NEWS
UAE
Etisalat to manage Union Insurance IT network infrastructure
Union Insurance has appointed Etisalat to manage its core IT network infrastructure , which will allow the company to focus on delivering insurance products to their customers in the UAE .
As one of the early adopters of Etisalat ’ s Managed Telephony and Data Connectivity solutions , Union Insurance is now outsourcing the operations and management of their entire network including LAN switches , security and wireless infrastructure . The rationale behind this partnership is to achieve operational efficiency , higher business continuity and get access to the latest technology and expertise which allow union insurance to leverage the latest advancements in technology and enable them to become a leading player in digital insurance world .
Abdul Muttaleb M Al Jaedi , Managing Director and CEO , Union Insurance said : “ We are proud to work with Etisalat on the outsourcing of our core infrastructure which has helped us better allocate internal resources on integral projects and core business activities . This is a strategic business decision that will leverage innovation , enhance our competitive advantage
and enable us to deliver superior customer service .”
Salvador Anglada , Chief Business Officer , Etisalat said : “ Organisations are constantly looking at services and solutions to efficiently manage their resources and help them meet future business challenges , while providing cost savings and service level improvements . Outsourcing of these functions provides significant value to Union Insurance in the long run helping the organisation reduce operational expenses , maintain their competitive position and most importantly bring in efficiency , transparency and resilience through new technology . The agreement also helps Union Insurance to stay ahead of the curve with access to Etisalat ’ s expertise which will ensure adherence to industry standards and policies in maintaining this infrastructure .”
Gulf Petrochem Group selects Aspect ’ s cloudbased E / CTRM
Gulf Petrochem Group , the UAE based global oil and petrochemicals conglomerate , has today announced that it has selected cloud-based E / CTRM technology from Aspect to help drive future growth .
The Group , valued at $ 2.5bn is active in oil trading , bunkering , manufacturing and refining , storage , shipping and logistics and related areas , and is a bunkering firm in the Gulf and ARA ( Europe ) regions . The company ’ s continuing success has meant it has effectively outgrown its previous CTRM platform and needed to upgrade .
Niranjan Desai , Gulf Petrochem ’ s Global head of IT Operations explains , “ As our business continues to grow in both scale and by geography , the timely reporting of P & L and inventory across all of our offices was becoming more challenging considering our dependence on disparate legacy solutions that did not integrate adequately . AspectCTRM ’ s complete , fully integrated trade , risk and operations components , and the way it will be able to handle all of the elements of Gulf Petrochem ’ s business activities seamlessly in just one solution are among the reasons it was chosen .”
“ Aspect will give us complete overview of our paper and physical trading , storage , inventory , cargos at sea , bunkering and refining , delivering the same information in real time to our employees around the world . System based oversight monitoring of trades , the ability to handle real-time valuations and reporting of trade positions are some of the key features that convinced us to choose Aspect ’ s C / ETRM solution . Moreover , the integration of ETRM with our existing ERP system will truly form the back-bone of information flow in a controlled environment within GP locations across the globe ,” added Desai . www . intelligentcio . com INTELLIGENTCIO
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