Metito dubbed ‘Most Innovative’ for its IT management solutions
Metito’s IT management solutions that simplify financial processes earned the company the ‘Most Innovative’ award at CXO 50 Awards 2019
Metito, a global provider of smart water management solutions, was recognised at the CXO 50 Awards 2019 for its innovative IT solutions, which not only simplify financial processes but also ensure a positive business impact. The award highlights Metito’s leadership as a forwarding-thinking company using Information Technology (IT) to deliver added business value to its partner and supplier operations.
The prestigious CXO 50 Awards declared Metito as a leading organisation that exemplifies operational excellence with best practices, new methodologies and technology resources in the field of Information Technology.
Metito received the highly coveted recognition for its advanced online request approval and control system, and its regional sales integration with Infor ERP Project. Its advance payment and invoice settlement protocol ensures a thorough system for a Finance Controller and Procurement Manager to approve or reject requests as required.
“We have over 60 years’ experience as global providers of intelligent water management solutions but central of this success is a progressive vision the goes beyond core business. Aside from constantly expanding our services and products, we make sure that we, as a team, are always pushing the envelope with our internal and organisational processes. Innovation and digital transformation is part of our day-to-day endeavours as move to become one of the most sustainable and digitally empowered companies in the Middle East and worldwide,” said Wafic Ghanem, Metito Chief Financial Officer.
Infor FP5 is used in our global offices except for Metito Thailand which used two local systems for finance and logistics. When Metito Thailand moved their finance GL, AR & AP to Infor FP5 alongside logistics system getting restructured to align various tables of Infor, sales order data, a Thai software was incorporated in central invoicing module of Infor so that AR module gets automatic data. This automation and inter-office integration greatly impact on the efficiency of company’s overall financing system.
Other exceptional implementation of IT services also earned Metito the award. These include: VAT computation of petty cash expenses, VAT implementation in the UAE and the KSA, petty cash approval delegation when approver is on leave, inter-company grid and simplification of re-run entries and sales order margin reconfiguration including regions where interfaced data is done and ETC forecasting.
“Teamwork and effort have together led Metito on the path to being awarded this accolade. From finance, procurement, chemicals, plant sales to project teams, everyone has been instrumental in delivering best results and this award is just how it yet another example of how all this come together. It is a testament to our continuous efforts to embrace innovation in everything that we do,” Ghanem added.