ABU DHABI, UAE, 2 February 2022: Yas Holding, the UAE-headquartered investment company, received the “Innovation and Leadership in Asset Management” Award, instituted by SAP.

Making the announcement through a Press release, SAP said Yas Holding won the award for its Enterprise Asset Management (EAM) project, during SAP’s Digital Supply Chain Event, held on January 17 at the Expo 2020 Dubai.

SAP and Yas Holding officials during the Awards ceremony

Mina Hakim, Group Chief Supply Chain Officer, Yas Holding, and Boris Rusafov, Chief Information Officer, Yas Holding, received the award.

SAP said the recognition was in appreciation of Yas Holding’s implementation of the EAM solution within its group companies, which began in February 2021, following industry best practices.

Murshed Al Redaini, Group CEO, Yas Holding, said: “This recognition from SAP is a testament to our operational best practices and the hard work of all our teams. We are thankful for the award and will continue to advance the digital transformation underway at our companies to enhance our efficiency and sustainability, as we continue on our path to be an agile, innovative, and progressive organisation.”

Commenting on the award, Suresh Vaidhyanathan, Group Chief Financial officer, Yas Holding, said: “Our mission is to optimally manage our company assets over their useful life. We believe the SAP EAM solution will deliver better return on investment and optimize the cost of ownership, in addition to improved efficiencies.”

SAP said Yas Holding and its local and international multi-sector subsidiaries have been expanding their operations, thereby increasing their fixed assets to meet various business requirements. As part of the group’s digital transformation plan, SAP’s Enterprise Asset Management application was launched across various entities to manage the asset lifecycle from acquisition to disposal.

This move will enable Yas Holding and its subsidiaries to enhance visibility, traceability, control, demand planning and consolidation and best utilisation of its assets, SAP said. Furthermore, SAP said, the solution seeks to deliver significant enhancements to asset performance, cost reduction in onboarding maintenance workers, increase in asset lifecycle, reduction in energy costs, improvement in asset data quality, increase in maintenance worker productivity and reduction in operational costs, SAP added.