03.05.2005 14:22:00
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TotalFinaElf India Selects Sify's Forum; Unique Supply Chain Solution
Business Editors/High-Tech Editors
CHENNAI, India--(BUSINESS WIRE)--May 3, 2005--Sify Limited (Nasdaq:SIFY), India's premier Internet, networks and eCommerce services company, and TotalFinaElf India Ltd, the Indian arm of the world's fourth largest oil and gas company, announced today that Forum, Sify's unique supply chain management solution will be deployed for managing TotalFinaElf's distribution operations in India. The project is expected to cover about 100 distributors in this year, followed by a further 200 distributors in a phased manner in future. Sify expects to complete the implementation over a period of about 18 to 24 months.
Once implemented, distributors would be able to connect securely to the Internet for a short time at the end of each day to exchange information online with their principal. TotalFinaElf distributors will use Forum for their Sales, Distribution and Inventory Management functions including billing, goods receipts, inventory monitoring and generation of sales reports.
Commenting on the development, Mr PK Mittal, Sr. Vice President, Sales & Marketing, TotalFinaElf India Ltd, said, "This marks an important step in strengthening our supply chain management with a view to improve service levels to our network and ensure better availability of our products both to our customers & consumers".
Commenting on the implementation of Forum for TotalFinaElf India Ltd, Mr George Zacharias, President & Chief Operating Officer, Sify said, "Forum will be implemented progressively to cover a major part of the volume distribution of TotalFinaElf, so that key data is instantly available to top management at the touch of a key. Sify's network of sales and support partners for Forum present across the country will be assisting TotalFinaElf's distributors in the transition. We expect to develop this engagement with TotalFinaElf India to deliver a comprehensive solution addressing their various supply chain concerns."
Forum is a unique supply chain solution that enables seamless connectivity with supply chain partners, and is a powerful, easy to use and cost-effective tool for managing retailing and distribution operations over the Internet. Forum enables organizations, both large and small to:
-- | Reduce inventory and costs while significantly improving efficiencies in distribution management. It has a comprehensive sales and distribution management software to help make businesses more profitable. |
-- | Automatically collate stock and sales information from branch offices, distributors and retail outlets by means of a simple, user-friendly, seamless and online process. |
-- | Significantly improve process efficiency by enabling two-way communication between organizations and their distributors / depots. For example, invoices can be delivered online to distributors, or Stock Transfer Notes could be delivered to depots online. Not only would details be delivered on time, the need to re-enter data on stock receipts is eliminated. |
-- | Make supply chain partners more profitable with continuous replenishment mechanisms to help reduce inventories of supply chain partners, cut their operations costs and make them more efficient. |
-- | Build a bridge for seamless connectivity between existing applications, with its ability to work with legacy applications, for integration of supply chains with minimum disruption to pre-existing IT infrastructure. |
Some of the large organizations who are in engagement with Forum for managing their supply chains in India include GlaxoSmithKline Consumer Healthcare, Pidilite Industries Ltd, Perfetti Van Melle India Ltd and Gillette India Ltd.
Corporates use Forum at their distribution points for integrating their supply chain. Distributors use Forum to improve their businesses, to integrate operations of their branches and to interact with their principals. Retailers use Forum as a complete business solution supporting bar-code enabled Points-Of-Sale (POS), re-ordering mechanisms and a whole range of other modern practices. All that is required is to connect over the Internet with a dial-up connection for a short time at day's end for exchange of critical information.
The pricing of Forum is flexible to suit the needs of even small businesses based on the configuration of the solution. So Forum can scale to the needs of a retailer, a distributor, a C&FA or a large organization with thousands of channel members.
About Sify:
Sify is among the largest Internet, network and e-Commerce services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common Internet backbone infrastructure. This Internet backbone reaches 99 cities and towns in India. A significant part of the company's revenue is derived from Corporate Services, which include corporate connectivity, network and communications solutions, security, network management services and hosting. A host of blue chip customers use Sify's corporate service offerings. Consumer services include broadband home access, dial up connectivity and the iWay cyber cafe chain across 90 cities. The company's network services, data center operations and customer relationship management are accredited ISO 9001:2000.
For more information about Sify, visit www.sifycorp.com.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify's business, please see the discussion under the caption "Risks Related to Our Business" in the company's report on Form 6-K for the quarter ended December 31, 2004 which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov.
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CONTACT: Sify Limited Mr. David Appasamy, 91-44-2254 0770 Ext. 2013 (IR) david_appasamy@sifycorp.com or The Anne McBride Co. Brandi Piacente, 212-983-1702 x208 (IR) bpiacente@annemcbride.com
KEYWORD: NEW YORK INDIA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING INTERNET E-COMMERCE PRODUCT SOURCE: Sify Limited
Copyright Business Wire 2005
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