30th December 2019 — a leading consulting, technology, and outsourcing firm headquartered in the UK, Abacus, today has announced the successful go-live implementation of SAP Business One on HANA for Falcon Group. The implementation will allow the group of companies to transform its business processes, deliver next-gen human capital management using Abacus’s HCMOne, and automation of intercompany consolidation leveraging powerful capabilities of HANA.
“Falcon Group is one of the fastest-growing conglomerates in Iraq, spanning our businesses across diversified industrial sectors including real estate, oil & gas, security, agriculture among many others.
With the rapid development in Iraq combined with the digitalization of businesses across industries, we needed to innovate and modernize our processes across the group of companies to remain competitive”, said, Samer H. Alssabagh, Chief Financial Officer at Falcon Group. “We selected Abacus as our transformation partner owing to its stellar performance across SAP portfolio,” he added.
With nine companies operating under its umbrella, the group did not have complete visibility across its subsidiaries and sister companies, thus lacking standardization and better controls. Launching the new software is a part of a strategic project to restructure the accounting information system (AIS) of Falcon Group for compatibility with the international financial reporting standards (IFRSs). This project was led by Group’s CFO, Dr Samer H. Alssabagh and sponsored by Group’s Chairman & CEO, Mr Peshraw Majid Agha.
“We are pleased to be able to help Falcon Group in their business transformation journey.” “SAP has been a strong partner for us, with hundreds of SAP implementations under our belt. Combining powerful capabilities of SAP Business One HANA with our proven expertise and practices, allow our customers to drive tangible business outcomes”, said Abbas Khan, CEO at Abacus.
Abacus is an SAP Gold Partner, a proud member of a Global Partner Executive Council (GPEC) and a recipient of SAP Partner of the Year MENA award (2017 & 2018).
Abacus Cambridge Partners is a leading consulting, technology and outsourcing firm, helping global customers to accelerate business transformation by quickly converting ideas into innovative, secure, and scalable business solutions. Combining unmatched experience and specialized skills across more than 40 industries and business functions, Abacus works at the intersection of business and technology to help organizations meet their key priorities and create sustainable value for their stakeholders. Headquartered in the United Kingdom, with offices in the Kingdom of Saudi Arabia, United Arab Emirates, Egypt and Pakistan, Abacus has more than 600 global customers and over 3,000 customer-focused employees working in 30+ countries. Visit us at www.abacuscambridge.com
Falcon Group is a wholly Iraqi-owned conglomerate. Since its inception in 2004, Falcon Group’s portfolio has grown significantly. Welcoming the new environment of freedom in Iraq, Falcon Group has carefully selected domestic business sectors that capitalize on infrastructure growth. The Group now has 16 companies operating under its umbrella. Learn more
Abacus HCMOne is an add-on designed and developed by Abacus. It is used to work within SAP Business One environment and provides feasibility to manage employee profile, allowances, leaves, deductions, gratuity, automatic tax calculation, dynamic attendance integration. Abacus HCMOne provides flexible features to enable an organization for quick operations of salary processing without hassle working.