- SystemSpecs Ends Business with Foreign Partner
Africa’s leading financial technology firm, SystemSpecs has announced the end of its deal with a United States-based enterprise software company, Infor.
According to the company, the step was taken to consolidate its position as a fully indigenous brand.
SystemSpecs and Systems Union, erstwhile owners of SunSystems before its acquisition by Infor in 2006, had partnered to provide leading corporate organisations across Nigeria with software services that guarantee end-to-end accountability for success and improved returns on investment.
Speaking on the move, Head of SystemSpecs’ Infor implementation team in Nigeria, Emmanuel Uzugbo said, “Our business relationship with Infor was rewarding to both organisations and the clients we served. However, the decision to end our partnership was informed by our strategic direction as an organisation and to consolidate our position as a fully indigenous FinTech firm developing and implementing innovative home-grown solutions from Nigeria to Africa and the rest of the world.”
Until the partnership ended, the products of Infor which SystemSpecs sold and supported included Infor SunSystems, Infor Enterprise Asset Management (EAM), and Infor Performance Management (PM).
Also speaking, Vice President, Infor Subscription Services, Keith Saunders said, “Over the past 12 months, Infor and SystemSpecs have been reviewing their current partnership agreement and their go-forward strategies for Infor Products. We are encouraged by the success of our homegrown brands, Humanmanager and Remita, and have chosen to devote our efforts to consolidate these.”
Uzugbo explained further that the development followed growing challenges in the foreign exchange market, the recent executive order issued by Vice President Yemi Osinbajo to support local content in the procurement of IT products and services, and in line with the position of the Institute of Software Practitioners of Nigeria (ISPON) to encourage the adoption of local software solutions.
Infor clients in Nigeria will now be managed through its partner in South Africa.
The strategic partnership between both organisations started in 1992 when SystemSpecs emerged as the country partner of Systems Union—as the firm was known before its acquisition by Infor—for the sales and support of its solutions in Nigeria.
The firm soon developed its own indigenous payroll and human resource management solution, HumanManager, which has continued to transform the Payroll and HR processes of several organisations for more than twenty years.
