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VENTURES AFRICA- SAP Africa has signed a private cloud licensing agreement with Nigeria’s Oryx Computer Systems to extend its SAP Business One Cloud solution implementations for SMEs across West Africa.
Oryx uses the SAP solutions to drive businesses to seamless business process integration and increased productivity.
The deal therefore allows Oryx, the largest SAP business management solutions and services cmpany for SMEs across the region, to offer managed cloud-based SAP services in the West African market at an affordable price point.
It will also enable the company to take advantage of Nigeria’s largely untapped market which has a host of small businesses.
According to Richard Edet, Managing Director of SAP West Africa: “With reliable Internet connectivity reaching critical mass in West Africa, SME cloud-based services are becoming a reliable and affordable alternative to on-premise solutions.”
“The licensing agreement is a natural extension of our on-going positive relationship with SAP to meet SME customers’ requirements for fixed-cost, scalable industry-specific solutions,” Oryx Computer Systems Managing Director, Tayo Adegbola explained.
With the introduction of the International Finance Reporting Standard (IFRS), which will take effect in Nigeria this year, as a catalyst to strengthen accounting transparency of company financial statements, Oryx will have the opportunity to work hands on with customers to meet country-specific compliance and regulatory payroll needs, he added.