Financial Information System
Introduction:
Nishat Group is one of the leading and most diversified business groups in South East Asia and is valued over Rs.300 billion (US$ 5 billion), it ranks amongst the top five business houses of Pakistan. The group has strong presence in three most important business sectors of the region namely Textiles, Cement and Financial Services. In addition, the Group also has reasonable market share in Insurance (Adamjee and Security General), Power Generation, Paper products (Nishat Shoaiba Paper Mills) and Aviation (Phoenix Aviation).
Nishat Mills Limited is the flagship company of Nishat Group. It was established in 1951. It is one of the most modern, largest vertically integrated textile company in Pakistan. Nishat Mills Ltd. is amongst Pakistan’s oldest and most respected institutions in the field of textile processing. Nishat Apparel is a state of the art facility and was incepted in May 2007.
Initially Nishat Apparel used Data Flex for its operational and informational needs. This system was implemented for several years but, as the business was experiencing phenomenal growth, coupled with several inherent shortcomings of the system, the growing information needs of the company along with the technological advancement in the ERP field necessitated Nishat’s move to a more sophisticated and advanced system. These reasons have been detailed as follows:
Issues with initial system (Data flex):
Obsolete:
The version of Data flex that was being used at Nishat Mills was out-dated and no further vendor support was available for it. Nishat was expanding in terms of business and complexity. Thus they required greater support from their system which it was unable to provide. As there was no vendor support to modify the system as per their needs, they had no option else than to switch to an alternative with better vendor support.
Incapable of processing high volume of transactions efficiently:
The expansion of Nishat Mills resulted in a similar increase in
Nishat Group is one of the leading and most diversified business groups in South East Asia and is valued over Rs.300 billion (US$ 5 billion), it ranks amongst the top five business houses of Pakistan. The group has strong presence in three most important business sectors of the region namely Textiles, Cement and Financial Services. In addition, the Group also has reasonable market share in Insurance (Adamjee and Security General), Power Generation, Paper products (Nishat Shoaiba Paper Mills) and Aviation (Phoenix Aviation).
Nishat Mills Limited is the flagship company of Nishat Group. It was established in 1951. It is one of the most modern, largest vertically integrated textile company in Pakistan. Nishat Mills Ltd. is amongst Pakistan’s oldest and most respected institutions in the field of textile processing. Nishat Apparel is a state of the art facility and was incepted in May 2007.
Initially Nishat Apparel used Data Flex for its operational and informational needs. This system was implemented for several years but, as the business was experiencing phenomenal growth, coupled with several inherent shortcomings of the system, the growing information needs of the company along with the technological advancement in the ERP field necessitated Nishat’s move to a more sophisticated and advanced system. These reasons have been detailed as follows:
Issues with initial system (Data flex):
Obsolete:
The version of Data flex that was being used at Nishat Mills was out-dated and no further vendor support was available for it. Nishat was expanding in terms of business and complexity. Thus they required greater support from their system which it was unable to provide. As there was no vendor support to modify the system as per their needs, they had no option else than to switch to an alternative with better vendor support.
Incapable of processing high volume of transactions efficiently:
The expansion of Nishat Mills resulted in a similar increase in