Eight months for replacing real estate and general ledger systems may appear an aggressive target but with SAP R/3, this is becoming a more average timeframe within the South Africa market.
The Mines Pension Fund (MPF) believe it is an achievable target, as 90% of the company`s requirements will be met `out of the box` with a straight SAP implementation. The real estate module of the SAP solution will be the first such implementation in South Africa.
The core SAP system at this stage will not replace the company`s current fund administration and operations and investment systems. Less than 10% of the pension funds` needs will require any kind of customisation.
MPF`s current IT system is not year 2000 compliant - an additional motivation for changing to SAP, as the enterprise solution will handle the date change without any problems. As the Fund wants to complete one year-end cycle of processing on the new system before the clock strikes 2000, its implementation deadline has been cast in stone and cannot be extended beyond June 1999.
MPF has chosen PricewaterhouseCoopers as its implementation partner.
The project, which is currently in analysis phase, will not involve any business process re-engineering as the MPF believe its IT systems must be updated to reflect the changing and expanding company.
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