case study
a success story
“IT governance”
Daman Investments
the challenge
Daman Investments had an outdated Microsoft Dynamics NAV ERP solution which had reached “end of life”
Daman needed to upgrade the application to provide real-time, accurate data in one system – improving efficiencies, controlling cost and optimizing financial reporting
Daman was facing the risk of business operations downtime due to unsupported software, failing hardware infrastructure, as well as outdated system functionality to provide accurate and near-time reporting capabilities
the finance department was unable to provide senior management with required accurate reporting and relevant business related key performance indicators (KPI’s) on an ongoing basis
Daman Investments (Daman) is a leading provider of non-banking financial services with a proven history of successful investments through consistent application of the core values of quality, accountability and transparency
Daman has more than AED 5bn in assets under management
Daman have distinguished themselves by offering innovative investment products and services to both regional and international clients through investment management, venture and development capital investment opportunities, as well as their regional brokerage operations
the solution
oryx upgraded the existing Microsoft Dynamics Navision 4.0 ERP implementation to its latest version Microsoft Dynamics Navision 2016 providing Daman with a robust and dynamic system incorporating all the latest state-of-the-art functionality
in addition, oryx consulting supported Daman Investments in migrating all master data, account ledgers and reporting templates
the newly introduced reporting functionality now allows Daman personnel to provide near-time business analysis, forecasting and financial reports on request in modern, information centric dashboards
the results
today Daman has significantly reduced hours of manual labor to compile transactional information, provides better and more accurate visibility into key business operations; allowing senior management quicker decision-making thus allowing management to act and react based on more profound and current information
improved employee productivity and effectiveness supported Daman to achieve very fast user adoption as day to day tasks were optimized with more time dedicated to strategic analysis of financial business processes
