Israeli insurance groups Menora Mivtachim and Ness Technologies have signed a multi-million dollar SAP ERP implementation and maintenance contract.
According to Ness Technologie, the contract includes the implementation of a company-wide, SAP-based, enterprise resource planning (ERP) system at Menora Mivtachim Group with maintenance, support and development services for five years.
The new ERP system comprises financial, logistics, human resources and profit analysis modules, as well as other insurance-related modules.
The new system will upgrade various financial and procurement processes, improve the firm’s efficiency, including human capital issues among others, and help Menora Mivtachim provide its customers with the highest level of service.
Menora Mivtachim CEO Moti Rosen said the new ERP system will serve most of the companies of Menora Mivtachim Group, enabling optimal control over Menora Mivtachim’s resources and business activity while satisfying relevant regulatory directives.