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Daman Investments had an outdated Microsoft Dynamics NAV ERP solution which had reached “end of life” 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the risk of business operations downtime due to unsupported software, failing hardware infrastructure, as well as outdated system functionality to provide accurate and near-time reporting capabilities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

 

contact
 
address: API Trio Tower, Al Barsha 1, Office 2401, Sheikh Zayed Road
phone: 04 430 2686
email: info@oryx.tech

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