“Digital FP&A systems are essential for manufacturers across the Middle East” – Vibhu Kapoor, Epicor
- Date: 07-May-2024
- Source: Tahawultech
- Sector:Technology
- Country:Saudi Arabia
“Digital FP&A systems are essential for manufacturers across the Middle East” – Vibhu Kapoor, Epicor
Vibhu Kapoor, Regional Vice President – Middle East, Africa & India at Epicor, believes that Digital FP&A systems are essential …
The post “Digital FP&A systems are essential for manufacturers across the Middle East” – Vibhu Kapoor, Epicor appeared first on TahawulTech.com.Vibhu Kapoor, Regional Vice President – Middle East, Africa & India at Epicor, believes that Digital FP&A systems are essential for keeping the region’s manufacturers on the optimum course for long-term financial health.
Manufacturing in Saudi Arabia is expected to be a US$160-billion industry this year, with a CAGR of 2.88% between now and 2028.
Egypt, meanwhile, is set for a value add of US$44 billion by manufacturing in 2024 and a CAGR of 9.29% to 2028. The list goes on of regional manufacturing sectors enjoying sustained periods of growth.
While the economic impetuses for these surges vary, each national industry holds one thing in common: in manufacturing, data is everything. Key performance indicators (KPIs) are integral to every improvement.
The problem lies in the integration of disparate KPIs — production, inventory, finance, and so on — so manufacturers can get a unified view of operations.
These business intelligence (BI) capabilities are commonly found in modern FP&A systems and their insights can greatly