The Yusuf Bin Ahmed Kanoo Group, one of the largest independent family-owned multinationals in the Middle East, announced today a digital transformation partnership with global technology company SAP to bolster the region’s diversified economic growth.
The Yusuf Bin Ahmed Kanoo Group operates an extensive portfolio of divisions in shipping, logistics, travel, industrial and energy, capital, and real estate across the Middle East, Africa, Europe, and Asia.
With innovative capabilities that will support the digital transformation aspirations of the Yusuf Bin Ahmed Kanoo Group (YBAK) businesses, YBAK has strategically chosen to partner with SAP with their S/4 HANA cloud solution. This initiative will help to consolidate the data from disparate systems into one centralized solution, and accelerate the automation of manual processes. YBAK looks forward to leveraging SAP’s best-in-class technology for its Group Finance and Industrial and Energy divisions.
Through this implementation YBAK group will have the business capability to make informed business decision based on real-time analytics through SAP technologies.
"As the Middle East’s investment, travel, and energy needs grow, the Yusuf Bin Ahmed Kanoo Group needed to operate at the highest levels of productivity," said Khalid Mohamed Kanoo, The Chairman of Yusuf Bin Ahmed Kanoo Group "Our digital transformation with SAP will deliver real-time dashboards and instant financial reporting to ensure our competitiveness, competence, and fairness. We are driving sustainable excellence to optimize customer service and support regional economic visions to 2030 and beyond."
In its digital roadmap, the Yusuf Bin Ahmed Kanoo Group will work with the channel partner Kaar Technologies to deploy a wide range of solutions. The Group will mark the Middle East’s first deployment of the SAP S/4HANA Private Cloud Edition, along with the SAP Analytics Cloud solution. The SAP Cloud Platform will also integrate between SAP and non-SAP systems, including mobile applications.
"Conglomerates such as the Yusuf Bin Ahmed Kanoo Group need to have full visibility on all lines of business – and that requires a foundation of real-time technology," said Ahmed Alfaifi, Senior Vice President and Managing Director, SAP Middle East North. "The Yusuf Bin Ahmed Kanoo Group shows how a regional conglomerate can digitally transform into an Intelligent Enterprise, and lead global innovation in fields such as investment, travel, and energy."
Photo caption (from left to right): Ahmed Alfaifi, Senior Vice President and Managing Director, SAP Middle East North and Mohamed Kanoo, The Chairman of Yusuf Bin Ahmed Kanoo Group
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