

Epicor bridges the gap between SMEs and large enterprises, offering unparalleled adaptability and scalability. Our solutions serve diverse clients, from mid-market to multi-billion-dollar conglomerates, seamlessly transitioning across scales. Moreover, our industry-specific focus, especially in manufacturing, is powered by Epicor Kinetic, addressing unique needs with a modular approach and industry expertise.

In summary, Epicor stands out from the competition by three defining factors. Our cloud-first approach, complemented by industry specialization, and the capability to cater to businesses of varying scales, positions us favorably in the market. By consistently meeting the dynamic demands of SMEs, facilitating smooth transitions to enterprise-level operations, and honing in on industry-specific requirements, we offer a comprehensive value proposition that distinctly sets us apart from the competition.

Could you please explain the significance of EPICOR solutions beyond the core ERP, such as content management and data analysis? How do these offerings bring value to businesses?

When we discuss ERP, the focus often remains on the comprehensive suite of functions it encompasses, including finance, inventory, supply chain, HR, CRM, and more. However, Epicor goes a step further by offering specialized solutions beyond the traditional ERP framework. Let’s delve into a few of these offerings and understand the benefits they deliver.

First consider Epicor Enterprise Content Management (ECM). This product is a game-changer in document management practices. It leverages intelligent data capture and machine learning, incorporating substantial AI elements. ECM automates processes like invoice handling through well-defined workflows. The result? Enhanced accuracy, reduced processing time, and heightened productivity. Businesses of varying sizes find value in this solution, making it a popular choice.

Another notable offering tailored particularly for the manufacturing sector is the Epicor Advanced Manufacturing Execution System (MES). Operating within the framework of industry 4.0, this powerful solution optimizes manufacturing processes. It achieves this by providing real-time visibility, control, and insights into production operations. The outcome is heightened efficiency, cost reduction, and overall productivity enhancement. MES not only monitors production in real time but also efficiently manages shop floor resources, leading to significant efficiency gains.

Importantly, this solution empowers decision-making from the shop floor to the top floor. While traditional ERPs often focus on top and mid-level management, MES extends its reach to data generated by production machinery itself. This capability provides a holistic view of operations and informs better decision-making at all levels.

Moving forward, Epicor CPQ (Configure, Price, Quote) emerges as a critical solution in our portfolio. CPQ simplifies and automates processes across three key departments: sales, engineering, and manufacturing. It offers dynamic 2D and 3D product configuration through visualization tools. These tools empower sales teams, distributors, and even website visitors to understand complex product offerings in a visually comprehensible manner. This is especially useful for industries like retail and construction, where customized solutions are integral.

Lastly, Epicor Financial Planning and Analysis (EFP&A) is another of our standout products, offering budgeting, planning, forecasting, reporting, and consolidation atop the ERP in a user-friendly platform. With a modular approach, it enables building on existing ERP foundations, introducing solutions like ECM, Advanced MES, or CPQ as required. Even non-Epicor ERP businesses can adopt and integrate these solutions. The extended offerings from Epicor transcend traditional ERP capabilities, enhancing operational efficiency by addressing specific business needs.

How does the cloud contribute to improving data accessibility, availability, and security for businesses?

The cloud offers a streamlined infrastructure, reducing capital requirements and complexity compared to hardware ownership. Businesses gain a comprehensive package encompassing software, hardware, databases, and security, tailored to their ERP solution. Cloud-based ERP solutions enable seamless scalability, flexible workflow adaptation, and eliminate the burden of upgrade cycles for existing on-premise customers. Maintenance, security, and refreshes are managed externally, freeing resources from operational concerns. Transitioning to cloud ERP minimizes physical infrastructure management challenges, ensuring data management, accessibility, and security while reducing costs.

Can you provide some examples of recent business successes through your engagement with your channel partners?

The Epicor partner ecosystem is a crucial facet of our operational ecosystem. Our qualified partners, not only provide wide-scale reach but also bring tailored expertise to diverse markets across the Middle East.

A recent noteworthy accomplishment involves our success with Abu Dhabi Precast (ADP), made possible through our partnership with Index Infotech. Our joint efforts with this partner resulted in a tailor-made implementation of Epicor Kinetic deployed in the cloud, aligned precisely with ADP’s requirements. ADP, operating in the precast and concrete manufacturing industry, sought a solution that addressed their unique needs. Through our partnership with Index Infotech, renowned for their vertical expertise, we provided a comprehensive solution not only for ADP but also for the broader precast industry.

