More Businesses in Bangladesh Opting for ERP Solutions

Dhaka, Bangladesh, October 15, 2011 --(PR.com)-- IBCS-PRIMAX Software (Bangladesh) Ltd. implements Oracle ERP for PHP Group, one of the largest business conglomerates in the country, having 43 lines of business unit. The five modules of Oracle ERP implemented are General Ledger, Accounts Payable, Accounts Receivable, Fixed Asset, and Cash Management. This recent implementation is expected to streamline business operations across the enterprise which has a yearly turnover of BDT 20 Billion (USD 300 Million) and total assets of BDT 15 Billion (USD 225 Million).

Mohammed Idris, CFO of PHP Group stated, “We are already realizing benefits from this implementation which is ensuring optimization and flexibilities matching our needs and standardization of our core financial business processes.”

Md Abdullah Farid, AGM – IT and Project Manager of the PHP Group further noted, "IBCS-PRIMAX has proved their capability and successfully completed all contractual obligations of the project and assignment to our full satisfaction with a tremendous effort.”

“Businesses today have to rely on their Information Systems not only for support with their day to day operations but also to increase their productivity, meet the vast and changing market demand, and to stay in competition. Organizations now need Enterprise Resource Planning to support their critical business needs,” stated Sheikh Kabir Ahmed, Managing Director of IBCS-PRIMAX, adding that their best practices in software development together with the powerful features of Oracle has been aiding in the seamless execution of business processes.

Being the first Oracle Corporation business partner in Bangladesh and having the largest number of ERP client-base, IBCS-PRIMAX is recognized as an experienced and reliable Oracle ERP implementer in the country. The company having more than 21 years of experience in software development is among one of the six CMMI Level 3 certified companies in Bangladesh. Their ERP solutions have been implemented across a wide range of industry sectors such as Telecommunication, Manufacturing, Educational Institutions, Textiles, Real Estate, Utilities and Financial Companies. Included in their extensive client-list are companies such as Grameenphone, the leading telecommunications service provider in Bangladesh, Abul Khair Group, Karnaphuli Fertilizer Company Ltd. (KAFCO), BANGLALINK and Banglalion - the largest 4G Wireless Broadband service provider in Bangladesh.

PHP Group, founded in 1969 in a different name, has investment in several diversified import-substitute concerns in different sectors like steel, power, glass, shipping, commodity trading and agro-based concerns and is among the highest contributors to Government exchequer. A part of the Group’s profit is allocated to various trusts which are funding a number of educational and healthcare institutions.

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