STANBIC IBTC Stockbrokers goes live on InfoWARE ERP
In July, the largest stock brokerage/investment bank in Nigeria went live on InfoWARE ERP solution!
There’s no shortage of headlines or analyst reports citing ERP implementation debacles and a chilling industry implementation failure rate. Analyst firm Gartner, estimates that 55 % to 75% of all projects fail to meet their objectives. Research firm Standish Group has been doing surveys on all types of IT projects since 1994. Their research, published under the title CHAOS, reveals some surprising facts. The CHAOS research and database shows a staggering 31.1 percent of projects being canceled before completion. The results also illustrate 52.7 percent of projects cost 189 percent of their original estimates. The cost of these failures and overruns are just the tip of the proverbial iceberg. The lost opportunity costs are not measurable, but could clearly exceed the out of pocket expenses.
Most ERP Software Implementations Fail!
The reasons range from underestimating implementation days needed to lack of experienced project owners and the list is endless. In a nutshell, there are very few ERP Vendors that can actually execute software implementations from START to FINISH in all market conditions. InfoWARE Limited is one of them.
You won’t find glitz or glam, bells or whistles… but you will find experienced, dedicated and seasoned project managers with strict adherence to timelines and budget. Simply put, you get the “Best of the Best.”
To add flesh to the bone, recently, InfoWARE Limited implemented our ERP for Stanbic IBTC Brokers Limited (SISL) and we have successfully completed the implementation. In essence, SISL has gone LIVE With InfoWARE ERP, SISL gained a powerful end-to-end, value-chain solution to manage key processes and support its unique business needs. InfoWARE took SISL’s business to the next level by replacing cumbersome manual processes and consolidating multiple legacy systems with a fully-integrated Single-source Global ERP Solution. One of the biggest opportunities for SISL is utilizing InfoWARE ERP to replace solutions from 2 other top ISVs and a few other sofware packages. It is worthy of mention that at the point of deployment/go live, InfoWARE Limited helped SISL achieve cost savings of over N20,000,000.
SISL conducted an extensive selection process in its search for, and implementation of, a fully-integrated, single-source ERP solution. Working closely with InfoWARE project research team, the implementation was primarily handled by experiencd team members on site; Executive Managers were actively involved throughout the implementation to ensure a smooth execution of task , enabling SISL to achieve final cutover to the new system over a weekend.
This is our way of saying that we are not only focused on ACQUIRING customers but we also DELIVER.
As the company continues to position itself for future growth, SISL is in the process of testing the newest release of InfoWARE FIXNET Trader which recently passed NSE certification.
Don’t become an Implementation Horror Story. Let us help you grow.
To request for practical sessions of our ERP solution, please send your request to Oluwafunto.Olasemo@infowarelimited.com or firstname.lastname@example.org or call 08099930534, 07027107895 0r 08057323452.
Also, you can reach us on;
- Skype (SkypeID: infowareonlinesupport)
- Twitter (@infowarelimited)
- Facebook: (www.facebook.com/pages/InfoWARE-Limited/166956833355434)
- E-mail: email@example.com
- Phone: Support line => +234-702-710-7895
- YouTube: InfoWARE YouTube channel