Page 37 - Interloop Annual Report 2018-2019

INFORMATION SYSTEM LISTING ON PAKISTAN STOCK

& CONTROL EXCHANGE (PSX)

Interloop recognizes the criticality of Information Systems
and Technology Governance for achieving company’s
strategic and operational objectives. IT resources of the
company have been aligned to provide an efficient operating
and decision making platform, consequently adding value to
all stakeholders.

In view of technological advancements, Interloop
continuously explores the prospects of implementing
the latest and innovative technologies to enable efficient
and timely decision making in the changing business
environment. The Digital Agenda at Interloop is being
evolved under the guidelines of Industry 4.0 framework.

MIS Department has developed and provides support for
Enterprise Applications, Business Analytics, IT Infrastructure,
Industrial Automation, Collaboration, Information Security Interloop Limited (ILP) was listed on the Pakistan Stock
and IT Service Management. Information Technology landscape is monitored using Inclusion in Indices
advanced tools for impending failures, performance Exchange (PSX) on April 5, 2019 at PSX, Karachi. In the
bottlenecks and capacity planning in order to respond in a process of Interloop Limited’s Initial Public Offering (IPO), Benchmark used by investors all around the world to
The business applications automate order to cash cycle Book Building was completed on March 13 - 14, 2019. The measure Pakistan’s performance. Listing will give chance
and comprise of product development, order management, proactive manner and ensure business continuity. general public was offered shares on March 21 - 22, 2019 to be included in these indices, providing with global
capacity and material planning, procurement, inventory, at Rs. 46.10 per share. Despite tough market conditions, recognition.
production, warehousing, quality management, finance and Progress during Last Year: the IPO was oversubscribed by 1.5 times and Interloop was
HR functions. Interloop uses Oracle ERP for back office able to successfully raise PKR 5.02 billion, the highest by a Enhanced Corporate Governace
functions and a variety of specialized and custom developed Interloop is working towards increased digitization of private company in the history of Pakistan, placing Interloop
applications for specialized functions. business functions and leveraging the use of mobile amongst the top 50 companies and the 2nd Largest Textile Listed Companies have proper check and balance from
devices, Internet of Things, analytics and location detection Company listed on PSX, by market capitalization. governing Authorities. They practice Best Practices of
Interloop operates core applications from its Production technologies. Corporate Governance and disclose information to the
Data Center in Hosiery Plant 2 with a Disaster Recovery The investors include insurance and asset management governing authorities on timely basis.
Data Center in Hosiery Plant 1. Data Centers are built to Some of the major initiatives in the past year have been: companies, banks, local and foreign institutions, TREC
industry best practices. Data is protected and backed up holders and high net worth individuals. The retail sector Improved Relations with Bankers and
on two sites. The production and DR Data Centers host a 1. Robotic Process Automation has been introduced for also showed confidence in Interloop and ordinary people
Private Cloud. However, Interloop is a consumer of a Hybrid customer order processing under the SPEED initiative also participated in good numbers. Around 1,500 Interloop Suppliers
Cloud architecture when it comes to Business Applications to improve customer lead times employees including executives & non-executives A listed company has to disclose and disseminate all material
in order to conform to the scalability, availability and security 2. Increased mobility for selected employees for pervasive participated voluntarily in our IPO which speaks volumes and price sensitive financial information which adds to:
requirements of business. about their trust in the company.
access to enterprise applications
• The business transparency
Interloop has multiple manufacturing facilities. Remote 3. Increased automation and Process improvement The capital raised through this IPO will be used for • Improved relations with bankers, lenders and
premises are connected through redundant communication for Finance and Procurement functions for process business expansion by setting up a state of the art Denim clients
links and are served by the Hybrid Cloud. All infrastructure efficiency Apparel Manufacturing Plant at Lahore and the 5th Hosiery
is designed to be highly available to ensure Business 4. Analytics dashboards design for Chief Financial Officer Manufacturing Plant at Faisalabad.
Continuity. and Chief Procurement Officer for improved visibility, Business Continuity and Succession
control and decision making Benefits of Listing Planning
IT Service Desk is maintained and operated by ITIL trained
and certified staff. Information Security is fundamental to our 5. Increased automation for order re-work Raise Long Term Low-Cost Capital Listing bridges any discord that may arise during a transition
operations. Policies, procedures and guidelines covering 6. Extension of IT Infrastructure to the new Denim plant from the first generation to the next, by introducing:
data, user, infrastructure and application security are evolved (under construction) Listing results in reducing Financial Risk to the company with
and documented. • Corporate Governance Structures
7. Training and certification of IT staff on Information following benefits: • Succession Planning
Technology Infrastructure Library (ITIL) for standardized
Interloop’s IT strategy also draws from our drive to be a IT service management • Growth and expansion People - Human Resource
sustainable business. We have commissioned Energy • Invest or carry out merger & acquisition plans
Star rated equipment in the Data Center. Consolidated 8. Oracle ERP upgrade to a newer version with committed • Diversify business Enables attracting and retaining the best talent for the
private cloud based infrastructure further reduces power Oracle support for coming years • Meet working capital requirements company because of enhanced reputation.
consumption requirements. By using cloud based 9. IT Project Management function has been added to Enhances Company’s Public Profile Higher Valuation 2018 - 19
Interloop Limited minimize the physical travel requirements. Our business 10. IT Security function has been added to ensure IT Security IPOs add a level of prestige to a company. It can be used as By going public, all stakeholders involved use fair valuation Annual Report
collaboration and video conferencing tools, we try to
improve governance around delivery of IT Projects
functions are becoming increasingly automated and
of the company by the market which is generally higher than
a branding and marketing tool as they attract media interest,
is treated across all layers of information systems
paperless in the offices and on the production floor.
the book value, discovering the true worth of an organization.
attention and scrutiny.
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