ADP’s journey with Epicor Kinetic has been transformational. The solution enabled them to meticulously track budgets and expenditures across all phases of production, transportation, and site installation. This granular visibility translates to optimizing resource allocation, achieving cost savings of at least 5% in raw material expenses, and boosting overall efficiency. The cloud-based nature of the solution has further empowered their remote workforce and diverse sites by enabling real-time connectivity and intuitive access to critical data.

The remarkable outcome is evident in ADP’s swift achievement of full return on investment within just two years. This accomplishment goes beyond the initial implementation, reflecting our commitment to continuous improvement through ongoing upgrades and enhancements.

Looking ahead to 2024, what are your goals and aspirations for the Middle East and region?

Looking ahead to 2024, our focus remains unwavering as we strive to elevate our Epicor visibility and value proposition within the community. Our primary objective is to continually emphasize the value of our solutions amidst market trends. Additionally, we are committed to the ongoing empowerment and skill enhancement of our channel partners, ensuring their readiness to cater to diverse industries and sub-verticals. Recruiting specialized partners for key solutions like ECM, manufacturing execution systems, and CPQ is a priority, while also meeting the surging demand from government initiatives and leveraging the power of data through a data-driven ERP, constitutes pivotal objectives for the coming year.

 

 

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THIRD EDITION OF BENTLEY’S EXTRAORDINARY WOMEN INITIATIVE WELCOMES STUDENTS FROM THE UK AND QATAR TO CREWE

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Extraordinary Women

The third edition of Bentley Motors’ Extraordinary Women initiative has concluded with students from universities in the UK and Qatar spending a week at the luxury car brand’s headquarters in Crewe, England. As part of a specially designed schedule, they met with Bentley experts and executives, went behind the scenes of its manufacturing operations, and tackled individual tasks.

Designed to encourage and develop the next generation of young female leaders, the 2024 edition of the Extraordinary Women programme has seen the students receive one-on-one mentorship over the past three months from a selection of inspirational Pioneers from the fields of technology, engineering, design, and business.

The students, who passed through a structured selection process focused around these four specific fields, came from a variety of participating universities: including The University of Doha for Science and Technology in Qatar, and the Universities of Bath, Loughborough, and Manchester Metropolitan in the UK.

Noora Al-Hajri, University of Doha for Science & Technology student, commented, “This experience has been nothing short of life-changing. Through the programme, I have gained invaluable knowledge and skills that will significantly impact my personal and professional growth. The opportunity to learn from inspiring mentors in both Qatar and the UK has been particularly enriching. Their guidance has broadened my horizons, challenged me to think critically, and empowered me to pursue my dreams with renewed confidence. The opportunity to visit the Bentley headquarters at the end of the programme has also been truly awe-inspiring. Thank you, Bentley, for believing in us and for creating such a transformative programme.”

The Pioneers were equally carefully selected. In the UK, entrepreneur Sara Davies MBE, founder and owner of Crafter’s Companion and TV personality from BBC One show Dragons’ Den, provided business mentorship, with Cecilia Harvey, founder of Tech Woman Today, offering the same in the field of technology.

Titi Oliyide CEng MIET, Senior Process Safety Engineer and winner of the 2023 Young Woman Engineer of the Year, mentored the engineering student, and renowned interior designer and Founder of Studioilse, Ilse Crawford provided design support.

The four Qatari Pioneers included Qatar’s UNESCO art ambassador, Muna Al-Bader, in the field of design. Dr Noora Fetais Al Marri, honoured by the Arab Women of the Year 2024 awards for her contributions to cyber security. Education and founding President of the Arab Association for Cyber Security, offered technology mentorship.

Covering the field of engineering was Dr. Hanan Farhat, founder of the Qatar Association for Women Engineers, and Dr. Buthaina Al Ansari in the field of business, who is a senior advisor at the organisation that established Tamkeen Training and Consulting Solutions.

Member of the Board for Human Resources at Bentley Motors, Dr. Karen Lange, commented, “With every year, the Extraordinary Women programme grows stronger, as exemplified by the quality of this year’s Pioneers, all who have generously given their time in the spirit of collaboration as we seek to build a legacy for young women. It has been a great honour to meet and engage with such talented young women during their visit – witnessing their energy and ability fills me with great optimism for the future.”

