Pak-Qatar Takaful Group has signed MoU with SAP Pakistan for the implementation of SAP modules in Pakistan. By signing this agreement Pak-Qatar Takaful becomes the first company in the Takaful/insurance sector and the second in the whole of financial services industry in Pakistan to implement SAP, achieving yet another pioneering feat.
Speaking on the occasion, CEO Pak-Qatar Family Takaful Limited, P. Ahmed said: "This sizeable investment in SAP is the continuation of our commitment to the people of Pakistan to provide need-based Takaful solutions and exemplary customer-service." Pak-Qatar Takaful Group also invested in the procurement of state-of-the-art PentaTakaful systems from Malaysia, in 2008.
Asim Haque, Director, Financial Services Business, SAP Pakistan said: "We are delighted to be associated with Pak-Qatar Takaful, along with our Partner SHMA, in this project. It is very encouraging that financial services companies like Pak-Qatar Takaful are realising the value that SAP has to offer to the financial industry in Pakistan."
SAP is the world's leading provider of ERP solutions with a global turnover of over US $12 billion. Today, more than 38,000 companies in more than 120 countries run SAP applications with 12 million users, from distinct solutions addressing the needs of small businesses and midsize companies. SAP currently employs more than 51,400 people in more than 50 countries. Omer Morshed, CEO, SHMA, commented: "SHMA has been in the forefront for introducing the concept of Takaful in Pakistan. SHMA is proud and privileged to be associated with Pak-Qatar Takaful Group's pioneering initiative of implementing SAP."-PR
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