This week InfoWARE scored a major win over SAP and 3i-InfoTech. After over 1.5 years evaluation conducted by PWC and an in-house team, a major financial institution in Abuja, Nigeria selected InfoWARE ERP solution over SAP to run their business. This further validates InfoWARE ERP as a best of breed solution better adapted to emerging market conditions with superior ROI, better ease of use and lower cost of ownership. In addition, the choice of our cloud SaaS deployment will speed time to market while allowing for unprecedented scale out capability.
The initial evaluation field was 4 companies which included 3i-InfoTech and eventually InfoWARE and SAP were left standing. SAP had the advantage of being a known global brand which most evaluators would consider “safe”. However, InfoWARE ERP solution’s breath of coverage, out of the box functionality, knowledge and expertise of the industry, low cost of ownership and proven ability to proactively adapt quickly to changing business and regulatory requirements eventually won them over.
The financial industry in Nigeria where this client operates is poised for strong growth over the next few years. The client wanted a one stop solution with little to no integration costs that would provide business financials, multi-branch and multi-company financial reporting, investment banking and wealth management, Loan origination and management, Document management, Business intelligence and analytics to provide critical business insight to management, Executive Dashboards and to top it up, Risk monitoring and risk management that covered every aspect of their business. Then they wanted scale up and scale out capability that would enable them deploy the modules in phases, open multiple branches without missing a beat and without having to hire a boatload of consultants for integration. The InfoWARE ERP cloud solution won in being the most ideal fit.
Summary
This is a strategic win for InfoWARE ERP and cloud SaaS based on InfoWARE’s best of breed solution for financial institutions. This win over SAP and 3i-InfoTech, two large multinational companies once again emphasizes InfoWARE’s leadership in technology and applications in the fast growing emerging market economies.
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