NEWS
Alghanim Industries scoops award for
payment process project
Bhattiprolu, Senior Manager, Corporate Treasury received
the award for the Best in Class Treasury Solution in the
Middle East category, for completing the Payment Process
Excellence project.
Launched and completed within 12 months without
compromising workflow, the Payment Process Excellence
Project unifies transactions in Alghanim Industries’ 300 plus
bank accounts, spread across more than 20 business units,
with a new system. The new system centralises all payments
securely across different business units of Alghanim
Industries, working integrally with built-in systems. This new
wide-reaching solution is in line with Alghanim Industries’
ongoing efforts to enhance corporate finance and funding,
risk management, governance and cash management across
all its businesses and bank accounts.
A
lghanim Industries, one of the largest privately-owned
companies in the Middle East and founded in Kuwait, has been
recognised at the Adam Smith Awards 2018.
Representing Alghanim Industries, Richard Quinlan, Corporate
Controller; Sonal Gupta, Head of International Accounts; and Pramod
Having the new system in place automates processes and creates an
easier workflow, improving financial visibility and increasing security
throughout the transaction process; in essence, implementing the
Payment Process Excellence Project has allowed the company to
improve its infrastructure in ways that are ground-breaking to the
local market.
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KDIPA chooses IBM cloud to host its
IT environment
I
BM has announced that the Kuwait
Direct Investment Promotion Authority
(KDIPA) has chosen IBM Cloud to host
its IT environment. KDIPA is one of
the implementing arms of Kuwait’s
development strategy, tasked to promote
direct investment in the country.
Since its inception, it has relied on its own
on-premise, in-house IT infrastructure. Its
applications and data were stored in its own
data centre.
As the organisation grew, it needed to find a
security-rich alternative to host its business-
critical applications and data, while having
the ability to securely and instantaneously
customise its requirements and control its
security needs at any point in time.
It also wanted to reduce the time being
consumed on upgrading its IT infrastructure
and managing its physical data centre.
www.intelligentcio.com
Following its tendering process, KDIPA decided
that the IBM Cloud best fits its current
needs, given its security-rich architecture
and IBM’s industry and enterprise expertise.
To help enterprises around the world gain
valuable insights from their data, IBM Cloud
provides clients with an extensive global data
centre network spanning 19 countries, next
generation cognitive services and enterprise-
strength security and industry expertise.
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