Vijaye Beeharry, Managing Director & CEOIT compliance plays a vital role to achieve high-quality corporate governance. Today, the change in the IT landscape has created a need for flexible solutions that has led Oracle to roll out technological architectures in compliance with mandates that would not only be leveraged in present times but also adhere to the futuristic complexities of the IT landscape. But the changes in pattern of technological perspectives and the necessity to make business processes re-engineered to comply with mandates have been a reason of much stress to many firms. Hence, the Mauritius-based VESL Technologies Limited (formerly based in Tanzania from 2000 - 2010) leverages Oracle solutions to allow companies to stay compliant and adapt to the fluctuating standards and legislations. “VESL implements the exact mix of policy, procedure, and technology to ensure security and compliance of enterprise data,” says Vijaye Beeharry, Managing Director and CEO, VESL Technologies.
Being an Oracle Gold Partner, VESL leverages Enterprise Resource Planning (ERP) solution from Oracle E-Business Suite. This solution enables clients to manage their business complexities by extending the value of their software investments. The firm also offers tailor-made solutions in Customer Relationship Management (CRM), providing a single information base to ensure the selling channels of the clients to be aligned to the corporate objectives.
Their CRM solution provides true information-driven customer service that helps technicians and agents to meet the users’ expectations. Leveraging the E-Business Suite Financials, companies can use standardized processes for shared services, productivity tools, and integrated Enterprise Performance Management (EPM) that will reduce their back-office costs and increase efficiency. VESL Technologies also provides an Oracle Business Intelligence (BI) solution that transforms unstructured data into useful information for business purposes.
“The company used to be, whilst based in Tanzania, an approved Oracle University Education Partner (OUEC) providing professional Oracle courses in Oracle Financials a part of Oracle E-Business Suite training programs,” adds Beeharry. Their clients also utilize Oracle Virtualization Solutions to virtualize and manage the entire hardware and software stack. Such Virtualization offerings of VESL Technologies are supported by x86 and SPARC architecture along with a variety of workloads as Linux and Windows.
VESL implements the exact mix of policy, procedure, and technology to ensure security and compliance of enterprise data
In one instance, VESL’s solutions were leveraged by Air Mauritius for upgrading their financial system. Initially, their system was not in compliance to International Financial Reporting Standards (IFRS), and was updated using VESL’s solutions to comply with Small Investor Protection Association (SIPA) regulations. “We re-engineered Air Mauritius’ entire financial system to ensure that it met the requirements of the international standards,” affirms Beeharry. VESL’s solution leverages Oracle governance compliance management to monitor the client’s financial services by tracking down processed transactions. With VESL Technologies, the client can now manage risk factors, keeping their financial system compliant.
The trending practices seen in the Oracle technologies have been included by VESL into their offerings. The firm also keeps close watch to ensure that any new change seen in the Oracle landscape is incorporated in the future offerings of the firm. “In alliance with Oracle, we move in the same direction in implementing fusion applications and other products,” opines Beeharry. The firm has given a lot of importance to industry-specific frameworks and mandates in order to roll out Oracle solutions that have global impact.
VESL Technologies considers giving a different dimension to the Oracle space due to the acquired practical knowledge in this domain. As a value-added Oracle service provider, the firm also focuses to expand as a consulting arm for enhancing the global Oracle market. VESL Technologies is engaged in the implementation of ORACLE applications and technology across East, West and Southern African countries covering the Telecommunication Industry, Financial Services Sector, Public Sector, Energy and Utilities providing ERP, BI, EPM and GRC solutions in the ORACLE space.