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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