NETS partners
with SAS to deliver true Financial Intelligence
6 Sep 2005
Network for Electronic Transfers Singapore Pte Ltd (NETS),
Singapore's cashless payments leader, today announced
a partnership with SAS Institute Pte Ltd (SAS), the
global leader in business intelligence, as part of their
efforts to increase business performance, and pursue
growth opportunities and partnerships across Asia.
SAS will provide NETS with enhanced decision-making
capabilities for their current back-end accounting and
management systems, CODA Financials. With SAS Financial
Management in place, a more complete view of the organization's
performance through dynamic management reports and forecasts
will be made available - ultimately reducing the effort
required to dynamically plan and budget for projects
and operations while delivering true financial intelligence.
Chief Financial Officer, Yeo Siew Chai at NETS, said,
"In the upcoming months SAS will be assisting NETS to
fine-tune our management reports, plans and budgets,
while providing us with more flexible, strategic financial
and operational planning tools to help us manage the
NETS business even better. By end of this year, we will
also be able to analyze and manage the true drivers
of shareholder value in relation to strategy, in real
time. We look forward to working with SAS to help propel
NETS forward and to help us add value to the management
and finance teams, which in turn will provide better
service to our merchants and our customers," he said.
Bill Lee, Managing Director of SAS Singapore, said,
"We are pleased about working with NETS on this project.
We continue to enhance our renowned financial management
offering by helping our customers achieve their business
goals, and demonstrating value on an ongoing basis,"
he added. "The decision by NETS is an excellent endorsement
of our success and market leadership, and a validation
of the tangible benefits we bring to organizations throughout
the Asia-Pacific region."
SAS continues to grow in the Asia Pacific region, both
in terms of revenue and customer base. It achieved 20
percent revenue growth in 2004 and increased its penetration
into the banking and financial, telecommunications and
public sectors significantly. With over 6,000 customers
and more than 1,000 employees across 14 countries in
Asia Pacific, SAS leads the market with its SAS9 Enterprise
Intelligence Platform and its business solution applications.
