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Jaidah Group selects JustPerform to help move to SAP Analytics Cloud

News
October 4, 2020

Singapore — October 04, 2020

Red Apricot, creators of the AI-based cloud platform JustPerform for Enterprise Performance Management (EPM) and planning, has today announced a significant account win, with prestigious Qatari-based organisation Jaidah Group deploying the platform across the company’s Financial Planning and Analysis (FP&A) division.

The project will automate Jaidah Group’s FP&A processes using SAP Analytics Cloud (SAC) for Planning and it will cover all of Jaidah Group’s diverse business interests. JustPerform will be used to create a fast, efficient and cost-effective roadmap for moving the organisation’s data into SAC, based around the platform’s ability to generate customer-specific unique business processes and project-specific code.

“We are thrilled to work with a company like Jaidah Group, that has such a long and impressive history across multiple industries and has always looked to capitalise on the latest technologies to drive innovation,” said Shameek Bhushan, Chief Growth Officer at Red Apricot.

JustPerform will be deployed across several processes within Jaidah Group’s finance department as the organisation moves to automate their FP&A. These include revenue planning, manpower planning, operating expenditure, capital expenditure planning, financial statements including P&L, balance sheet and cash flow, as well as other income and expense planning.

Jaidah Group ‘s digital transformation will see the company move away from an existing system based on the use of spreadsheets, automating financial functions by moving them into SAC.

Asif Ali, Group Chief Financial Officer for Jaidah Group, said of the deployment:

“We were initially impressed by Red Apricot’s Process Definition solution JustPerform, as it follows a unique and innovative approach for SAP Analytics Cloud for Planning & Digital Boardroom adoption. Like Jaidah Group, Red Apricot looked at the current options available in their industry, and sought to improve upon them by producing something new and innovative. JustPerform’s ability to automate Process Modelling and Deployment to SAC is revolutionary and having consulted with our Group Executive Director Mohammad Jaidah, we both have great confidence in Red Apricot’s ability to drive Jaidah’s digital transformation in FP&A.”

About Red Apricot

Red Apricot is a rapidly-growing company in the Financial Planning & Analysis (FP&A) space. We have been transforming SAP Enterprise Planning and Analysis solution adoptions for large global enterprises since our inception. Using the power of our purpose-built solution JustPerform, the company leads organizations away from an ineffective application configuration to collaborative process design. JustPerform enables visual process modelling and automated process deployment using advanced Artificial Intelligence & Machine Learning algorithms.

Red Apricot is one of the very few SAP Recognized Expertise partners in the Enterprise Performance Management space across the globe. We are also recognized as one of the most innovative EPM solution providers by APAC CIO Outlook and are an SAP Gold Partner.

Red Apricot currently works with large global enterprises across Asia and North America, with the company’s headquarters in Singapore. https://redapricot.io/platform/

About Jaidah Group

For over 120 years, the Jaidah Group has been built through collaboration and connection, innovation and integrity. Our focus on the future – and its limitless potential – has driven us to consistently evolve, making us market leaders in sectors as diverse as industrial supply, energy, automotive and heavy equipment. https://jaidah.com/

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