Under the reengineering project undertaken by EPF, several modifications to the IT system were introduced in 2005 and has now purchased a software package for the Accounting and Investment and related Administration functions of the Fund. Through public Tenders, EPF has selected a software package from SAP, and the system is operational from September 1^st 2006.

SAP is a complete enterprise resource planning (ERP) solution, providing EPF with the strategic insight, ability to differentiate, increased productivity, and flexibility to succeed. It is a service-oriented business solution helping to align people, information, and business processes across organizational and technological boundaries.

This package will increase the efficiency of the EPF by reducing repetitive manual work and will ensure that EPF practices compliant and transparent accounting and financial reporting.

To manage investment operations effectively, EPF needs a financial solution that lets EPF identify and evaluate risk – a system tightly integrated with cash and liquidity management functions. SAP provides a total solution for EPF, allowing straight through processing from deal capture to financial accounting.