Orascom hires Infor to centralise data to manage affiliates

Egypt's Orascom Telecom has hired business application software provider Infor to help bolster management from Orascom's head office in Cairo, ITNewsAfrica reported.

Infor will deliver financial planning, budgeting, reporting and consolidation for Orascom's 115 subsidiaries. It will also provide "an increase in accuracy, visibility, profitability and efficiency", the company said.

Infor plans to centralise and automate Orascom's data across the globe and to increase its ability to deploy products worldwide through Infor's FMS SunSystems program.

Orascom hopes that the new partnership will enable it to improve its ability to keep tabs on its global affiliates.

Mahmoud Zuaiter, SVP CFO of Orascom, said the centralised data system provided by Infor will enable Orascom to consolidate the financials as well as non-financial data of all subsidiaries and use readily available tools for analytics and reporting.