Launched in the UK and Middle East in 2022, the Extraordinary Women initiative has previously engaged students and Pioneers from the United Arab Emirates, Saudi Arabia, and the United Kingdom. It forms part of Bentley’s wider commitment to diversity, equity, and inclusion under its Beyond100 strategy, and was created to encourage women to explore a variety of career paths in the STEM and automotive sectors.

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Financial

Reem Finance signs with Network International to accelerate digital transformation

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Network International (Network) has announced the signing of a strategic partnership with Reem Finance, the leading financial services provider in the UAE. The strategic alliance aims to leverage Network’s expertise to provide a fully-fledged payment processing solution to support the digital transition.

The partnership with Network complements Reem Finance’s focus on offering customers with a unique banking experience in tune with the digital age. The scope of services includes a comprehensive range of products and services from transaction processing, card hosting and management, as well as value-added services. As the region’s largest payment solutions company, Network is committed to supporting the UAE financial services sector by providing innovative solutions to customers and enhancing the experience of consumers.

Navneet Dave, Managing Director & Co-Head of Processing – Middle East at Network International, commented, “We are thrilled to partner with Reem Finance as we jointly deliver innovative digital payment solutions that offer an effortless and secure experience for customers. Our collaboration builds on Network’s three decades of experience and expertise in creating world-class digital payments infrastructure and services for clients. It underscores Network’s commitment to empowering our partners with cutting-edge processing services and value-added solutions and driving growth in the UAE financial services industry.”

Mr. Seraj Faidi, CEO of Reem Finance,said: “As part of our ongoing commitment to enhancing the quality of our products and services for our esteemed clients, and in light of our recent collaborations with prominent service providers and partners, we are delighted to partner with Network International to explore innovative paths to accelerate digitizing our services to better serve our customers. This engagement is an important step for Reem Finance in expanding our capabilities to provide top tier, friendly and easy to use services to our customers. We are confident that with Network International, the processing of card transactions related to both consumer and commercial sectors will be state-of-the-art and seamless. We are committed to playing a vital role in elevating the financial system in the UAE, delivering value to our shareholders, and prioritizing the needs of our clients.”

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Financial

Wio Bank Redefines SME Banking with New Embedded Finance

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Wio Bank PJSC is introducing a new embedded finance service designed especially for the UAE’s small and medium-sized enterprises (SMEs). This initiative includes strategic partnerships with leading accounting software platforms Zoho Books, Fiskl and Wafeq, aiming to embed banking services into daily business operations and simplify financial management.

Wio Business, the bank’s first digital banking application, caters to micro, small, and medium enterprises (MSMEs), as well as freelancers and entrepreneurs. By directly integrating with accounting and financial management systems through APIs, Wio Business facilitates seamless financial workflows, enhancing management and eliminating the need for third-party intermediaries. This integration automates bookkeeping, significantly reducing manual labor and allowing businesses to concentrate on their core activities.

Jayesh Patel, Chief Executive Officer of Wio Bank PJSC, shares his vision for the new service: “By adopting Embedded Finance, we are transforming how businesses manage their finances. Our direct integration initiative simplifies how financial services are delivered and managed, making it easier and more transparent for SMEs.”

With over 94% of UAE businesses categorized as SMEs and significant contributors to employment, Wio Bank’s new service is tailored to meet a vital market need. This initiative, along with its strategic partners, is designed to simplify business operations, allowing them to thrive by focusing on growth rather than administrative financial tasks.

A New Era of Financial Management

Through Wio Business, companies can now link their accounts with selected software platforms such as Zoho Books, Fiskl, and Wafeq, offering a holistic view of their financial health. This integration eliminates the dependency on third-party intermediaries, simplifies financial workflows, ensures real-time financial insights with automatic updates, and streamlines accounting tasks with features like auto-reconciliation of bank statement. Additionally, integrating Wio Business APIs into Corporate ERPs and payment platforms facilitates automated account payables and instant transaction reconciliation, thus reducing manual labor and errors, and enhancing cost efficiency and operational gains.

Wio Bank was established to redefine banking in the UAE for both businesses and consumers. Its second digital offering, Wio Personal, is a day-to-day banking platform that changes how individuals see, manage, and grow their money. It provides users with unprecedented financial visibility and flexibility, serving as a foundation for achieving personal financial goals with an engaging experience that includes smart cards and exciting rewards.

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