Al-Ghazi Tractors upgrades ERP system to SAP S/4 HANA
MG News | May 24, 2024 at 11:20 AM GMT+05:00
May 24, 2024 (MLN): Al-Ghazi Tractors Limited (PSX: AGTL) has successfully implemented the state-of-the-art ERP solution, SAP 5/4 HANA, replacing its existing ERP system BAAN.
This transition is part of the company's commitment to transformation aimed at improving various aspects of the business, including enhancing its product portfolio, improving the customer experience, modernizing manufacturing operations, and embracing modern technology solutions.
This significant upgrade underscores its commitment to developing a learning organization and enhancing operational efficiencies.
The company communicated this development in its latest filing on the Pakistan Stock Exchange (PSX).
At the time of writing, AGTL's stock has reached its upper limit, up by Rs26.6 or 7.5% compared to the last close.
This positivity is attributed to the latest company's progress, further supported by today's rally in the domestic equity market, amid the ongoing negotiations with the International Monetary Fund (IMF) and investment talks with the United Arab Emirates (UAE).
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