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Forum on 'post - war evolution on integrated Systems in Sri Lanka'

Sri Lanka's economy grew by an impressive 8% in 2010, reflecting a fast recovery from the setback suffered for many years and moved to a high and sustainable growth path. All key sectors of the economy demonstrated commendable performance in 2010, underpinned by the peaceful domestic environment, and improved investor confidence, favourable macroeconomic conditions and gradual recovery of the global economy from one of the deepest recessions in history.

"In harnessing this growth companies will require high-end integrated system solutions, which are discussed at the special forum, 'The Post-War Evolution of Integrated Systems in Sri Lanka,' organised by Abas Software AG and Providence Network and Solutions (Pvt.) Ltd. This forum will be held on 4 May 2011 at 6 p.m. at Cinnamon Grand Colombo with the participation of industry leaders, business tycoons and other stakeholders who take a keen interest in the economic development in macro as well as at micro levels," said Providence Network and Solutions (Pvt.) Ltd. Managing Director Dr. Vaz Gnanam.

Talking about high-end integrated systems Dr. Gnanam said: "Enterprise resource planning (ERP) is a software system that manages both internal and external resources, including financial resources, tangible assets, materials and human resources. It builds on a centralised database that utilises a common computing platform. ERP systems bring all business operations into one uniform and enterprise-wide system environment. As new products and product lines become available in a company, along with new customers, ERP consolidates how the information will be available for use by management. New products always pose a problem because the company has no record of product performance to which to refer."

"However, ERP allows tools to be used in which you lay out expectations, explain design specifications and make sure no unintended consequences ensue. ERP also assists in supporting global business requirements, some of which may involve multiple languages and currencies. Making or selling products overseas presents its own set of issues, and ERP can advise on the different parameters that management must be aware of in dealing with business conditions in different countries,” he added.

Although up-to-date information and data on integrated systems are not found in Sri Lanka, the Central Bank has recently stated in its annual report 2010 that the entire information technology sector played a key role for the economic stability while opening up the doors for national development for all sectors. When taking a closer look at the last year’s growth, computer and information services subsector showed a satisfactory improvement.

Providence is a dynamic software engineering, business consulting and IT services provider enabling clients to leverage expertise in the IT and consulting arenas. Providence has a proven track record in delivering high quality software engineering products and services at lower costs using its proven and industry renowned delivery model.

Providence partners with its clients and helps them achieve their business and IT needs right from the start to the end of the project lifecycle. It brings the best ideas and skills from various facets right to its clients' doorstep through its expertise and team of qualified consultants.
 

Competitive Advantages with ABAS

Challenges faced by businesses in an active market environment are greater than what an average person could imagine. Unless drawbacks are identified and addressed effectively to maximize the return on investment, the chances are high that such ventures would lose ground to competitors.

The cement industry is not an expectation to this global norm. Tokyo Cement Colombo Terminal happens to be a key venture in Sri Lanka that plays a bigger role catering to the national requirement in the construction industry. During the recent past, amongst many other multinationals engaged in cement manufacturing and trading in the island, Tokyo Cement faced some considerable disadvantages over effective planning and utilization of its resources against technological enhancements introduced by its competitors. According to Thiloka Jayawardena, Finance Manager of Tokyo Cement Colombo Terminal (Pvt) Ltd. these issues were identified and rectified pushing the company forward by introducing a solution, which was the turning point. "The solution that presented itself to overtake our competitors was Abas ERP. It covers all business fundamentals including business intelligence, which is vital for an organization of our scale in addition to the cost effective ERP solution system, which performs up to our expectations," explained Jayawardena.

"Among the many unique features found in Abas ERP we feel comfortable with its inherent database and the ability to customize. Adding more to it, we have the ability to seek support from the local partner Providence Network & Solutions (Pvt) Ltd. as well as Abas Software AG in Germany." added Jayawardena who recommends Abas for any organization looking for strategic growth.
 

Tokyo Cement Colombo Terminal Chooses Abas ERP Distribution

Tokyo Cement Colombo Terminal chooses Abas ERP Distribution to enable them in today's market. Following an evaluation Tokyo Cement Colombo Terminal has found Abas ERP Distribution to be compliant with their processes and systems. The system being Linux compliant reduces the overall cost of ownership and a quicker ROI is expected following implementation.